113 W Queen Ln Philadelphia, PA 19144
Germantown NeighborhoodEstimated payment $3,213/month
Total Views
6,053
--
Bed
--
Bath
2,362
Sq Ft
$222
Price per Sq Ft
Highlights
- Wood Flooring
- Garden View
- 1 Fireplace
- Main Floor Bedroom
- Victorian Architecture
- Upgraded Countertops
About This Home
Welcome to 113 W Queen Lane, a handsome and well-maintained triplex in the heart of Germantown’s historic Penn Knox neighborhood. Fully renovated in 2020, this twin spans three stories and offers one thoughtfully updated residential unit per floor, each with its own character and charm. Whether you’re an investor seeking a reliable turnkey asset (active rental license) or an owner-occupant looking to offset your mortgage with rental income (conventional loans available with as little as 5% down!), this property is a standout opportunity.The first floor unit is a spacious two-bedroom apartment with a private entrance, soaring ceilings, and oversized windows that flood the space with natural light. The original fireplace mantle adds a touch of historic elegance to the main living area, while the large kitchen has been fully updated with granite countertops, white shaker cabinets, and stainless steel appliances. Both bedrooms are generously sized, and the bathroom has been tastefully renovated. A tucked-away laundry nook adds convenience, and the layout offers ample space for storage and everyday living.Upstairs, the second floor unit features two bedrooms and a welcoming, light-filled living space accented by large windows and historic charm. The open-concept kitchen is equipped with granite counters and modern appliances. The third floor unit occupies the top floor and boasts vaulted ceilings and skylights in one of the bedrooms and a layout that maximizes both space and light. The updated kitchen/bathroom blend style with functionality and the bedrooms are spacious and bright, making this unit especially appealing to renters seeking a unique space.Each unit has its own in-unit washer and dryer, updated kitchen and bath, and central air or mini-splits. Fire alarm was installed during renovation in 2020. Located just steps from the Queen Lane Regional Rail station, the property offers easy access to Center City and is conveniently close to local shops, parks, and the Wissahickon trails. This property offers long-term flexibility and excellent income potential in one of Northwest Philadelphia’s most vibrant and rapidly appreciating neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,293
Year Built
- Built in 1870 | Remodeled in 2020
Lot Details
- 3,420 Sq Ft Lot
- Lot Dimensions are 30.00 x 114.00
- Property is in excellent condition
Home Design
- Triplex
- Victorian Architecture
- Stone Foundation
- Plaster Walls
- Masonry
Interior Spaces
- Skylights
- Recessed Lighting
- 1 Fireplace
- Window Treatments
- Wood Flooring
- Garden Views
- Unfinished Basement
Kitchen
- Eat-In Kitchen
- Gas Oven or Range
- Built-In Range
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Upgraded Countertops
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathtub with Shower
Laundry
- Front Loading Dryer
- Front Loading Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Ductless Heating Or Cooling System
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Vented Exhaust Fan
- 200+ Amp Service
- Natural Gas Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 41
- Assessor Parcel Number 124001200
Community Details
Overview
- 3 Units
- 3-Story Building
- Penn Knox Subdivision
Building Details
- Income includes apartment rentals
- Insurance Expense $2,880
- Maintenance Expense $1,885
- Operating Expense $10,547
- Gross Income $45,000
- Net Operating Income $34,453
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,582 | $306,700 | $61,340 | $245,360 |
| 2024 | $3,582 | $306,700 | $61,340 | $245,360 |
| 2023 | $3,582 | $255,900 | $51,180 | $204,720 |
| 2022 | $2,293 | $255,900 | $51,180 | $204,720 |
| 2021 | $2,293 | $0 | $0 | $0 |
| 2020 | $2,293 | $0 | $0 | $0 |
| 2019 | $2,394 | $0 | $0 | $0 |
| 2018 | $2,497 | $0 | $0 | $0 |
| 2017 | $2,497 | $0 | $0 | $0 |
| 2016 | $2,473 | $0 | $0 | $0 |
| 2015 | $2,391 | $0 | $0 | $0 |
| 2014 | -- | $178,400 | $26,433 | $151,967 |
| 2012 | -- | $19,872 | $4,570 | $15,302 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | For Sale | $525,000 | -- | $222 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $205,000 | Class Abstract | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,000 | Unknown | |
| Open | $499,096 | Construction | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $25,000 | Unknown |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2482142
APN: 124001200
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