$1,750,000

329 N 40th St Philadelphia, PA 19104

West Powelton Neighborhood

Estimated payment $9,452/month

Total Views 6,834
-- Bed
-- Bath
8,000 Sq Ft
$219 Price per Sq Ft

Highlights

  • Forced Air Heating and Cooling System
  • 3-minute walk to 40Th Street
  • 4-minute walk to Saunders Park
  • Property is in excellent condition

About This Home

This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.

Listing Agent

Nancy Wei

(215) 882-1563 ussinobull@gmail.com Panphil Realty, LLC License #AB068621 Listed on: 09/19/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,520

Year Built

  • Built in 2018

Lot Details

  • 2,754 Sq Ft Lot
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 8,000 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 4 Units
  • University City Subdivision

Listing and Financial Details

  • Tax Lot 173
  • Assessor Parcel Number 881161745

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,520

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 2018
  • Remarks Public: This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Room Count: 20
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 8000
  • Living Area Sq Ft: 8000
  • Price Per Sq Ft: 218.75
  • Above Grade Finished Sq Ft: 8000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 329

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: H50
  • Lot Size Acres: 0.06
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2754.00
  • Property Condition: Excellent
  • Year Assessed: 2025
  • Zoning: RM1

Rental Info

  • Existing Lease Type: Long Term
  • Ground Rent Exists: No
  • Rent Control: No
  • Units Leased Count: 6
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 2520.00
  • Assessor Parcel Number: 881161745
  • Tax Lot: 173
  • Tax Year: 2025

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2025 03/18/25 Price Changed $1,750,000 -5.4% $219 / Sq Ft
09/19/2024 09/19/24 For Sale $1,850,000 +293.6% $231 / Sq Ft
02/22/2017 02/22/17 Sold $470,000 -10.5% $144 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
07/13/2016 07/13/16 For Sale $525,000 -- $161 / Sq Ft
Source: Bright MLS

Source: Bright MLS

MLS Number: PAPH2398888

Bright MLS

APN: 24-1-2487-00

Pennsylvania Philadelphia County Philadelphia 19104 West Powelton

329 N 40th St, Philadelphia, PA

This home is located at 329 N 40th St, Philadelphia, PA 19104 and is currently priced at $1,750,000, approximately $218 per square foot. This property was built in 2018. 329 N 40th St is a home located in Philadelphia County with nearby schools including Samuel Powel School, Science Leadership Academy Middle School, and West Philadelphia High School.

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Nancy Wei
Listing Agent
Nancy Wei
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Panphil Realty, LLC
(215) 882-1563