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 threebedroom 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 $14,746/month in gross income. Offered at a 7.74% cap rate, the building has over 3 years on the remaining tax abatement and $238/SF, this is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.
Listed by Saam Tashayyod
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Trophy Commercial Real Estate LLC
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2156085745
Last updated September 15, 2025
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Source: BrightMLS #PAPH2537876
Listing Facts
TypeMulti-family
NeighborhoodWest Powelton
Days on Prevu39
Taxes$2,358/year
Size2,950 sqft
Price per sqft$627
Location
Mortgage Calculator
Listing History
09/15/2025
Listed by Trophy Commercial Real Estate LLC
$1,850,000
Property Details for 327 N 40TH Street
Exterior
Construction
New Construction: No
Number Of Units Total: 1
Stories Total: 3
Year Built: 2017
Architectural Style: Other
Construction Materials: Masonry
Features
Other Structures: Above Grade
Waterfront: No
Measurements
Lot Size Acres: 0.07
Lot Size Source: Estimated
Lot Size Square Feet: 3,049
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $2,358.00
Tax Year: 2024
Interior
Measurements
Living Area: 2,950
Living Area Source: Estimated
Other
Location
Tax Lot: 209
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Central
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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