$550,000

700 N 40th St Philadelphia, PA 19104

Belmont Neighborhood

Estimated payment $3,424/month

Total Views 5,867
-- Bed
-- Bath
5,490 Sq Ft
$100 Price per Sq Ft

Highlights

  • 0.15 Acre Lot
  • 2-minute walk to Lancaster Avenue And Wallace Street
  • Additional Land
  • Wood Flooring
  • Corner Lot
  • 2-minute walk to Urban Thinkscape

About This Home

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. 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!

Listing Agent

Eric Feinberg

Keller Williams Realty Group Listed on: 11/15/2024

Keller Williams Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1935

Lot Details

  • 6,331 Sq Ft Lot
  • Lot Dimensions are 55 x 115
  • Corner Lot
  • Additional Land

Parking

  • 1 Car Detached Garage
  • Side Facing Garage
  • On-Street Parking
  • Secure Parking

Home Design

  • 5,490 Sq Ft Home
  • Flat Roof Shape

Flooring

  • Wood
  • Carpet

Outdoor Features

  • Patio
  • Porch

Location

  • Urban Location

Utilities

  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 4 Units
  • 3-Story Building

Listing and Financial Details

  • Assessor Parcel Number 061167100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,523

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: To be determined.
  • Inclusions: To be determined.
  • New Construction: No
  • Year Built: 1935
  • Remarks Public: 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. 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!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Carpet, Wood
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 5490
  • Living Area Sq Ft: 5490
  • Price Per Sq Ft: 100.18
  • Above Grade Finished Sq Ft: 5490
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 700-02

Exterior Features

  • Other Structures: Above Grade
  • Exterior Features: Fire Escape, Sidewalks, Street Lights
  • Roof: Flat
  • View: Street
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Secure Parking
  • Garage Features: Garage - Side Entry
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: On Street, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: No

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

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

Lot Info

  • Lot Features: Corner, Additional Lot(s)
  • Lot Size Acres: 0.15
  • Lot Dimensions: 55 X 115
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6331.00
  • Outdoor Living Structures: Porch(es), Patio(s)
  • Year Assessed: 2024
  • Zoning: RM-1

Rental Info

  • Existing Lease Type: Month To Month
  • Vacation Rental: No

Tax Info

  • School Tax: 2532.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 4523.00
  • Assessor Parcel Number: 061167100
  • Tax Year: 2024

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

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 $1,893 $170,800 $34,160 $136,640
2024 $1,893 $170,800 $34,160 $136,640
2023 $1,893 $135,200 $27,040 $108,160
2022 $262 $90,200 $27,040 $63,160
2021 $892 $0 $0 $0
2020 $892 $0 $0 $0
2019 $859 $0 $0 $0
2018 $468 $0 $0 $0
2017 $887 $0 $0 $0
2016 $887 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $63,400 $15,105 $48,295
2012 -- $5,952 $2,547 $3,405
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2025 02/19/25 Price Changed $275,000 +22.2% $88 / Sq Ft
02/18/2025 02/18/25 For Sale $225,000 -59.1% $72 / Sq Ft
01/21/2025 01/21/25 Price Changed $550,000 -8.3% $100 / Sq Ft
11/15/2024 11/15/24 For Sale $600,000 -- $109 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Source: Bright MLS

MLS Number: PAPH2414946

Bright MLS

APN: 061167100

Pennsylvania Philadelphia County Philadelphia 19104 Belmont

700 N 40th St, Philadelphia, PA

This home is located at 700 N 40th St, Philadelphia, PA 19104 and is currently priced at $550,000, approximately $100 per square foot. This property was built in 1935. 700 N 40th St is a home located in Philadelphia County with nearby schools including West Philadelphia High School, Belmont Charter Elementary School, and Our Mother of Sorrows/St. Ignatius of Loyola Catholic School.

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Eric Feinberg
Listing Agent
Eric Feinberg
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Keller Williams Realty Group
(484) 948-5872