723 North 40th Street

Philadelphia, PA 19104

$599,900
Price
6
Beds
3
Baths
2,680 Sq. Ft.
$224 / Sq. Ft.
2,680
Sq. Ft.
$224
per Sq. Ft.

Description

Your 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...Your 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!
  1. Listed by Joy Johnson • United Real Estate
    P: (609)-534-0212 realtorjoymarie@gmail.com

Property Details for 723 North 40th Street

Tax ID Number
243113800
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Traditional
Waterfront
No
Garage
No
Subdivision
BELMONT
Subdivision
BELMONT (PHILADELPHIA PA)
LISTING UPDATED: 11/10/2024 04:00 PM

Property Details for 723 North 40th Street

StatusActive
MLS #PAPH2414572
Days on Market25
Taxes$6,439 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1915
Lot Size0.04 AC / 1,785 SF
CountyPhiladelphia County

Building Information for 723 North 40th Street

Stories-Residences3Year Built1915Building Size-Lot Size0.04 AC / 1,785 SF

Property Information for 723 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: 2024
  • Tax Assessed Value: $460,000
  • Year Assessed: 2024
  • Improvement Assessed Value: $368,000
  • City Town Tax: $2,833
  • Land Assessed Value: $92,000
  • Clean Green Assessed: No
  • Land Use Code: N50
  • Zoning: RSA5
  • Zoning Dscrp: Legal Triplex
  • Tax Lot: 184\
  • School Tax: $3,605
  • 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: 3
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: All
  • Number Of Units Month To Month: 3
Multi Family
Unit 1
  • Type: Unit 1
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Level: 2
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Level: 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Financial Information
  • Existing Lease Type: Month to Month
Building Info
Building Info
  • Year Major Reno Remodel: 2022
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1029439
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Built-In Microwave, Oven/Range - Electric, Refrigerator, Washer/Dryer Stacked, Dishwasher
  • Accessibility Features: None
  • Security Features: Security System
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Natural Gas
  • Heating Type: Forced Air, Hot Water
  • Heating Fuel: Natural Gas
  • Hot Water: Other
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Fuses, Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 723 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 723 North 40th Street

Taxable ValueLand$92,000Additions$368,000Total$460,000
Tax Record2023$6,439 ($537 / month)
Home Facts
Total Finished SqFt2,680 SqFtAbove Grade Finished SqFt2,680 SqFtStories3Lot Size1,785 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningRSA5CountyPHILADELPHIAAPN24-3-1138-00

Schools near 723 North 40th Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - 5 to 12
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Masterman Julia R Secondary School
Public5 to 12

Middle Years Alternative School
Public6 to 8

West Philadelphia High School
Public9 to 12

Philadelphia Learning Academy - South
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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723 North 40th Street is a multi-family home for sale in Philadelphia, PA 19104. This property was listed for sale on October 28, 2024 by United Real Estate, it's currently listed at $599,900. This listing's school district is The School District of Philadelphia. Nearby schools include Masterman Julia R Secondary School, Middle Years Alternative School and West Philadelphia High School. 723 North 40th Street is a 6-bed, 3-bath, 2,680 sqft multi-family home built in 1915.

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 United Real Estate

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.