702 N 40th Street
Philadelphia, PA 19104
- 4 beds
- 4 baths
- 2,370 sqft
- 3,450 sqft lot
- $116 per sqft
- 1935 build
ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. Seller requires properties to be sold as a package. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!
Last checked:
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Last updated Feb 19, 2025
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MLS# PAPH2446798 —
The Building
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Year Built:1935
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Year Built Source:Assessor
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Roof:Flat
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New Construction:No
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Construction Materials:Masonry
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Structure Type:Twin/Semi-Detached
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Architectural Style:Other
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Levels:3
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Accessibility Features:None
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Foundation Details:Brick/Mortar
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Basement:Yes
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Basement Type:Unfinished
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:2370
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Above Grade Finished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
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Tax Total Finished SqFt:2370
Interior
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Flooring Type:Carpet, Wood
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Fireplace:No
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Wall & Ceilings:High
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2370
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Living Area SqFt:2,370 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Negotiable
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Possession:Negotiable, Settlement
Location
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Directions:The building is at the corner of Fairmount Avenue and North 40th Street.
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Cross Street:Fairmount Avenue
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Latitude:39.96532822
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Longitude:-75.20298767
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.08
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Lot Size Source:Assessor
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Lot Size Dimensions:30.00 x 115.00
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Lot Dimensions Source:Assessor
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Lot SqFt:3,450 Sqft
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Inclusions:To be determined.
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Exclusions:To be determined.
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Additional Parcels:Yes
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Additional Parcels:Property Is Sold As A Package With 700 North 40th Street. Also Listed On The Mls.
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Zoning:RM1
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:CA0
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (484) 948-5872
- Office phone:
- (610) 792-5900
Taxes
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Tax ID Number:881818800
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Tax Year:2024
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Tax Lot:3
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Tax Annual Amount:$2,753
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Tax Assessed Value:$196,700
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Year Assessed:2025
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School Tax:1541.0
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City/Town Tax:1211.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:4
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Bedrooms Main Level:4
Baths
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Total Baths:4
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Full Baths:4
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Main Level Baths:4.00
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Main Level Full Baths:4
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Baseboard - Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Laundry Type:Common, Shared
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Subdivision Name:University City
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
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Transportation:Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile, Commuter Rail Station 1 to 5 miles
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Vacation Rental:No
Monthly cost estimate
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Asking price
$275,000
Expense | Monthly cost |
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Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,472
|
Taxes | $229 |
Insurance | $75 |
Utilities | $228 See report |
Total | $2,004/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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2/19/25
Feb 19, 2025
|
Price Changed | BRIGHT | $275,000 | 22.2% |
2/18/25
Feb 18, 2025
|
Listed / Active | BRIGHT | $225,000 |