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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1226 W WESTMORELAND Street in PHILADELPHIA, PA is listed for $255,000 ($115 per sqft). Built in 1935, the home offers 2,208 sqft of living space on a 0.02 acres lot.
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.
Key Features
- Built in 1935
- 0.02 acre lot
Property Details
Monthly Cost Estimate
$1,364/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1226 W WESTMORELAND Street
PHILADELPHIA, PA 19140
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1226 W WESTMORELAND Street is listed at $255,000 ($115/sqft). The estimated monthly payment is $1,105 based on 20% down at 6.5% interest.
Key features include: Built in 1935, 0.02 acre lot.
This property is listed by Katherine Vail and can be reached at 2156684989 or katevail@ewrhomes.com.































