4010 Baring St Philadelphia, PA 19104
West Powelton NeighborhoodEstimated payment $4,962/month
Highlights
- Forced Air Heating and Cooling System
- 4-minute walk to 40Th Street
- 5-minute walk to Saunders Park
About This Home
Amazing investment opportunity. This modern, fully occupied 3-unit, 8-bedroom multi-family property was built in 2012 and is situated in the highly sought-after West Powelton neighborhood of Philadelphia. Just a short walk from the University of Pennsylvania and Drexel University, ensuring consistent demand from students and professionals. This property offers investors an excellent opportunity to acquire a turnkey asset with significant potential for rental growth. The property is also located within a Qualified Opportunity Zone, providing potential tax advantages for investors. The unit mix includes two (2) two-bedroom, one-bathroom units and one (1) four-bedroom, two-bathroom unit. The units offer hardwood floors, stainless-steel appliances, in-unit washer and dryers, and much more. Don’t miss this rare opportunity to own a high-performing multi-family property in a rapidly developing area. Eight property portfolio, can be purchased individually or as a full / partial portfolio (4008, 4010, 4032 & 4011 Baring Street, 416-18 N. Wiota Street, 508 Budd Street, 1537 Swain Street and 1802 N. 5th Street). Seller is in the process of appealing taxes.
Listing Agent
(215) 783-7779 sonesti@mccannteam.com KW Empower License #RS372317 Listed on: 03/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,321
Year Built
- Built in 2012
Lot Details
- 1,500 Sq Ft Lot
- Lot Dimensions are 20.00 x 75.00
Home Design
- 3,180 Sq Ft Home
- Triplex
- Concrete Perimeter Foundation
- Masonry
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
Additional Features
- Finished Basement
Community Details
- 3 Units
- West Powelton Subdivision
Listing and Financial Details
- Assessor Parcel Number 061023300
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,764 | $880,200 | $176,040 | $704,160 |
| 2024 | $6,764 | $880,200 | $176,040 | $704,160 |
| 2023 | $1,353 | $483,200 | $96,640 | $386,560 |
| 2022 | $1,251 | $96,640 | $96,640 | $0 |
| 2021 | $1,251 | $0 | $0 | $0 |
| 2020 | $1,251 | $0 | $0 | $0 |
| 2019 | $1,204 | $0 | $0 | $0 |
| 2018 | $648 | $0 | $0 | $0 |
| 2017 | $648 | $0 | $0 | $0 |
| 2016 | $157 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $325,000 | $11,200 | $313,800 |
| 2012 | -- | $1,024 | $1,024 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2025 06/24/25 | Price Changed | $745,000 | -0.7% | $234 / Sq Ft |
| 03/24/2025 03/24/25 | For Sale | $750,000 | -- | $236 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $85,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,117,000 | Future Advance Clause Open End Mortgage |
Source: Bright MLS
MLS Number: PAPH2460934
APN: 061023400
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