$ 255,000
-
$255,000
Price -
3
Bed -
0
Bath -
2,208
SqFt
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About the Listing EL-W-PH - 3147307
This is the kind of deal that pencils from day one! A fully renovated 2-unit duplex with serrate utilities steps from Temple University Hospital, available for a quick close with no tenants to navigate and no waiting period to get to work. Lower floors a one bedroom one bath with basement access and a backyard. The upper unit has two bedrooms one bath and ready for tenants the moment you close. Each unit has hardwood, fully renovated kitchen, bath and washer/dryer in each unit. At $255,000 with one unit renting at $995/month and the other at $1,200/month, you're looking at approximately $2,195/month in gross rent and a cap rate in the 8–10% range. The location does the heavy lifting. Temple University Hospital is just 0.2 miles away — a four-minute walk which means your tenant pool includes hospital staff, residents, medical students, and university employees year-round. That's not a seasonal renter market. Temple University Hospital — 0.2 miles (4-min walk) Temple University Main Campus — under 0.5 miles Lewis Katz School of Medicine at Temple — minutes away Broad Street Line (Allegheny Station) — 0.3 miles Wagner Free Institute of Science — nearby The Broad Street Line gives tenants direct access to Center City without a car, which is a significant leasing advantage in this price range.That's stable, professional demand with consistent turnover and reliable income. and RM-1 zoning supports the multifamily use and there is a current active rental license. Seller can close quickly. Building is vacant. No lease-up delay, no inherited tenants, no complications. Just a straightforward acquisition and a property ready to perform.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
PAPH2611008
Year Built
1935
Total Square Footage
2,208
Lot/Acreage
0.02
Interior Details
- Bedrooms: 3
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Electric
- Fireplaces:
- Floor: Hardwood
- Above Ground Sq Ft: 2208
- Below Ground Sq Ft: 0
- Basement: Daylight,Partial,Improved,Interior Access,Windows
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 19.00 x 57.00
- Zoning: RM1
- Roof: Flat
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $3,449
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
1226 W Westmoreland St Philadelphia, PA 19140
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