929 N 40th St, Philadelphia, PA 19104

Philadelphia
Local realty services provided by:Better Homes and Gardens Real Estate Murphy & Co.
929 N 40th St,Philadelphia, PA 19104
$1,188,250
  • - Beds
  • - Baths
  • 5,032 sq. ft.
  • Multi-family
  • Active
Listed by: alyce gerhardt, ryan j mcmanus
Office: keller williams liberty place
MLS#:PAPH2673176
Source:BRIGHTMLS

Price summary

  • Price:$1,188,250
  • Price per sq. ft.:$236.14

About this home

929 N 40th Street presents a strong mixed-use investment opportunity with immediate cash flow, diversified income, and built-in rent growth. This property features six income-producing spaces, including one commercial unit and five residential units. The property currently generates $8,992 in monthly gross income, totaling $107,904 in annual gross income. Based on the provided expenses, the property produces an estimated annual NOI of approximately $101,808–$101,908, in-place cap rate of 8%. The commercial space is leased at $2,250 per month on a 5-year lease with 3% annual increases, providing investors with stable income and built-in rent growth. Residential rents include Unit A at $1,150/month, Unit B at $1,692/month, Unit C at $1,300/month, Unit D at $1,300/month, and Unit E at $1,300/month. Property Highlights: • Mixed-use investment with commercial and residential income • Six income-producing spaces • Current monthly gross income: $8,992 • Annual gross income: $107,904 •...

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Home facts

  • Year built:2025
  • Listing ID #:PAPH2673176
  • Added:1 day(s) ago
  • Updated:September 23, 2026 at 01:39 PM

Rooms and interior

  • Living area:5,032 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:2025
  • Building area:5,032 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Brick

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,188,250
  • Price per sq. ft.:$236.14
  • Tax amount:$100 (2025)

Parking

  • Parking description:On Street

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