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321 N 40TH Street, Philadelphia PA 19104
321 N 40TH Street, Philadelphia PA 19104
Pennsylvania>Philadelphia>West Powelton

321 N 40TH StreetPhiladelphia, PA 19104

For Sale

$1,500,000

Smart Buyer Rebate $15,000

This fully occupied five-unit building commands an annual gross rental income of over $132,000. 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.

Listed by Jordan B Wiener

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License #RS229414

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Compass Pennsylvania, LLC

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6109966000

Last updated October 20, 2026

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Source: Bright #PAPH2675566

Listing Facts

  • TypeMulti-family
  • NeighborhoodWest Powelton
  • Days on Prevu26
  • Taxes$1,618/year
  • Size5,792 sqft
  • Price per sqft$259

Location

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Listing History

10/05/2026
Listed by Compass Pennsylvania, LLC
$1,500,000
  1. 10/05/2026$1,500,000
    Listed by Compass Pennsylvania, LLC

Property Details for 321 N 40TH Street

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 4
  • Roof: Flat
  • Year Built: 2016
  • Architectural Style: Other
  • Construction Materials: Brick, Stucco

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.05
  • Lot Size Dimensions: 21
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 2,085
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 7.49
  • Gross Income: $132,084.00

Taxes

  • Tax Annual Amount: $1,618.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No
  • Flooring: Wood

Measurements

  • Living Area: 5,792
  • Living Area Source: Assessor

Rooms

  • Basement: Unfinished
  • Has Basement: Yes

Other

Features

  • Accessibility Features: Other

General

  • Exclusions: Tenants' furniture.

Location

  • Tax Lot: 366

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C, Zoned
  • Heating: Central, Zoned
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 321 N 40TH Street.

What are the annual taxes for 321 N 40TH Street?

Annual taxes for this multi-family home are estimated at $1,618.

How does 321 N 40TH Street compare to other multi-family homes in West Powelton?

This multi-family home is listed 90% above the average price for multi-family homes in West Powelton and has been on the market for 46 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 5,792 sqft.

321 N 40TH Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19104. Listed on Prevu for 26 days at $1,500,000. This property features 5,792 square feet of living space, located in West Powelton. The median listing price for multi-family homes in this area is $390,000. Browse more multi-family home listings in Philadelphia.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright BRIGHT, All Rights Reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.