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
·
License #AB068621
·
Panphil Realty, LLC
·
2153323089
Last updated December 10, 2025
·
Source: BrightMLS #PAPH2398888
Listing Facts
TypeMulti-family
NeighborhoodWest Powelton
Days on Prevu449
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
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 329 N 40TH Street.
What are the annual taxes for 329 N 40TH Street?
Annual taxes for this multi-family home are estimated at $2,520.
How does 329 N 40TH Street compare to other multi-family homes in West Powelton?
This multi-family home is listed 57% above the average price for multi-family homes in West Powelton and has been on the market for 349 more 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 8,000 sqft.
329 N 40TH Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19104. On Prevu for 449 days at $1,750,000. This includes a recent price decrease of $100,000. This residence features 8,000 square feet of living space, located in West Powelton. The median listing price for multi-family homes in this area is $450,000. 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.
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.