This fully occupied five-unit building commands an annual gross rental income of over $132,000. Each unit is equipped with separate utilities and dedicated HVAC systems, ensuring optimal comfort and efficiency. The apartments showcase high-quality finishes, including hardwood flooring, granite and stainless-steel kitchens with Shaker cabinetry, dishwashers, built-in microwaves, and tile bathrooms. Each unit includes its own washer and dryer, and all but one apartment is partially furnished. Additionally, a spacious unfinished basement provides ample storage. The property consists of two 5-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and two 2-bedroom, 1-bath units. Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.
For sale
$1,500,000
321 N 40th St, Philadelphia, PA 19104
13beds
6baths
5,792sqft
Multi Family
Built in 2016
-- sqft lot
$-- Zestimate®
$259/sqft
$-- HOA
What's special
High-quality finishesStainless-steel kitchensSeparate utilitiesHardwood flooringShaker cabinetryBuilt-in microwavesTile bathrooms
- --
- on Zillow
- 143
- views
- 21
- saves
Zillow last checked:
Listing updated:
Listed by:
Jordan Wiener 610-996-6000,
Compass RE 6108223356,
Co-Listing Agent: Susan J Henley 610-246-9310,
Compass RE
Source: Bright MLS,MLS#: PAPH2675566
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 6
Basement
- Area: 0
Heating
- Central, Zoned, Electric
Cooling
- Central Air, Zoned, Electric
Appliances
- Included: Electric Water Heater
Features
- Flooring: Wood
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 5,792
- Total interior livable area: 5,792 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: Other
Features
- Pool features: None
Lot
- Size: 2,085 Square Feet
- Dimensions: 21.00 x 100.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 881161690
- Zoning: RM1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick, Stucco
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 2016
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $259/sqft
- Tax assessed value: $115,630
- Annual tax amount: $1,618
- Date on market: 10/5/2026
- Listing agreement: Exclusive Right To Sell
- Inclusions: All Refrigerators, Washers And Dryers
- Exclusions: Tenants' Furniture.
- Ownership: Fee Simple
- Total actual rent: 126498
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2025 | Listing removed | $1,575,000$272/sqft |
Source:  Bright MLS #PAPH2411534 Report a problem | ||
| 10/18/2024 | Listed for sale | $1,575,000-1.3%$272/sqft |
Source: Bright MLS #PAPH2411534 Report a problem | ||
| 7/27/2023 | Listing removed | $1,595,000$275/sqft |
Source: Bright MLS #PAPH2211464 Report a problem | ||
| 3/13/2023 | Listed for sale | $1,595,000+22.7%$275/sqft |
Source: Bright MLS #PAPH2211464 Report a problem | ||
| 9/24/2020 | Sold | $1,300,000-6.5%$224/sqft |
Source: Agent Provided Report a problem | ||
| 6/25/2020 | Price change | $1,390,000-2.8%$240/sqft |
Source: Panphil Realty LLC #PAPH867538 Report a problem | ||
| 2/1/2020 | Listed for sale | $1,430,000+281.3%$247/sqft |
Source: Panphil Realty LLC #PAPH867538 Report a problem | ||
| 4/6/2019 | Listing removed | $1,320 |
Source: Young Tempo Housing LLC Report a problem | ||
| 2/1/2019 | Listed for rent | $1,320+1.5% |
Source: Young Tempo Housing LLC Report a problem | ||
| 4/16/2018 | Listing removed | $1,300 |
Source: Young Tempo Housing LLC Report a problem | ||
| 2/17/2018 | Listed for rent | $1,300-52.7% |
Source: Young Tempo Housing LLC Report a problem | ||
| 3/10/2017 | Listing removed | $2,750 |
Source: Owner Report a problem | ||
| 2/8/2017 | Listed for rent | $2,750 |
Source: Owner Report a problem | ||
| 5/15/2014 | Sold | $375,000$65/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $20,177 | -- |
| 2015 | $20,177 | -- |
| 2014 | $20,177 +629.2% | $206,500 +2481.3% |
| 2012 | $2,767 | $8,000 |
| 2011 | -- | $8,000 |
| 2010 | -- | $8,000 |
| 2009 | -- | $8,000 |
| 2008 | -- | $8,000 |
| 2007 | -- | $8,000 |
| 2006 | -- | $8,000 |
| 2005 | -- | $8,000 +4.2% |
| 2004 | -- | $7,680 |
| 2003 | -- | $7,680 +37.1% |
| 2002 | -- | $5,600 |
| 2000 | -- | $5,600 |
| 1999 | -- | $5,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: West Powelton
Nearby schools
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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