About 327 N 40th St
327 N 40th Street is a fully stabilized six-unit multifamily property located in the heart of West Powelton Village, adjacent to University City, Philadelphia. Constructed in 2018, the building features large, high-yielding units with premium finishes, private outdoor spaces, and in-unit laundry. The unit mix includes a majority of larger-than-average four-bedroom units, along with two- and threebedroom units. Positioned just blocks from UPenn, Drexel University, Penn Presbyterian Medical Center, and the Market-Frankford Line, 327 N 40th offers an investor secure long-term returns in one of the city’s strongest rental corridors. The property is currently fully leased and generates $14,746/month in gross income. Offered at a 7.74% cap rate, the building has over 3 years on the remaining tax abatement and $238/SF, this is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.
Features of 327 N 40th St
| MLS® # | PAPH2537876 |
|---|---|
| Price | $1,850,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,950 |
| Acres | 0.07 |
| Year Built | 2017 |
| Type | Multi-Family |
| Sub-Type | Other, Other |
| Style | Other |
| Status | Active |
Community Information
| Address | 327 N 40th St |
|---|---|
| Area | 19104 |
| City | PHILADELPHIA |
| County | PHILADELPHIA-PA |
| State | PA |
| Municipality | PHILADELPHIA |
| Zip Code | 19104 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Central |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 3 |
School Information
| District | PHILADELPHIA CITY |
|---|
Additional Information
| Date Listed | September 15th, 2025 |
|---|---|
| Days on Market | 42 |
| Zoning | RM1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Trophy Commercial Real Estate LLC |
|---|---|
| Contact Info | 2156085745 |