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.
Listed by Nanxing Wei
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License #AB068621
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Panphil Realty, LLC
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2153323089
Last updated July 01, 2025
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Source: BrightMLS #PAPH2398888
Listing Facts
TypeMulti-family
NeighborhoodWest Powelton
Days on Prevu353
Taxes$2,520/year
Size8,000 sqft
Price per sqft$219
Location
Mortgage Calculator
Listing History
03/19/2025
Price Decreased
$1,750,000
09/19/2024
Listed by Panphil Realty, LLC
$1,850,000
Property Details for 329 N 40TH Street
Exterior
Construction
New Construction: No
Number Of Units Total: 4
Property Condition: Excellent
Year Built: 2018
Architectural Style: Other
Construction Materials: Brick
Features
Other Structures: Above Grade
Waterfront: No
Measurements
Lot Size Acres: 0.06
Lot Size Source: Estimated
Lot Size Square Feet: 2,754
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $2,520.00
Tax Year: 2025
Interior
Features
Fireplace: No
Measurements
Living Area: 8,000
Living Area Source: Estimated
Rooms
Basement: Full
Has Basement: Yes
Rooms Total: 20
Other
Location
Subdivision Name: UNIVERSITY CITY
Tax Lot: 173
Parking
Parking
Garage: No
Utilities
Equipment
Cooling: Central A/C
Heating: Forced Air
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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