4518 Westminster Ave Philadelphia, PA 19131
Mill Creek NeighborhoodEstimated payment $867/month
Total Views
4,920
3
Beds
1
Bath
1,400
Sq Ft
$100
Price per Sq Ft
Highlights
- Traditional Architecture
- 1-minute walk to Lancaster Avenue And 45Th Street
- Forced Air Heating System
- No HOA
- Ceramic Tile Flooring
- 4-minute walk to Clara Muhammad Square
About This Home
**Investor Special – Fully Renovated PHA-Leased Rental in Mill Creek**
Welcome to **4518 Westminster Avenue**, a turn-key investment property in Philadelphia’s Mill Creek neighborhood. This 3-bedroom, 1-bathroom rowhome spans approximately **1,256 square feet** and is currently leased through the **Philadelphia Housing Authority (PHA)** with a projected annual rent roll of **$25,632**—offering reliable, government-backed monthly income from day one.
The property underwent a comprehensive renovation in 2023, including a new roof, all new windows, updated electrical system, fresh paint, new appliances, modern kitchen and bathroom, new flooring throughout, and a new water heater. These major upgrades significantly reduce future capital expenditure and make this a low-maintenance, high-yield asset.
Tenants enjoy an open-concept layout with hardwood floors in the living and dining areas, a contemporary kitchen, and three spacious bedrooms upstairs—all filled with natural light.
Located with easy access to **I-76, MLK Drive, and Kelly Drive**, the property sits in a high-demand rental corridor with proximity to transportation, employment hubs, and green space.
Whether you’re looking to expand your portfolio or secure steady passive income, **4518 Westminster Avenue** is a strong buy-and-hold opportunity with immediate cash flow.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,128
Year Built
- Built in 1925 | Remodeled in 2023
Lot Details
- 1,000 Sq Ft Lot
- Lot Dimensions are 14.00 x 71.00
- Back Yard
Parking
- On-Street Parking
Home Design
- Traditional Architecture
- Flat Roof Shape
- Stone Foundation
- Masonry
Interior Spaces
- 1,400 Sq Ft Home
- Property has 2 Levels
- Basement Fills Entire Space Under The House
Flooring
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Natural Gas Water Heater
Listing and Financial Details
- Tax Lot 71
- Assessor Parcel Number 062094500
Community Details
Overview
- No Home Owners Association
- Mill Creek Subdivision
Pet Policy
- No Pets Allowed
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 | $682 | $80,600 | $16,120 | $64,480 |
| 2024 | $682 | $80,600 | $16,120 | $64,480 |
| 2023 | $682 | $48,700 | $9,740 | $38,960 |
| 2022 | $777 | $48,700 | $9,740 | $38,960 |
| 2021 | $777 | $0 | $0 | $0 |
| 2020 | $777 | $55,500 | $8,325 | $47,175 |
| 2019 | $749 | $0 | $0 | $0 |
| 2018 | $283 | $0 | $0 | $0 |
| 2017 | $283 | $0 | $0 | $0 |
| 2016 | $283 | $0 | $0 | $0 |
| 2015 | $469 | $0 | $0 | $0 |
| 2014 | -- | $35,000 | $2,700 | $32,300 |
| 2012 | -- | $1,792 | $502 | $1,290 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | Price Changed | $140,000 | -15.2% | $100 / Sq Ft |
| 05/24/2025 05/24/25 | Price Changed | $165,000 | -13.2% | $118 / Sq Ft |
| 04/15/2025 04/15/25 | For Sale | $190,000 | 0.0% | $136 / Sq Ft |
| 03/01/2024 03/01/24 | Rented | $1,550 | 0.0% | -- |
| 03/01/2024 03/01/24 | Under Contract | -- | -- | -- |
| 01/10/2024 01/10/24 | For Rent | $1,550 | 0.0% | -- |
| 02/19/2020 02/19/20 | Sold | $66,000 | -5.7% | $53 / Sq Ft |
| 12/30/2019 12/30/19 | Price Changed | $70,000 | -4.0% | $56 / Sq Ft |
| 11/14/2019 11/14/19 | Price Changed | $72,900 | -4.0% | $58 / Sq Ft |
| 10/24/2019 10/24/19 | Price Changed | $75,900 | -5.0% | $60 / Sq Ft |
| 10/07/2019 10/07/19 | For Sale | $79,900 | -- | $64 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $65,000 | Trident Land Transfer Co Lp | |
| Deed | $70,000 | Abstract America Settlement | |
| Deed | $43,500 | None Available | |
| Deed | $26,500 | None Available | |
| Sheriffs Deed | $2,900 | None Available | |
| Deed | $39,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,117,500 | New Conventional | |
| Closed | $121,000 | Stand Alone Second | |
| Closed | $111,440 | Construction | |
| Previous Owner | $0 | Commercial | |
| Previous Owner | $39,900 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Philadelphia, PA
Source: Bright MLS
MLS Number: PAPH2467470
APN: 062094500
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