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312 N 40th Street

Philadelphia, PA 19104

– beds
– baths
4,324 sqft
2,875 sqft lot
$142 per sqft
1920 build

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Investor Owner Opportunity! This spacious duplex spans over 4200+ sqft, featuring two units and outdoor space, making it an attractive investment in the heart of University City. Located less than half a mile from both Drexel University and the University of Pennsylvania campuses, this property is strategically positioned for student housing demand.Unit A boasts five bedrooms and two bathrooms, while Unit B offers five bedrooms and three bathrooms. The property stands as a standalone structure with separately metered utilities, ensuring efficiency and convenience. Each unit is equipped with in-unit washers and dryers, kitchens adorned with granite countertops and stainless steel appliances, and a sizable rear yard accessible from Unit A and externally from Unit B. The investment potential is underscored by the property's current monthly rental income of $4,750. Although currently vacant, this presents a prime opportunity for investors to capitalize on the burgeoning demand for housing in the area. This investment opportunity is situated in a redeveloped area boom, witnessing substantial growth and transformation over the past 8-10 years. Its proximity to both Drexel and Penn universities makes it an attractive choice for students and professionals alike. Convenience is key, with the property just two blocks away from Presbyterian Hospital, the 40th Street Station of the Market-Frankford Line, Penn’s LUCY bus, and the vibrant 40th Street amenities, including restaurants, shops, and a supermarket between Market and Walnut Streets. Transportation is a breeze with easy access to the Bus route 40 and the Drexel bus, both just a half block away. Moreover, the property falls within the night patrol area of Drexel. Don't miss out on this exceptional investment opportunity in a thriving and strategically located University City neighborhood!

Listing courtesy of BRIGHT / Kurfiss Sotheby's International Realty

Last checked: Checking… • Last updated Oct 17, 2024 •

MLS# PAPH2297268 —

The Building

Year Built:

1920
Year Built Source:

Assessor
Year Major Reno/Remodel:

2014
New Construction:

No
Construction Materials:

Masonry
Structure Type:

Detached
Architectural Style:

Other
Building Units Total:

2
Roof:

Flat
Window Features:

Energy Efficient
Accessibility Features:

None
Foundation Details:

Concrete Perimeter
Basement:

Yes
Basement Type:

Full, Fully Finished
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1876

Interior

Interior Features:

Sprinkler System
Flooring Type:

Wood, Tile/Brick
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

4324
Living Area SqFt:

4,324 Sqft

Financial & Terms

Sale Type:

Standard
Buyer Financing:

Cash
Possession:

Negotiable

Location

Directions:

GPS
Cross Street:

POWELTON AVE
Latitude:

39.95973206
Longitude:

-75.20234680

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.07
Lot Size Source:

Assessor
Lot Size Dimensions:

25.00 x 115.00
Lot Dimensions Source:

Assessor
Lot SqFt:

2,875 Sqft
Zoning:

RM1
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

W50
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

061162500
Tax Year:

2022
Tax Lot:

38
Tax Annual Amount:

$6,990
Tax Assessed Value:

$499,400
Year Assessed:

2023
School Tax:

3835.0
City/Town Tax:

3154.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Utilities:

Cable TV Available
Sewer/Septic:

Public Sewer
Electric Service:

Circuit Breakers
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

Powelton Village
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Other Units:

Unit 1,Unit 2
Vacation Rental:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/29/24 Mar 29, 2024	Sold	BRIGHT	$615,000	-15.2%
3/6/24 Mar 6, 2024	Sold Subject To Contingencies	BRIGHT	$725,000
11/13/23 Nov 13, 2023	Listed / Active	BRIGHT	$725,000

Multifamily Sold on 3/29/2024

$615,000

Listing provided by broker:

James McFadden

Kurfiss Sotheby's International Realty

(215) 298-9415

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Listing Courtesy of: BRIGHT and Kurfiss Sotheby's International Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

312 N 40th Street

Philadelphia, PA 19104