723 N 40th Street
Philadelphia, PA 19104
- – beds
- – baths
- 2,680 sqft
- 1,785 sqft lot
- $215 per sqft
- 1915 build
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Your dream investment opportunity has arrived! This impressive triplex has been beautifully renovated and is ready for its next savvy owner. Whether you’re looking to expand your investment portfolio or live in one unit while generating rental income from the others, this is the perfect property for you! Each of the three 2-bedroom, 1-bathroom units offers premium features including sleek white shaker cabinets, stainless-steel appliances, glass subway tile backsplash, black hardware accents, built-in microwaves, central air, and in-unit washer/dryers. You’ll also love the attention to detail with stylish wall paneling and the convenience of video doorbells and a fully equipped sprinkler system. Located in a prime area, you’re just minutes from University City, Drexel, UPenn, local dining, shopping, hospitals, and public transportation. Commuting is a breeze with easy access to the Market-Frankford Line, #10 trolley, and 41st Street Station, connecting you to all of Philadelphia’s regional train lines. Currently operating as AirBnB rentals, the units are generating solid income: $1,600 for Unit 1 (1st floor), $1,500 for Unit 2 (2nd floor), and $1,500 for Unit 3 (3rd floor). The unbeatable location puts you near iconic Philly landmarks like the Art Museum, Philadelphia Zoo, and Center City. Don’t miss out on this exceptional opportunity in one of the city’s most desirable areas! Schedule your showing today!
Last checked:
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Last updated Feb 27, 2025
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MLS# PAPH2414572 —
The Building
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Year Built:1915
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Year Built Source:Estimated
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Year Major Reno/Remodel:2022
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:3
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Structure Type:Twin/Semi-Detached
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Architectural Style:Traditional
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Security Features:Security System
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Unfinished
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
Interior
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2680
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Living Area SqFt:2,680 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA, VA
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Buyer Financing:Conventional
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Possession:Immediate
Location
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Directions:Use GPS
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Latitude:39.96582413
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Longitude:-75.20250702
The Property
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Property Subtype:Triplex
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.04
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Lot Size Source:Estimated
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Lot SqFt:1,785 Sqft
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Exclusions:Staging
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Zoning Description:Legal Triplex
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Zoning:RSA5
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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:N50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (609) 534-0212
- Office phone:
- (484) 367-7727
Taxes
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Tax ID Number:243113800
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Tax Year:2024
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Tax Lot:184\
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Tax Annual Amount:$6,439
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Tax Assessed Value:$460,000
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Year Assessed:2024
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School Tax:3605.0
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City/Town Tax:2833.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Natural Gas
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Heating:Yes
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Heating Type:Forced Air, Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:Fuses, Circuit Breakers
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Hot Water:Other
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Water Source:Public
Appliances
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Appliances:Built-In Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Dishwasher
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Subdivision Name:Belmont
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:3
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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Units Furnished:All
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Two Bedroom Units:3
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).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/25/25
Feb 25, 2025
|
Sold | BRIGHT | $577,500 | -3.6% |
1/16/25
Jan 16, 2025
|
Pending | BRIGHT | $599,000 | |
1/3/25
Jan 3, 2025
|
Price Changed | BRIGHT | $599,000 | -0.2% |