329 North 40th Street

Philadelphia, PA 19104

$1,850,000
Price
8
Beds
4
Baths
8,000 Sq. Ft.
$231 / Sq. Ft.
8,000
Sq. Ft.
$231
per Sq. Ft.

Description

This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.
  1. Listed by Nanxing Wei • Panphil Realty, LLC
    P: (215)-332-3089 ussinobull@gmail.com

Property Details for 329 North 40th Street

Tax ID Number
881161745
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
UNIVERSITY CITY
Subdivision
UNIVERSITY CITY (PHILADELPHIA PA)
LISTING UPDATED: 09/19/2024 10:25 PM

Property Details for 329 North 40th Street

StatusActive
MLS #PAPH2398888
Days on Market64
Taxes$2,520 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built2018
Lot Size0.06 AC / 2,754 SF
CountyPhiladelphia County

Building Information for 329 North 40th Street

Stories-Residences4Year Built2018Building Size-Lot Size0.06 AC / 2,754 SF

Property Information for 329 North 40th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19104 (19104)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $1,800,000
  • Year Assessed: 2025
  • Improvement Assessed Value: $1,620,000
  • Land Assessed Value: $180,000
  • Land Use Code: H50
  • Zoning: RM1
  • Tax Lot: 173
  • Automatically Update Tax Values Y/N: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
  • Units Leased Count: 6
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 4
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
  • Unit Type Features: 8/31/16
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Beds Total: 4
  • Half Baths Count: 1
  • Full Baths Count: 2
  • Unit Type Baths Total: 3
  • Unit Type Features: 8/31/16
Financial Information
Financial Information
  • Existing Lease Type: Long Term
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 8,000.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1027312
  • Ground Rent Exists: No
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Metro Centre Association of REALTORS

Property History for 329 North 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 329 North 40th Street

Taxable ValueLand-Additions-Total-
Tax Record2023$1,451 ($121 / month)
Home Facts
Total Finished SqFt30,400 SqFtAbove Grade Finished SqFt30,400 SqFtStories4Lot Size2,736 SqFtStyleMulti-Family Res (5+ Units)Year Built2018ZoningRM1CountyPHILADELPHIAAPN88-1-1617-45

Schools near 329 North 40th Street

This home is within The School District of Philadelphia.
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

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.

Neighborhood Map and Transit

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

329 North 40th Street is a multi-family home for sale in Philadelphia, PA 19104. This property was listed for sale on September 19, 2024 by Panphil Realty, LLC, it's currently listed at $1,850,000. It has been on the market for a total of 64 days and was last sold on February 22, 2017. This listing's school district is The School District of Philadelphia. Nearby schools include Powel Samuel School, Science Leadership Academy Middle School and West Philadelphia High School. 329 North 40th Street is a 8-bed, 4-bath, 8,000 sqft multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Panphil Realty, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.