ATTENTION Investors and Builders!! Great opportunity in one of the fastest growing zip codes in Philadelphia, University City! LOCATION LOCATION LOCATION...get in now while you still can. University City is one of the fastest growing sections of the city with tons of rental demand from Drexel University, Penn University, and young professionals. The Schuylkill Yards Development is proceeding and going to double or triple values here. These 2 HUGE CORNER lots have tons of development potential. ZONED RM-1 and 55 FEET WIDE BY 115 FEET DEEP!!! 700 North 40th Street is 25 feet wide and 702 North 40th Street is 30 feet wide according to public record and both lots are 115 feet deep. Seller requires properties to be sold as a package. With the possibility to develop 14 apartments OR MORE, this is a can't miss opportunity. Bring your offers fast, this one won't last long! Properties are being sold AS-IS!
Listed by Eric D Feinberg
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License #RS318964
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Keller Williams Realty Group
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4849485872
Last updated February 19, 2025
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Source: BrightMLS #PAPH2446798
Listing Facts
TypeSingle-family
NeighborhoodBelmont
Bedrooms4
Bathrooms4
Days on Prevu202
Taxes$2,753/year
Size2,370 sqft
Price per sqft$116
Location
Mortgage Calculator
Listing History
02/19/2025
Price Increased
$275,000
02/18/2025
Listed by Keller Williams Realty Group
$225,000
Property Details for 702 N 40TH Street
Exterior
Construction
New Construction: No
Roof: Flat
Year Built: 1935
Architectural Style: Other
Construction Materials: Masonry
Features
Other Structures: Above Grade, Below Grade
Waterfront: No
Measurements
Lot Dimensions Source: Assessor
Lot Size Acres: 0.08
Lot Size Dimensions: 30
Lot Size Source: Assessor
Lot Size Square Feet: 3,450
Lot Size Units: Square Feet
Financial
Taxes
Tax Annual Amount: $2,753.00
Tax Year: 2024
Interior
Features
Fireplace: No
Flooring: Carpet, Wood
Measurements
Living Area: 2,370
Living Area Source: Assessor
Rooms
Basement: Unfinished
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 4
Main Level Bedrooms: 4
Other
General
Exclusions: To be determined.
Senior Community: No
Location
Subdivision Name: UNIVERSITY CITY
Tax Lot: 3
Parking
Parking
Garage: No
Utilities
Equipment
Heating: Baseboard - Hot Water
Has Heating: Yes
Sewer: Public Sewer
Water Source: Public
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