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MLS: #PAPH2639456, Listed By: Darcy Scollin, OCF Realty LLC - Philadelphia, Source:Bright MLS

550 E Washington Lane

PHILADELPHIA, PA 19144
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Bed 5

Bed

Bath 3

Bath

SqFt2,000

Sqft

Acres0.07

Acre(Lot)

Welcome to the safest, most turnkey multi-family opportunity on the market in Germantown! This fully licensed, pristine duplex was stripped to the studs and underwent a 100% permitted, fully inspected, and certified building code renovation. Whether you are an investor looking for a low-maintenance, high-yield asset or a buyer looking to "house hack" and live for next to nothing while a tenant pays your mortgage, this property delivers ultimate peace of mind. The building is structurally and mechanically optimized, featuring independent sub-panels and separate metering for electric, independent high-efficiency HVAC furnaces and central A/C for each unit, 100% new plumbing, newer roofing, and modern insulated windows. Built to strict commercial multi-family standards, the property boasts ha rdwired smoke/fire alarms throughout, required commercial-grade fire-rated doors, and code-compliant unit fire separations, alongside full interior Lead-Safe Certifications. Unit 1 (First Floor): A spacious 2-bedroom, 1-bathroom apartment featuring durable bamboo flooring throughout, a modern kitchen with custom counters and tile backsplash, and a beautifully tiled bathroom with porcelain walls extending to the ceiling. Historic rent: $1,360/month. Unit 2 (Second & Third Floors): A sprawling 3-bedroom, 2-full-bathroom bi-level unit boasting restored oak flooring on the main level and sleek bamboo upstairs, matching custom tile finishes in the kitchen, and porcelain-tiled baths. Historic rent: $1,740/month. Both apartments feature fully equipped kitchens and dedicated in-unit laundry utility spaces. The Owner’s Bonus: The owner retains exclusive possession of a massive 750 SF basement workshop and a full-sized garage workshop, both heavily upgraded with dedicated 20-amp circuits throughout—ideal for hobbyists, contractors, artisan creators, or passive storage monetization (can easily be modified back for standard parking). Outside, the exterior features an attached garage, a private driveway, and dedicated off-street tenant parking out front. The low-maintenance concrete rear yard eliminates landscaping upkeep. Unbeatable location steps from local schools, regional rail trains, buses, and daily shopping conveniences. Clean, certified, and completely move-in ready—schedule your showing today!

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Detail Ic Property Details

Property Type : Residential

Price : $397,700

AD Id : 85682511

MLS Id : PAPH2639456

Beds : 5

Lot Size : 0.07 Acre

Living Area Size : 2,000

Year Built : 1920

Garage : 1

County : PHILADELPHIA

Subdivision: None Available

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 3 Full Baths: 3

    Room Information

    Has Basement: Yes Basement: Daylight, Full
  • Interior Features

    Eat-in Kitchen, Built-in Features, Crown Molding Appliances: Gas Water Heater Laundry Features: Upper Level, Main Level
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: Central Air, Gas

  • Building Information

    Year Built: 1920 Building Area Total: 2000 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 24.00 x 130.00 Lot Size Acres: 0.07 Lot Size Source: Estimated Lot Size Square Feet: 3076

    Property Information

    Subdivision: NONE AVAILABLE Source Property Type: Residential Postal Code Plus 4: 1011 Property SubType: Townhouse Levels: Three Or More Property Age: 106

  • Listing Price Information

    Listing Price: $397700

  • Tax Information

    Parcel Number: 592141200 Tax Lot: 35 Tax Year: 2025 Annual Tax: $3307

  • Parking Information

    Parking Total: 4 Garage, Driveway, Detached

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: Property located on the left, parking out front WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4455 Greene Street, Philadelphia, PA, 19144 $110,500 3 2 1,207 1,207 SqFt
5110 Stenton Avenue, Philadelphia, PA, 19144 $160,000 3 1 1,236 1,236 SqFt
330 E Elwood Street, Philadelphia, PA, 19144 $160,000 3 2 1,462 1,462 SqFt
2154 Elkins Avenue, Philadelphia, PA, 19144 $175,000 3 1 1,184 1,184 SqFt
536 E Ashmead Street, Philadelphia, PA, 19144 $110,000 2 1 829 829 SqFt
5110 Rubicam Street, Philadelphia, PA, 19144 $209,900 3 2 1,602 1,602 SqFt
99 E Seymour Street, Philadelphia, PA, 19144 $34,900 2 -- 803 803 SqFt
4545 Pulaski Avenue, Philadelphia, PA, 19144 $199,999 6 2 2,592 2,592 SqFt
45 W Logan Street, Philadelphia, PA, 19144 $700,000 25 7 9,482 9,482 SqFt
524 E Penn Street, Philadelphia, PA, 19144 $269,999 5 3 1,698 1,698 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/22/2026 @ 21:50

MLS: PAPH2639456 LISTED BY: Darcy Scollin, OCF Realty LLC - Philadelphia 215-735-7368 SOURCE: Bright MLS

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