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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.

Agent Description

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

1935

Monthly Cost Estimate

$1,364/mo

20% down · 6.5% · 30 years

Principal$184
Interest$1,105
Insurance$74

Estimates only. Actual payments may vary.

Location

1226 W WESTMORELAND Street

PHILADELPHIA, PA 19140

Property Details

Construction

Masonry

Parking

On Street

Heating

BaseboardElectric (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.

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KV

Katherine Vail

Agent at Elfant Wissahickon-Rittenhouse Square

(215) 668-4989

Listed by Elfant Wissahickon-Rittenhouse Square · View on Broker Site

MLS# PAPH2611008· Source: listhub· Updated 4 days ago

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.

1226 W WESTMORELAND Street, PHILADELPHIA, PA 19140

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