23 W WALNUT LANE, Philadelphia, PA 19144

$470,000 Asking Price

5 beds
4 baths
3,202  sqft
Built in 1849

Welcome to 23 W. Walnut Lane, a charming multi-unit home with spacious living areas, a large yard, and ample parking! This versatile property offers a perfect blend of beautiful modern design, flexible comfortable spaces, and massive potential for outdoor enjoyment– with the added bonus of rental income! Nestled in the desirable neighborhood of Tulpehocken Station in Germantown, this home is ideal for an owner-occupied triplex, investors, or anyone seeking a versatile living arrangement. With some creativity and a renovation budget, the property could be converted to a large single family home. First Floor Unit: Step into the inviting first-floor unit, where you'll find a generous open floor plan designed for modern living. With high ceilings, an impressive fireplace, and light pouring in from three directions, the living room feels expansive and seamlessly flows into the well-appointed kitchen, creating an ideal space for both everyday living and entertaining guests. The first floor also features three spacious bedrooms, one hall bathroom, and an ensuite bathroom. There is also a thoughtfully designed quiet office in the rear of the property, as well as a delightful screened-in porch accessible through the living room that allows comfortable enjoyment of the verdant yard. The first floor unit has a washer and dryer on the main floor and the only basement access. Second Floor Unit: The charming second-floor unit offers a comfortable one-bedroom retreat. Perfect for a private guest suite or an individual apartment, this unit boasts a bright and airy living area, a well-equipped kitchen, a lovely bedroom, and a neat, clean bathroom. It’s an excellent opportunity for rental income or additional space for family members. *Currently rented for $925/month, month-to-month tenant would like to stay. Third Floor Unit: Enjoy the tranquility of the third-floor unit, which features a cozy and inviting one-bedroom studio. This unit offers a serene escape with a small living area, kitchen, bedroom, and a bathroom with new shower, making it perfect for a variety of uses, including a home office or an additional rental unit. *Currently rented for $825/month, month-to-month tenant would like to stay. Outdoor Oasis: Step outside to discover two porch areas, a hardscape patio, and an expansive, extended yard, making it the perfect setting for outdoor gatherings, gardening, or simply enjoying the fresh air. This outdoor space provides a great backdrop for summer barbecues, family fun, or peaceful relaxation. The three-car parking area ensures convenient parking arrangements to accommodate multiple vehicles for residents or visitors. This exceptional home offers a unique combination of living spaces and outdoor amenities, making it a fantastic opportunity for those seeking a beautiful, functional, flexible turn-key property with immediate cashflow. Don’t miss out on the chance to make this lovely home yours. *Previous inspection report available upon request.


Features & Amenities

Interior

Rooms:
Living Room,Dining Room,Kitchen
Laundry:
Main Floor
Basement:
Unfinished
A/C:
Ductless/Mini-Split,Window Unit(s)
Heating:
Y, Radiant,Radiator, Natural Gas
Fireplace:
Wood, Fireplace, Fireplaces: 3
Disability Feature:
None

Exterior

General:
Above Grade,Below Grade
Style:
Victorian,Dwelling w/Separate Living Area
Parking:
Brick Driveway

Construction

General:
Stone,Masonry,Stucco, 3, Stone

Location

Originating MLS:
BRIGHT_MAIN
School District:
THE SCHOOL DISTRICT OF PHILADELPHIA
County:
PHILADELPHIA

Lot

Zoning:
RSA2, 593064410
Current Use:
G58

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
BRIGHT_MAIN
Exclusions:
Book shelves in living room and above kitchen banquette

This listing courtesy of:
Elfant Wissahickon-Chestnut Hill, Rachel J Reilly

About Philadelphia, PA

Housing

Number of Units
705,993
Median Home Value
$212,331
Median Rent
$993

47.83% of housing units are renter occupied.

9.77% are vacant.

Commute

Car
48.32%
Public Transportation
19.12%
Walk to Work
6.40%
Work from Home
23.29%
Other
1.20%

The median travel time to work is 28 minutes.

People

Population
1,564,304
Median Age
36.10
Median Household Size
2.55

Education

High School
31.51%
Associate’s Degree
5.70%
Bachelor’s Degree
18.90%
Graduate Degree
14.16%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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