Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
BEDS0
BATHS
SQUARE FEET2,950
MLS#PAPH2537876
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPHILADELPHIA CITY
Property Description
327 N 40th Street is a fully stabilized six-unit multifamily property located in the heart of West Powelton Village, adjacent to University City, Philadelphia. Constructed in 2018, the building features large, high-yielding units with premium finishes, private outdoor spaces, and in-unit laundry. The unit mix includes a majority of larger-than-average four-bedroom units, along with two- and three-bedroom units. Positioned just blocks from UPenn, Drexel University, Penn Presbyterian Medical Center, and the Market-Frankford Line, 327 N 40th offers an investor secure long-term returns in one of the city’s strongest rental corridors. The property is currently fully leased and generates $14,835 /month in gross income. Offered at a 8.03% cap rate, the building has over 3 years on the remaining tax abatement and $249/SF. This is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Electric
Heating: Central
Lot Size: 0.07 Acres
Taxes: $2,358
Year Built: 2017
Feature Descriptions
Additional Structures: Above Grade
Days on Site: 187
Exterior: Masonry
Lot Dimensions: 0.07 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: Other
Three Bedroom Units: 6
Units: 1
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Trophy Commercial Real Estate LLC
Agency Phone: 2156085745
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
Estimate Your Payment
Estimated Payment
$ 9,329.59 per month $8,609.55 Principal & Interest $196.50 Property Tax $523.54 Homeowner's Insurance
327 N 40th Street | MLS# PAPH2537876
This multi-family property located at 327 N 40th Street, Philadelphia, PA 19104 is currently listed for sale with an asking price of $1,795,000. N 40th Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.duffyrealestate.com today.