705 N 40th St

Beds
Baths
2,400 Sq. Ft.
$298 / Sq. Ft.
2,400
Sq. Ft.
$298
per Sq. Ft.

Description

This is new rehab done 1 years ago. There are 3 upscale apartments with 2 bedrooms and 2 bathrooms each. All units inside finish high-quality tile, hard wood floor, stainless-steel appliances, washer/dryer. Each unit has its own HVAC high efficiency, heat and central air. Well, laid out floor plans. Conveniently located near schools, parks, and public transportation. Minutes to PENN, Drexel, CHOP, PENN Hospitals.This is new rehab done 1 years ago. There are 3 upscale apartments with 2 bedrooms and 2 bathrooms each. All units inside finish high-quality tile, hard wood floor, stainless-steel appliances, washer/dryer. Each unit has its own HVAC high efficiency, heat and central air. Well, laid out floor plans. Conveniently located near schools, parks, and public transportation. Minutes to PENN, Drexel, CHOP, PENN Hospitals.
  1. Listed by Desiree R Richardson • Burke Property Group
    P: (215)-416-3467 movewithdesiree@gmail.com

Property Details for 705 North 40th Street

Tax ID Number
243112900
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Traditional
Waterfront
No
Garage
No
Subdivision
UNIVERSITY CITY
Subdivision
UNIVERSITY CITY (PHILADELPHIA PA)
LISTING UPDATED: 09/29/2025 08:20 PM

Property Details for 705 North 40th Street

StatusActive
MLS #PAPH2405824
Days on Market518
Taxes$5,480 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1960
Lot Size0.04 AC / 1,785 SF
CountyPhiladelphia County

Location

Listing Courtesy of Burke Property Group
Add your commute

Building Information for 705 North 40th Street

Stories-Residences3Year Built1960Building Size-Lot Size0.04 AC / 1,785 SF

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$3,941 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,485

Property Taxes

$457

HOA Dues

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Property Information for 705 North 40th Street

Location
Location
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19104 (19104)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $391,500
  • Year Assessed: 2025
  • Improvement Assessed Value: $313,200
  • City Town Tax: $2,411
  • Land Assessed Value: $78,300
  • Clean Green Assessed: No
  • Land Use Code: U50
  • Zoning: RSA5
  • Tax Lot: 141
  • School Tax: $3,068
  • Automatically Update Tax Values Y/N: Yes
  • TaxDataUpdatedYN: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 3
  • Three Bedroom Units Count: 0
  • Units Furnished: None
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
Financial Information
Financial Information
  • Annual Rental Income: $33,600
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Year Major Reno Remodel: 2023
  • Building Units Total: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 17.00 x 105.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 1029432
Parking
Parking
  • Type Of Parking: On Street, Driveway
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Electric Available
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 705 North 40th Street

DateEvent & SourcePriceAppreciation
Jan 14, 2025

Price Change

BRIGHT #PAPH2405824

$715,000
Oct 3, 2024

Listed (Active)

BRIGHT #PAPH2405824

$725,000
Oct 31, 2022

Expired

BRIGHT #PAPH2099216

Sep 28, 2022

Closed

BRIGHT #PAPH2121874

$280,000
Sep 13, 2022

Closed (Public Record)

Public Record #1498898119

$280,000

+51.5% / yr

Aug 2, 2022

Pending

BRIGHT #PAPH2121874

Aug 2, 2022

Active Under Contract

BRIGHT #PAPH2121874

Jul 15, 2022

Price Change

BRIGHT #PAPH2121874

$289,900
Jun 22, 2022

Price Change

BRIGHT #PAPH2121874

$299,900
May 31, 2022

Listed (Active)

BRIGHT #PAPH2121874

$309,900
May 2, 2022

Withdrawn

BRIGHT #PAPH2099216

Apr 27, 2022

Price Change

BRIGHT #PAPH2099216

$329,900
Apr 13, 2022

Price Change

BRIGHT #PAPH2099216

$349,900
Apr 2, 2022

Listed (Active)

BRIGHT #PAPH2099216

$379,900
Oct 18, 2021

Closed

BRIGHT #PAPH905950

$190,000
Oct 7, 2021

Closed (Public Record)

Public Record #1482755860

$190,000
Sep 17, 2021

Temp Off Market

BRIGHT #PAPH905950

Sep 16, 2021

Pending

BRIGHT #PAPH905950

Aug 30, 2021

Price Change

BRIGHT #PAPH905950

$175,000
Aug 30, 2021

Listed (Active)

BRIGHT #PAPH905950

Jun 24, 2020

Pending

BRIGHT #PAPH905950

Jun 22, 2020

Listed (Active)

BRIGHT #PAPH905950

$225,000
DateEvent & SourcePrice
01/14/2025

Price Change

BRIGHT #PAPH2405824

$715,000
10/03/2024

Listed (Active)

BRIGHT #PAPH2405824

$725,000
10/31/2022

Expired

BRIGHT #PAPH2099216

09/28/2022

Closed

BRIGHT #PAPH2121874

$280,000
09/13/2022

Closed (Public Record)

Public Record #1498898119

$280,000

+51.5% / yr

08/02/2022

Pending

BRIGHT #PAPH2121874

08/02/2022

Active Under Contract

BRIGHT #PAPH2121874

07/15/2022

Price Change

BRIGHT #PAPH2121874

$289,900
06/22/2022

Price Change

BRIGHT #PAPH2121874

$299,900
05/31/2022

Listed (Active)

BRIGHT #PAPH2121874

$309,900
05/02/2022

Withdrawn

BRIGHT #PAPH2099216

04/27/2022

Price Change

BRIGHT #PAPH2099216

$329,900
04/13/2022

Price Change

BRIGHT #PAPH2099216

$349,900
04/02/2022

Listed (Active)

BRIGHT #PAPH2099216

$379,900
10/18/2021

Closed

BRIGHT #PAPH905950

$190,000
10/07/2021

Closed (Public Record)

Public Record #1482755860

$190,000
09/17/2021

Temp Off Market

BRIGHT #PAPH905950

09/16/2021

Pending

BRIGHT #PAPH905950

08/30/2021

Price Change

BRIGHT #PAPH905950

$175,000
08/30/2021

Listed (Active)

BRIGHT #PAPH905950

06/24/2020

Pending

BRIGHT #PAPH905950

06/22/2020

Listed (Active)

BRIGHT #PAPH905950

$225,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 705 North 40th Street

Taxable ValueLand$78,300Additions$313,200Total$391,500
Tax Record2025$5,480 ($457 / month)
Home Facts
Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories3Lot Size1,785 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningRSA5CountyPHILADELPHIAAPN24-3-1129-00

Schools near 705 North 40th Street

This home is within The School District of Philadelphia.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 9 to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Widener Memorial School
PublicK to 12

West Philadelphia High School
Public9 to 12

Middle Years Alternative School
Public6 to 8

Central High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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705 North 40th Street is a multi-family home for sale in Philadelphia, PA 19104. This property was listed for sale on October 3, 2024 by Burke Property Group, it's currently listed at $715,000. It has been on the market for a total of 518 days and was last sold on September 28, 2022. This listing's school district is The School District of Philadelphia. Nearby schools include Widener Memorial School, West Philadelphia High School and Middle Years Alternative School. 705 North 40th Street is a 0-bed, 0-bath, 2,400 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Burke Property Group

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.