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For sale
    • Price cut: $5.1K (8/13)
    $324,900

    540 E Penn St, Philadelphia, PA 19144

    7beds
    2,256sqft
    : 
    $2,028/mo
    Get pre-qualified
    Townhouse
    Built in 1900
    1,127 Square Feet Lot
    $-- Zestimate®
    $144/sqft
    $-- HOA

    What's special

    Modern updatesGenerous living spaceExpansive home
    540 E. Penn Street | Exceptional Investment Opportunity Welcome to 540 E. Penn Street, a spacious 7-bedroom, 4-bathroom property offering an outstanding opportunity for investors seeking immediate rental income. Located in the desirable East Germantown neighborhood, this expansive home was renovated in 2025 and is currently tenant occupied, allowing the new owner to begin collecting rental income from day one. The property is equipped with a refrigerator, range, and microwave, making it a truly turnkey investment. With generous living space and modern updates, this home is well-positioned to continue attracting long-term tenants. Offered As-Is, this property may be purchased individually or as part of a three-property, rent-ready investment portfolio, making it an excellent addition for both seasoned and first-time investors. Don’t miss the opportunity to own a cash-flowing asset in one of Philadelphia’s growing neighborhoods.
    41 days
    |
    183
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ben Cathey 215-275-7594,

    Realty Mark Associates 2153764444

    Source: Bright MLS,MLS#: PAPH2646368MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 4
      • Main level bedrooms: 7
      Basement
      • Area: 500
      Heating
      • Forced Air, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Dryer, Oven/Range - Gas, Stainless Steel Appliance(s), Washer, Gas Water Heater
      • Laundry: Has Laundry
      Features
      • Floor Plan - Traditional, Recessed Lighting, Upgraded Countertops, 9'+ Ceilings, Dry Wall
      • Flooring: Luxury Vinyl
      • Basement: Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,256
      • Total interior livable area: 2,256 sqft
      • Finished area above ground: 1,756
      • Finished area below ground: 500

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Three
      • Stories: 3
      • Pool features: None
      Lot
      • Size: 1,127 Square Feet
      • Dimensions: 15.00 x 75.00
      • Features: Urban
      Details
      • Additional structures: Above Grade, Below Grade
      • Parcel number: 121142300
      • Zoning: RSA5
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Townhouse
      • Architectural style: Traditional
      • Property subtype: Townhouse
      Materials
      • Masonry
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Very Good
      • New construction: No
      • Year built: 1900
      • Major remodel year: 2025

      Utilities & green energy

      • Electric: 100 Amp Service
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Sewer Available, Water Available

      Community & HOA

      Community
      • Subdivision: Germantown (east)
      HOA
      • Has HOA: No
      Location
      • Region: Philadelphia
      • Municipality: PHILADELPHIA

      Financial & listing details

      • Price per square foot: $144/sqft
      • Tax assessed value: $111,300
      • Annual tax amount: $1,557
      • Date on market: 7/14/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Inclusions: Washer / Dryer, Refrigerator, Range, Microwave
      • Exclusions: Tenant's Property
      • Ownership: Fee Simple
      • Total actual rent: 29688

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,336/mo

        Price history

        DateEventPrice
        8/13/2026Price change$324,900-1.5%$144/sqft
        Source: Bright MLS #PAPH2646368 Report a problem
        7/15/2026Listed for sale$330,000+112.9%$146/sqft
        Source: Bright MLS #PAPH2646368 Report a problem
        1/8/2026Listing removed$2,995$1/sqft
        Source: Zillow Rentals Report a problem
        10/27/2025Listed for rent$2,995+5.1%$1/sqft
        Source: Zillow Rentals Report a problem
        10/11/2025Listing removed$2,850$1/sqft
        Source: Bright MLS #PAPH2529720 Report a problem
        10/1/2025Price change$2,850-4.8%$1/sqft
        Source: Bright MLS #PAPH2529720 Report a problem
        9/3/2025Price change$2,995-3.4%$1/sqft
        Source: Bright MLS #PAPH2529720 Report a problem
        8/26/2025Price change$3,100-4.6%$1/sqft
        Source: Bright MLS #PAPH2529720 Report a problem
        8/20/2025Listed for rent$3,250+35.4%$1/sqft
        Source: Bright MLS #PAPH2529720 Report a problem
        3/4/2025Sold$155,000-13.9%$69/sqft
        Source: Bright MLS #PAPH2312844 Report a problem
        10/28/2024Pending sale$180,000$80/sqft
        Source: Bright MLS #PAPH2312844 Report a problem
        10/20/2024Listed for sale$180,000$80/sqft
        Source: Bright MLS #PAPH2312844 Report a problem
        6/28/2024Pending sale$180,000$80/sqft
        Source: Bright MLS #PAPH2312844 Report a problem
        5/13/2024Price change$180,000-16.3%$80/sqft
        Source: Bright MLS #PAPH2312844 Report a problem
        3/14/2024Price change$215,000-4%$95/sqft
        Source: Bright MLS #PAPH2312844 Report a problem
        11/21/2023Listed for sale$224,000$99/sqft
        Source: Bright MLS #PAPH2298390 Report a problem
        11/21/2023Listing removed$224,000$99/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        10/30/2023Price change$224,000-0.4%$99/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        8/24/2023Price change$224,9990%$100/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        7/17/2023Price change$225,000-10%$100/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        5/1/2023Price change$250,000-16.7%$111/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        6/27/2022Price change$300,000+36.4%$133/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        1/13/2022Price change$220,000-12%$98/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        3/10/2021Listed for sale$250,000+354.5%$111/sqft
        Source: Bright MLS #PAPH988812 Report a problem
        8/9/2019Listing removed$2,400$1/sqft
        Source: Zillow Rental Manager Report a problem
        8/13/2018Sold$55,000+88%$24/sqft
        Source: Public Record Report a problem
        8/25/2017Sold$29,250+192.5%$13/sqft
        Source: Public Record Report a problem
        7/17/2017Sold$10,000-89.9%$4/sqft
        Source: Public Record Report a problem
        4/12/2012Sold$99,000+135.7%$44/sqft
        Source: Public Record Report a problem
        9/22/2009Sold$42,000$19/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,558 +35.6%$111,300 +35.6%
        2024$1,149 $82,100
        2023$1,149 +15.5%$82,100
        2022$995 --
        2021$995 -4.3%--
        2018$1,040 --
        2017$1,040 -19.1%--
        2016$1,285 --
        2015$1,285 --
        2014$1,285 +11%$86,400 +3702.8%
        2012$1,158 $2,272
        2011-- $2,272
        2010-- $2,272
        2009-- $2,272
        2008-- $2,272
        2007-- $2,272
        2006-- $2,272
        2005-- $2,272
        2004-- $2,272 +16.4%
        2003-- $1,952
        2002-- $1,952 +29.8%
        2000-- $1,504
        1999-- $1,504
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: Germantown East

        Getting around

        77 / 100
        Very Walkable
        65 / 100
        Good Transit
        42 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Philadelphia City

        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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