327 N 40th St - Apartments FOR SALE


Philadelphia, PA 19104- Powelton
$1,850,000 USD
267-223-4202
327 N 40th St, Philadelphia, PA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/27
null | 7.74% Cap Rate

327 N 40th St
Philadelphia, PA 19104
Powelton


HIGHLIGHTS

  • FULLY STABILIZED, HIGH-YIELD ASSET -Six fully leased units generating $14,746/month or $176,952/year in potential rent.
  • PREMIUM FINISHES + OUTDOOR AMENITIES -Includes private roof deck, backyard, large living spaces, modern kitchens, and in-unit laundry.
  • DESIRABLE UNIT MIX - Diverse layouts, including 2BD, 3BD, and 4BD units, tailored to the student and roommate market.
  • MODERN CONSTRUCTION (2018) - Turnkey asset with updated systems, reducing future CapEx exposure.
  • PRIME UNIVERSITY CITY LOCATION \ - Steps from UPenn, Drexel, Penn Medicine, and major SEPTA transit.
  • CAPITAL IMPROVEMENT-Brand new TPO roof with a 25-year warranty.

OVERVIEW

327 N 40th Street, 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 three bedroom 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.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,333

CAP RATE

7.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2018

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R10

APN/PARCEL ID

881161740

ASK ABOUT THIS PROPERTY

Craig ThomTrophy Commercial Real EstateMore Info
267-223-4202

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Craig ThomTrophy Commercial Real EstateMore Info
267-223-4202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.