Fully Renovated
For Sale
$255,000
1226 W WESTMORELAND STREET, Philadelphia, PA 19140
Fully renovated two-unit duplex with in-unit washer/dryer, vacant and ready for immediate leasing.
Property Size2,208 SF
Days on Market15
Property Features for 1226 W WESTMORELAND STREET
General Information
Standard status
Active
Size
2,208 SF
Property subtype
Duplex
Zoning
RM-1
Additional Details
Asking Price
$255,000
Taxes and HOA fees
Annual Taxes
$3,449
Building Details
Building Size
2,208 SF
Year Built
1935
Buildings
1
Listing Agency:
Elfant Wissahickon-Rittenhouse Square
(215) 668-4989
Listed By:
Katherine Vail · License #RS278677
(215) 668-4989
Source:
Lizclarkrealestate
Added: Jul 29
Changed: Aug 8
Last Checked: Aug 11 at 12:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elfant Wissahickon-Rittenhouse Square
Investment Insights
Based on property information with market context.
This fully renovated duplex features two separate residential units, each with hardwood flooring, a fully renovated kitchen and bathroom, and an in-unit washer/dryer. The lower floor offers a one-bedroom, one-bath layout with basement access and a backyard. The upper unit is a two-bedroom, one-bath configuration and is ready for tenants upon acquisition. The building is vacant, supporting an acquisition with no lease-up delay and no waiting period tied to existing tenants. Built in 1935, the property also benefits from RM-1 zoning and has a current active rental license.
Location proximity is a core advantage: Temple University Hospital is about 0.2 miles away (approximately a four-minute walk). Temple University Main Campus is under 0.5 miles, and the Lewis Katz School of Medicine at Temple is minutes away. Public transit access is also close, with the Broad Street Line (Allegheny Station) about 0.3 miles away.
The property is described as having underwriting support with an estimated cap rate range of 8–10%.
Location proximity is a core advantage: Temple University Hospital is about 0.2 miles away (approximately a four-minute walk). Temple University Main Campus is under 0.5 miles, and the Lewis Katz School of Medicine at Temple is minutes away. Public transit access is also close, with the Broad Street Line (Allegheny Station) about 0.3 miles away.
The property is described as having underwriting support with an estimated cap rate range of 8–10%.
Key Highlights
- RM‑1 zoning plus a current active rental license
- Vacant duplex with no lease‑up delay and no inherited tenants
- Lower unit: one bedroom, one bath with basement access and a backyard
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,263
Businesses Nearby
Explore this area
Business Placement
Demographics for 19140, PA
52,124
Population
23,104
Households
2.3
Avg Household Size
36
Median Age
9%
College-Educated
73%
High-School Grad
3.2 sq mi
ZIP Area
16,289
Density / Sq Mi
$33,149
Median Household Income
$31,508
Median Earnings
$1,085
Median Rent
$101,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated two-unit duplex with in-unit washer/dryer, vacant and ready for immediate leasing.
Where is this duplex located?
The property is located at 1226 W WESTMORELAND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: RM‑1 zoning plus a current active rental license; Vacant duplex with no lease‑up delay and no inherited tenants; Lower unit: one bedroom, one bath with basement access and a backyard
