723 N 40th St Philadelphia, PA 19104
Mantua Neighborhood
--
Bed
--
Bath
2,680
Sq Ft
1,785
Sq Ft Lot
Highlights
- Traditional Architecture
- 3-minute walk to Lancaster Avenue And Wallace Street
- Hot Water Heating System
- Home Security System
- Forced Air Heating and Cooling System
- 3-minute walk to Urban Thinkscape
About This Home
As of February 2025Your 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 Agent to Sell the Property
United Real Estate License #RS357929 Listed on: 10/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,439
Year Built
- Built in 1915 | Remodeled in 2022
Parking
- On-Street Parking
Home Design
- 2,680 Sq Ft Home
- Triplex
- Traditional Architecture
- Stone Foundation
- Masonry
Kitchen
- Electric Oven or Range
- Built-In Microwave
- Dishwasher
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Hot Water Heating System
Additional Features
- Stacked Washer and Dryer
- 1,785 Sq Ft Lot
- Unfinished Basement
Community Details
- 3 Units
- Belmont Subdivision
Listing and Financial Details
- Tax Lot 184\
- Assessor Parcel Number 243113800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2024
Closed on
Feb 20, 2025
Sold by
723 N 40Th Llc
Bought by
Eneanya Uchenna
Seller's Agent
Joy Johnson
United Real Estate
Buyer's Agent
Candy Manning
Coldwell Banker Realty
List Price
$599,900
Sold Price
$577,500
Premium/Discount to List
-$22,400
-3.73%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,398
Avg. Annual Appreciation
0.00%
Original Mortgage
$433,125
Outstanding Balance
$431,343
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$146,163
Purchase Details
Closed on
Jul 7, 2020
Sold by
Dentley Arthur
Bought by
723 N 40Th Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 14, 2017
Sold by
Dentley Dentley Hampton Hampton and Dentley Brothers
Bought by
Dentley Arthur
Purchase Details
Closed on
Feb 23, 2010
Sold by
Dentley Hampton and Dentley Arthur
Bought by
Dentley Brothers
Purchase Details
Closed on
Oct 15, 2004
Sold by
Dentley Hampton and Estate Of Johnnie Dentley
Bought by
Dentley Hampton and Dentley Arthur
Similar Homes in Philadelphia, PA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $577,500 | None Listed On Document | |
| Deed | $115,000 | Springfield Abstract Inc | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $17,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $433,125 | New Conventional | |
| Previous Owner | $423,750 | New Conventional | |
| Previous Owner | $325,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2025 02/25/25 | Sold | $577,500 | -3.6% | $215 / Sq Ft |
| 01/15/2025 01/15/25 | Pending | -- | -- | -- |
| 01/03/2025 01/03/25 | Price Changed | $599,000 | -0.2% | $224 / Sq Ft |
| 01/02/2025 01/02/25 | For Sale | $599,900 | 0.0% | $224 / Sq Ft |
| 01/02/2025 01/02/25 | Off Market | $599,900 | -- | -- |
| 10/28/2024 10/28/24 | For Sale | $599,900 | -- | $224 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,439 | $651,200 | $130,200 | $521,000 |
| 2024 | $6,439 | $651,200 | $130,200 | $521,000 |
| 2023 | $10,582 | $460,000 | $92,000 | $368,000 |
| 2022 | $1,674 | $756,000 | $151,200 | $604,800 |
| 2021 | $1,674 | $0 | $0 | $0 |
| 2020 | $1,674 | $0 | $0 | $0 |
| 2019 | $1,613 | $0 | $0 | $0 |
| 2018 | $1,382 | $0 | $0 | $0 |
| 2017 | $1,382 | $0 | $0 | $0 |
| 2016 | $1,382 | $0 | $0 | $0 |
| 2015 | $1,323 | $0 | $0 | $0 |
| 2014 | -- | $98,700 | $9,378 | $89,322 |
| 2012 | -- | $5,568 | $4,096 | $1,472 |
Source: Public Records
Agents Affiliated with this Home
-
Joy Johnson
Seller's Agent in 2025
Joy Johnson
United Real Estate
(215) 910-2683
1 in this area
38 Total Sales
-
Candy Manning
Buyer's Agent in 2025
Candy Manning
Coldwell Banker Realty
(267) 838-3437
1 in this area
46 Total Sales
Map
Source: Bright MLS
MLS Number: PAPH2414572
APN: 243113800
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