1. Pennsylvania
2. Philadelphia
3. 327 N 40TH ST

327 N 40TH ST, Philadelphia, PA 19104

• 2,950 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Trophy Commercial Real Estate LLC : 2156085745

Listing Agent:

Saam Tashayyod : 2156085745

MLS ID:

PAPH2537876

Interior

• A/C: Central A/C
• Heating: CentralElectric
• Disability Feature: None

Exterior

• General: Above Grade
• Style: Other

Construction

• General: Masonry

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: RM1881161740

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Saam Tashayyod, Trophy Commercial Real Estate LLC