321 North 40th Street
Listed By Compass
Listed By Compass
Description
The apartments showcase high-quality finishes, including hardwood flooring, granite and stainless-steel kitchens with Shaker cabinetry, dishwashers, built-in microwaves, and tile bathrooms. Each unit includes...This fully occupied five-unit building commands an annual gross rental income of over $128,000. Constructed in 2016, it benefits from a tax abatement that will continue through 2026. Each unit is equipped with separate utilities and dedicated HVAC systems, ensuring optimal comfort and efficiency.
The apartments showcase high-quality finishes, including hardwood flooring, granite and stainless-steel kitchens with Shaker cabinetry, dishwashers, built-in microwaves, and tile bathrooms. Each unit includes its own washer and dryer, and all but one apartment is partially furnished. Additionally, a spacious unfinished basement provides ample storage.
The property consists of two 5-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and two 2-bedroom, 1-bath units.
Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.
Listing Agents
![Jordan Wiener]()
jordan.wiener@compass.comP: (610)-996-6000
![Susan Henley]()
susan.henley@compass.comP: (610)-246-9310
Property Details for 321 North 40th Street
Property Details for 321 North 40th Street
| Status | Active |
|---|---|
| MLS # | PAPH2411534 |
| Days on Market | 46 |
| Taxes | $1,618 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 2016 |
| Lot Size | 0.05 AC / 2,085 SF |
| County | Philadelphia County |
| Buyer's Agent Compensation | 2.5% |
Building
321 N 40th St
Building Information for 321 North 40th Street
Property Information for 321 North 40th Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19104 (19104)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $115,630
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $0
- City Town Tax: $712
- Land Assessed Value: $115,630
- Clean Green Assessed: No
- Land Use Code: CA0
- Zoning: RM1
- Tax Lot: 366
- School Tax: $906
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
- Units Leased Count: 5
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Full Baths Count: 1
- Type: Unit 5
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 5
- Full Baths Count: 2
- Type: Unit 4
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 5
- Full Baths Count: 2
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Full Baths Count: 1
- Type: Unit 1
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 4
- Full Baths Count: 2
- Existing Lease Type: Yearly
- Building Units Total: 4
- Total Finished SQFT: 5,792.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 5,792.00
- Total SQFT: 5,792.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Basement Type: Unfinished
- Foundation Details: Concrete Perimeter
- Lot Size Source: Assessor
- Lot Size Dimensions: 21.00 x 100.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1027309
- Type Of Parking: None
- Fireplace: No
- Accessibility Features: Other
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C, Zoned
- Cooling Fuel: Electric
- Heating Type: Central, Zoned
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Tri-County Suburban REALTORS
- List Agent URL: www.jordanwiener.com
Property History for 321 North 40th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 321 North 40th Street
Schools near 321 North 40th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Powel Samuel School PublicK to 4 | ||
Science Leadership Academy Middle School Public5 to 8 | ||
West Philadelphia High School Public9 to 12 | ||
Paul Robeson High School For Human Services Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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