550 E WASHINGTON Lane, Philadelphia, PA 19144
MULTI_FAMILY - Colonial - PHILADELPHIA, PA
- Added:
- Jun 29, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 30 at 8:06 am
Property Features for 550 E WASHINGTON Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Family Room, Dining Room
- Parking
- 4
- Parking features
- Driveway, Garage - Detached
- Interior features
- 2nd Kitchen, Additional Stairway, Bathroom - Stall Shower, Bathroom - Walk-In Shower, Built-Ins, Combination Dining/Living, Crown Moldings, Entry Level Bedroom, Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Gourmet
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3307
Utilities
- Heating system
- Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Colonial
Listing agent Darcy K Scollin License #RS291005 (215) 285-6198
Listing office OCF Realty LLC - Philadelphia 1936 Washington Avenue, Philadelphia, PA (215) 735-7368
Listing date Jun 29, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully licensed duplex with 100% permitted, fully inspected and certified building‑code renovation
- Independent electric sub‑panels and separate electric metering for each unit
- Each unit has high‑efficiency HVAC furnaces plus central A/C
- 100% new plumbing, newer roofing, and modern insulated windows
- Code‑compliant fire protection: hardwired smoke/fire alarms, fire‑rated doors, and unit fire separations
- Unit mix: 2BR/1BA first‑floor unit and 3BR/2BA bi‑level unit; both include in‑unit laundry spaces and equipped kitchens
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $25.80 |
| − Vacancy | −$2.8k | −$1.42 |
| EGI | $48.8k | $24.38 |
| − OpEx | −$14.6k | −$7.31 |
| NOI | $34.1k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1732254
- Latitude
- 40.0502853
