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321 N 40th Street

Philadelphia, PA 19104

– beds
– baths
5,792 sqft
2,085 sqft lot
$271 per sqft
2016 build

This fully occupied five-unit building commands an annual gross rental income of over $128,000. Constructed in 2016, it benefits from a tax abatement that will continue through 2026. Each unit is equipped with separate utilities and dedicated HVAC systems, ensuring optimal comfort and efficiency. The apartments showcase high-quality finishes, including hardwood flooring, granite and stainless-steel kitchens with Shaker cabinetry, dishwashers, built-in microwaves, and tile bathrooms. Each unit includes its own washer and dryer, and all but one apartment is partially furnished. Additionally, a spacious unfinished basement provides ample storage. The property consists of two 5-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and two 2-bedroom, 1-bath units. Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.

Listing courtesy of BRIGHT / Compass Pennsylvania, LLC

Last checked: Checking… • Last updated Oct 22, 2024 •

MLS# PAPH2411534 —

The Building

Year Built:

2016
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Building Units Total:

4
Structure Type:

Detached
Architectural Style:

Other
Accessibility Features:

Other
Foundation Details:

Concrete Perimeter
Basement:

Yes
Basement Type:

Unfinished
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

5792

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

5792
Living Area SqFt:

5,792 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

312 N 40th St
Cross Street:

Powelton/Baring
Latitude:

39.95982361
Longitude:

-75.20175934

The Property

Property Subtype:

Other
Property Type:

Multi-Family
Lot Size Units:

Square Feet
Lot Size Acres:

0.05
Lot Size Source:

Assessor
Lot Size Dimensions:

21.00 x 100.00
Lot Dimensions Source:

Assessor
Lot SqFt:

2,085 Sqft
Exclusions:

Tenants' furniture.
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:

CA0
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

881161690
Tax Year:

2024
Tax Lot:

366
Tax Annual Amount:

$1,618
Tax Assessed Value:

$115,630
Year Assessed:

2024
School Tax:

906.0
City/Town Tax:

712.00
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C, Zoned
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Central, Zoned
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Garage:

No
Type of Parking:

None

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
Vacation Rental:

No
Two Bedroom Units:

2

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
10/18/24 Oct 18, 2024	Listed / Active	BRIGHT	$1,575,000

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This multifamily located in West Philadelphia, Philadelphia, PA 19104 is currently for sale for $1,575,000. 321 N 40th Street is a 5,792 square foot multifamily with – beds and – baths. 321 N 40th Street is in the West Philadelphia neighborhood of Philadelphia and has a WalkScore® of 86, making it very walkable. This multifamily is in the attendance area of Samuel Powell School, West Philadelphia High School, and Science Leadership Academy Middle School.

Listing Courtesy of: BRIGHT and Compass Pennsylvania, LLC.

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.