929 N 40th: a 6-unit mixed-use income property featuring five units along with a commercial storefront leased providing predictable income growth. The property currently has all units rented offering immediate upside through lease-up and potential rent optimization. With diversified income streams, contractual commercial rent escalations, and strong residential demand for smaller units, this asset presents a compelling opportunity for investors seeking stable cash flow. New construction with tax abatement.
New construction
$1,265,000
929 N 40th St, Philadelphia, PA 19104
5beds
--baths
5,032sqft
:
Get pre-qualified$8,011/mo
Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$251/sqft
$-- HOA
What's special
- 15 days |
- 68 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Alyce Gerhardt 570-690-8064,
Keller Williams Liberty Place 6093995454
Source: Bright MLS,MLS#: PAPH2646188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
Basement
- Area: 0
Heating
- Forced Air, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 5,032
- Total interior livable area: 5,032 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,795 Square Feet
- Dimensions: 16.00 x 95.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 881000914
- Zoning: CMX1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Brick
Condition
- Excellent
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $251/sqft
- Tax assessed value: $619,900
- Annual tax amount: $100
- Date on market: 7/9/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$2,235/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Listed for sale | $1,265,000-0.2%$251/sqft |
Source:  Bright MLS #PAPH2646188 Report a problem | ||
| 7/1/2026 | Listing removed | $1,267,000$252/sqft |
Source: Bright MLS #PAPH2593180 Report a problem | ||
| 6/29/2026 | Price change | $1,267,000-1%$252/sqft |
Source: Bright MLS #PAPH2593180 Report a problem | ||
| 6/8/2026 | Price change | $1,280,000-1.5%$254/sqft |
Source: Bright MLS #PAPH2593180 Report a problem | ||
| 3/12/2026 | Listed for sale | $1,300,000+420%$258/sqft |
Source: Bright MLS #PAPH2593180 Report a problem | ||
| 2/11/2026 | Listing removed | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 12/25/2025 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 11/14/2025 | Listing removed | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 11/7/2025 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 7/20/2023 | Listing removed | $250,000$50/sqft |
Source: Bright MLS #PAPH2232384 Report a problem | ||
| 5/5/2023 | Listed for sale | $250,000+1566.7%$50/sqft |
Source: Bright MLS #PAPH2232384 Report a problem | ||
| 5/12/2017 | Sold | $15,000+400%$3/sqft |
Source: Public Record Report a problem | ||
| 10/10/2006 | Sold | $3,000$1/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $697 +591.6% | $49,800 +591.7% |
| 2024 | $101 | $7,200 |
| 2023 | $101 | $7,200 |
| 2022 | $101 | -- |
| 2021 | $101 | -- |
| 2018 | $101 | -- |
| 2017 | $101 | -- |
| 2016 | $101 | -- |
| 2015 | $101 | -- |
| 2014 | $101 +4.5% | $7,200 +144.6% |
| 2012 | $96 | $2,944 |
| 2011 | -- | $2,944 |
| 2010 | -- | $2,944 |
| 2009 | -- | $2,944 |
| 2008 | -- | $2,944 +736.4% |
| 2007 | -- | $352 +10% |
| 2006 | -- | $320 |
| 2005 | -- | $320 |
| 2004 | -- | $320 |
| 2003 | -- | $320 |
| 2002 | -- | $320 |
| 2000 | -- | $320 -66.7% |
| 1999 | -- | $960 |
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: East Parkside
Nearby schools
GreatSchools rating
- 4/10Blankenburg Rudolph SchoolGrades: PK-8Distance: 0.6 mi
- 2/10Overbrook High SchoolGrades: 9-12Distance: 2 mi
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.
- $--1 bd1 ba1.5k sqft929 N 40th St #1F, Philadelphia, PA 19104Off Market
- $--1 bd1 ba1.5k sqft929 N 40th St #1R, Philadelphia, PA 19104Off Market
- $--1 bd1 ba1.5k sqft929 N 40th St #2F, Philadelphia, PA 19104Off Market
- $--1 bd1 ba1.5k sqft929 N 40th St #2R, Philadelphia, PA 19104Off Market
- $--1 bd1 ba1.5k sqft929 N 40th St #3R, Philadelphia, PA 19104Off Market
- $177,600-- bd-- ba1.9k sqft931 N 40th St, Philadelphia, PA 19104Off Market
- $159,300-- bd-- ba1.8k sqft933 N 40th St, Philadelphia, PA 19104Off Market
- $47,1001,425 Square Feet935 N 40th St, Philadelphia, PA 19104Off Market
A local agent can set up tours, give advice and negotiate with sellers.
