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
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
Agent Name: Corinne Hankins
Agent Phone: (717) 877-4480
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First AmericanEstimate Your Payment
Estimated Payment
$ 4,714.93 per month $3,994.89 Principal & Interest $196.50 Property Tax $523.54 Homeowner's Insurance
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
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.hankinshomes.com today.