$359,900
4 bd|2.5 ba|2,000 sqft
1606 E Washington Ln, Philadelphia, PA 19138
Listed by Keller Williams Real Estate Tri-County
For Sale
Listing description
540 E. Penn Street | Exceptional Investment Opportunity Welcome to 540 E. Penn Street, a spacious 7-bedroom, 4-bathroom property offering an outstanding opportunity for investors seeking immediate rental income. Located in the desirable East Germantown neighborhood, this expansive home was renovated in 2025 and is currently tenant occupied, allowing the new owner to begin collecting rental income from day one. The property is equipped with a refrigerator, range, and microwave, making it a truly turnkey investment. With generous living space and modern updates, this home is well-positioned to continue attracting long-term tenants. Offered As-Is, this property may be purchased individually or as part of a three-property, rent-ready investment portfolio, making it an excellent addition for both seasoned and first-time investors. Don’t miss the opportunity to own a cash-flowing asset in one of Philadelphia’s growing neighborhoods.
Facts & features
Interior
- Bedrooms
- 7
- Bathrooms
- 4 full
- Living area
- 2,256 sq ft
- Heating
- 90% Forced Air
- Cooling
- None
Property & construction
- Property type
- Residential · End of Row/Townhouse
- Architectural style
- Traditional
- Year built
- 1900
Lot & parking
- Lot size
- 0.03 acres (1,127 sq ft)
Financial
- Price / sq ft
- $146
- HOA dues
- None
Listing details
- MLS #
- PAPH2646368
- County
- Philadelphia County
- School district
- Philadelphia City
- Days on market
- 1 day
Interior features
- Appliances
- Dryer - Electric, Oven/Range - Gas, Stainless Steel Appliances, Washer
- Flooring
- Luxury Vinyl Plank
- Interior features
- Floor Plan - Traditional, Recessed Lighting, Upgraded Countertops
- Basement
- Unfinished
- Laundry
- Has Laundry
- Levels
- 3
- Accessibility
- None
Exterior & construction
- Construction
- Masonry
- Roof
- Shingle
- Foundation
- Slab
Systems & utilities
- Heating fuel
- Natural Gas
- Cooling fuel
- None
- Hot water
- Natural Gas
- Water source
- Public
- Sewer
- Public Sewer
- Utilities
- Electric Available, Sewer Available, Water Available
Parking
- Parking
- On Street
Community
- Subdivision
- GERMANTOWN (EAST)
Lot & zoning
- Lot dimensions
- 15.00 x 75.00
- Zoning
- RSA5
Included in the sale
- Inclusions
- Washer/Dryer, Refrigerator, Range, Microwave
- Exclusions
- Tenant's Property
- Possession
- Subject to Existing Lease
Price history
| Date | Event | Price |
|---|---|---|
| Jul 14, 2026 | Listed for sale | $330,000 |
Price changes are tracked from when NookLocal first indexed this listing; earlier history may not appear. Tax & assessment details are in the section below.
The NookLocal estimate
Estimated value
$294,000
Automated estimate, not an appraisal. Sale records through July 2026.
About this estimate
Based on 10 comparable sales nearby, the Philadelphia County assessment ratio, and this home's own March 2025 sale grown with the local market, weighted toward the current asking price.
- Last sold
- March 2025 for $155,000
- About $178,182 in today's market
- Current list price
- $330,000
- County assessment implies
- $117,978
Comparable Sales
| Address | Closed | Sale price | Bd/Ba | Sqft | Adjusted value |
|---|---|---|---|---|---|
| 1925 N PALETHORP ST, PHILADELPHIA, PA 19122 | June 2026 | $630,000 | 3/4 | 2,365 | $288,160 |
| 244 S 9TH ST, PHILADELPHIA, PA 19107 | June 2026 | $750,000 | 4/4 | 2,400 | $333,368 |
| 922 N MARSHALL ST, PHILADELPHIA, PA 19123 | June 2026 | $750,000 | 4/3 | 2,304 | $380,463 |
| 2417 E CUMBERLAND ST, PHILADELPHIA, PA 19125 | July 2026 | $325,000 | 5/3 | 2,172 | $245,384 |
| 1100 E PHIL ELLENA ST, PHILADELPHIA, PA 19150 | July 2026 | $440,000 | 4/3 | 2,059 | $293,503 |
| 852 N 15TH ST, PHILADELPHIA, PA 19130 | June 2026 | $540,000 | 3/2 | 2,284 | $321,799 |
Sale history
| Date | Event | Price |
|---|---|---|
| March 2025 | Sold | $155,000 |
| August 2018 | Sold | $55,000 |
| March 2012 | Sold | $99,000 |
From closed MLS and county deed records. Earlier transactions may exist.
Estimated taxes
Recorded property taxes: $1,557 (2026 bill as recorded in the MLS).
Estimated monthly payment calculator
$66,000 (20%)
6.43%
Loan term
Estimated monthly payment
$1,883/mo
- Principal & interest
- $1,657
- Property taxes
- $130
- Home insurance (est.)
- $96
Taxes use the amount recorded on the MLS. The default rate is the average 30-year rate as of July 2026; insurance is estimated at 0.35% of the price per year. Below 20% down, lenders usually add mortgage insurance, which this estimate doesn't include. Estimate only; verify before relying on it.
Area statistics
School district
Philadelphia City
2025 PA state assessments (PSSA / Keystone) and graduation data. The index measures student outcomes, not school effectiveness, and is not adjusted for demographics. Districts serve all residents; verify enrollment boundaries with the district.
Safety data
Philadelphia County crime & safety numbers →
County figures from FBI and Pennsylvania source data.
Property taxes
Philadelphia County taxes, explained →
Millage, the Common Level Ratio, and what changes after you buy.
Map location
Open in Google Maps© BRIGHT, All Rights Reserved
Information Deemed Reliable But Not Guaranteed
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which United Real Estate Strive 212 participates, and is provided by BRIGHT through a licensing agreement.
IDX listings are displayed pursuant to broker of record United Real Estate Strive 212, Frank Ramos, Broker/Owner, PA Broker License RM424345, 1220 Broadcasting Rd, Suite 201, Wyomissing, PA 19610, (610) 372-0212.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: July 15, 2026 at 2:21 AM EDT
Homes like this one
Want help finding the right home in Philadelphia?
Our concierge desk does a 1-on-1 needs analysis with you, then hand-picks a vetted Philadelphia agent or lender. Free, no obligation. If you work with a partner we introduce, NookLocal may earn a referral fee from their broker.