327 N 40th St, Philadelphia, PA 19104

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
327 N 40th St,Philadelphia, PA 19104
$1,795,000
  • 18 Beds
  • - Baths
  • 2,950 sq. ft.
  • Multi-family
  • Active
Listed by: saam tashayyod
Office: trophy commercial real estate llc.
MLS#:PAPH2537876
Source:BRIGHTMLS

Price summary

  • Price:$1,795,000
  • Price per sq. ft.:$608.47

About this home

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 three-bedroom 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 $14,835 /month in gross income. Offered at a 8.03% cap rate, the building has over 3 years on the remaining tax abatement and $249/SF. This is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.

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Home facts

  • Year built:2017
  • Listing ID #:PAPH2537876
  • Added:195 day(s) ago
  • Updated:March 30, 2026 at 01:32 PM

Rooms and interior

  • Bedrooms:18
  • Living area:2,950 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Central, Electric

Structure and exterior

  • Year built:2017
  • Building area:2,950 sq. ft.
  • Lot area:0.07 Acres
  • Construction Materials:Masonry

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,795,000
  • Price per sq. ft.:$608.47
  • Tax amount:$2,358 (2024)

Parking

  • Parking description:On Street

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