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Sold for $615,000
  • $615,000

    312 N 40th St, Philadelphia, PA 19104

    10beds
    5baths
    4,324sqft
    Duplex
    Built in 1920
    -- sqft lot
    $652,900 Zestimate®
    $142/sqft
    $1,503 Estimated rent

    Home value

    $652,900

    $601,000 - $712,000

    $1,503/mo

    Zestimate® history
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    $1,503/mo

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    $3,796/mo

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    $3,796/mo

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    What's special

    Large rear yardGranite countertops
    Investor Owner Opportunity! This spacious duplex spans over 4200+ sqft, featuring two units and outdoor space, making it an attractive investment in the heart of University City. Located less than half a mile from both Drexel University and the University of Pennsylvania campuses, this property is strategically positioned for student housing demand.Unit A boasts five bedrooms and two bathrooms, while Unit B offers five bedrooms and three bathrooms. The property stands as a standalone structure with separately metered utilities, ensuring efficiency and convenience. Each unit is equipped with in-unit washers and dryers, kitchens adorned with granite countertops and stainless steel appliances, and a sizable rear yard accessible from Unit A and externally from Unit B. The investment potential is underscored by the property's current monthly rental income of $4,750. Although currently vacant, this presents a prime opportunity for investors to capitalize on the burgeoning demand for housing in the area. This investment opportunity is situated in a redeveloped area boom, witnessing substantial growth and transformation over the past 8-10 years. Its proximity to both Drexel and Penn universities makes it an attractive choice for students and professionals alike. Convenience is key, with the property just two blocks away from Presbyterian Hospital, the 40th Street Station of the Market-Frankford Line, Penn’s LUCY bus, and the vibrant 40th Street amenities, including restaurants, shops, and a supermarket between Market and Walnut Streets. Transportation is a breeze with easy access to the Bus route 40 and the Drexel bus, both just a half block away. Moreover, the property falls within the night patrol area of Drexel. Don't miss out on this exceptional investment opportunity in a thriving and strategically located University City neighborhood!

    Zillow last checked:

    Listing updated:

    Listed by:

    James McFadden 267-980-0166,

    Kurfiss Sotheby's International Realty,

    Listing Team: Team Whetzel, Co-Listing Team: Team Whetzel,Co-Listing Agent: Camilla F Whetzel 215-870-3138,

    Kurfiss Sotheby's International Realty

    Bought with:

    Pierre Eade, 2183525

    Homestarr Realty

    Source: Bright MLS,MLS#: PAPH2297268MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Flooring: Wood, Tile/Brick
    • Windows: Energy Efficient
    • Basement: Full,Finished
    • Has fireplace: No
    Interior area
    • Total structure area: 4,324
    • Total interior livable area: 4,324 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 2,875 sqft
    • Dimensions: 25.00 x 115.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 061162500
    • Zoning: RM1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Duplex
    Materials
    • Masonry
    • Foundation: Concrete Perimeter
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1920
    • Major remodel year: 2014

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available

    Community & neighborhood

    Security
    • Security features: Fire Sprinkler System
    Location
    • Region: Philadelphia
    • Subdivision: Powelton Village
    • Municipality: PHILADELPHIA

    Other

    Other facts
    • Listing agreement: Exclusive Agency
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    3/29/2024Sold$615,000-15.2%$142/sqft
    Source: Bright MLS #PAPH2297268 Report a problem
    3/6/2024Contingent$725,000$168/sqft
    Source: Bright MLS #PAPH2297268 Report a problem
    11/13/2023Listed for sale$725,000-3.3%$168/sqft
    Source: Bright MLS #PAPH2297268 Report a problem
    8/9/2023Listing removed--
    Source: Bright MLS #PAPH2172222 Report a problem
    3/25/2023Price change$750,000-8.5%$173/sqft
    Source: Bright MLS #PAPH2172222 Report a problem
    1/17/2023Listed for sale$820,000-8.9%$190/sqft
    Source: Bright MLS #PAPH2172222 Report a problem
    12/16/2022Listing removed$900,000$208/sqft
    Source: Bright MLS #PAPH2172222 Report a problem
    10/26/2022Listed for sale$900,000+50%$208/sqft
    Source: Bright MLS #PAPH2172222 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    8/22/2015Listing removed$2,650$1/sqft
    Source: Owner Report a problem
    7/26/2015Listed for rent$2,650+6.2%$1/sqft
    Source: Owner Report a problem
    3/25/2015Sold$600,000-7.7%$139/sqft
    Source: Agent Provided Report a problem
    10/29/2014Price change$649,900-7%$150/sqft
    Source: HOUSEPAD LLP #6456140 Report a problem
    9/14/2014Listed for sale$699,000$162/sqft
    Source: HOUSEPAD LLP #6456140 Report a problem
    9/11/2014Listing removed$2,495$1/sqft
    Source: Owner Report a problem
    8/12/2014Listed for rent$2,495$1/sqft
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: West Powelton

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: The School District Of Philadelphia

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $652,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $652,900