Similar homes
- $1,100,0007 bd-- ba4.6k sqft4163 Mantua Ave, Philadelphia, PA 19104For Sale
MLS ID #PAPH2638388, Michael Kuldiner, United Properties Realty. Bright MLS - $1,350,0006 bd4 ba5.4k sqft5164 Ridge Ave, Philadelphia, PA 19128For Sale
MLS ID #PAPH2627268, Leron Grossman, Victory Real Estate, LLC. Bright MLS - $1,250,0007 bd-- ba5k sqft920 N 15th St, Philadelphia, PA 19130New Construction
MLS ID #PAPH2630538, Bob Kiziroglou, Howard Hanna Real Estate Services. Bright MLS - $650,0008 bd8 ba3.6k sqft3424 Wallace St, Philadelphia, PA 19104For Sale
MLS ID #PAPH2622272, Stuart Cohen, KW Empower. Bright MLS - $1,200,0006 bd5 ba3.4k sqft1637 Carpenter St, Philadelphia, PA 19146For SaleMLS ID #PAPH2630414, Michelle Ashley, KW Empower. Bright MLS
- $1,195,0006 bd6 ba4.9k sqft2845 W Diamond St, Philadelphia, PA 19121For SaleMLS ID #PAPH2582976, John McDonald, Keller Williams Main Line. Bright MLS
- $1,149,0008 bd7 ba4.5k sqft1642 Cambridge St, Philadelphia, PA 19130For SaleMLS ID #PAPH2605536, Tykey Jackson, Philadelphia Realty Exchange. Bright MLS
- $1,300,0004 bd6 ba4.2k sqft650 Fairmount Ave #A2, Philadelphia, PA 19123New ConstructionMLS ID #PAPH2543844, Jim Onesti, KW Empower. Bright MLS
- $1,120,0006 bd6 ba4.3k sqft4921 Chester Ave, Philadelphia, PA 19143New ConstructionMLS ID #PAPH2608734, Dava Costello, OCF Realty LLC - Philadelphia. Bright MLS
- $749,0007 bd7 ba4.2k sqft3861 Fairmount Ave, Philadelphia, PA 19104For SaleMLS ID #PAPH2513724, Ben Hooson-Jones, KW Empower. Bright MLS
- $995,0007 bd5 ba4.2k sqft2019 E Susquehanna Ave, Philadelphia, PA 19125For SaleMLS ID #PAPH2645572, Sam Akif, Keller Williams Main Line. Bright MLS
- $1,200,0008 bd-- ba4.2k sqft1542 N 15th St, Philadelphia, PA 19121For SaleMLS ID #PAPH2399164, Marco Troche, RE/MAX Select Group. Bright MLS
- $1,150,0008 bd-- ba4.8k sqft2350 N 16th St, Philadelphia, PA 19132New ConstructionMLS ID #PAPH2638348, Michael Kuldiner, United Properties Realty. Bright MLS
- $1,350,0004 bd6 ba4.2k sqft660 Fairmount Ave, Philadelphia, PA 19123New ConstructionMLS ID #PAPH2546802, Jim Onesti, KW Empower. Bright MLS
- $1,199,9995 bd5 ba3.8k sqft1922 Geary St #9, Philadelphia, PA 19145New ConstructionMLS ID #PAPH2598950, Jim Roche, KW Empower. Bright MLS
- $1,080,0008 bd8 ba3.3k sqft657 N 12th St, Philadelphia, PA 19123For SaleMLS ID #PAPH2611794, Andy Wang, HK99 Realty LLC. Bright MLS
- $640,0005 bd-- ba2.5k sqft2317 N 33rd St, Philadelphia, PA 19132For SaleMLS ID #PAPH2646168, Alyce Gerhardt, Keller Williams Liberty Place. Bright MLS
- $1,000,0005 bd-- ba3k sqft528 W Berks St, Philadelphia, PA 19122For SaleMLS ID #PAPH2638340, Michael Kuldiner, United Properties Realty. Bright MLS
- $1,100,0008 bd-- ba4.5k sqft417 W Cumberland St, Philadelphia, PA 19133For SaleMLS ID #PAPH2638314, Michael Kuldiner, United Properties Realty. Bright MLS
- $1,199,9998 bd6 ba4k sqft1011 N Orianna St, Philadelphia, PA 19123For SaleMLS ID #PAPH2592172, Stacy Sanseverino, KW Empower. Bright MLS
