550 E WASHINGTON LN Philadelphia, PA 19144 Coming Soon
UPDATED: 06/20/2026 07:57 PM ON MARKET: 2 days on market
$397,700
5 Beds3 Baths2,000 SqFt
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $198
Subdivision None Available
MLS Listing ID PAPH2639456
Style Colonial
Bedrooms 5
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 2,000
Year Built 1920
Available Date 2026-06-29
Annual Tax Amount $3,307
Tax Year 2025
Lot Size 3,076 Sqft
Acres 0.07
Lot Dimensions 24.00 x 130.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
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 hardwired 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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