312 North 40th Street

Philadelphia, PA 19104

$615,000
Last Sold Price
10
Beds
5
Baths
4,324 Sq. Ft.
$142 / Sq. Ft.
4,324
Sq. Ft.
$142
per Sq. Ft.

Description

Investor Owner Opportunity! This spacious duplex spans over 4200+ sqft, featuring two units and outdoor space, making it an attractive investment in the heart of University City. Located less than half a mile from both Drexel University and the University of Pennsylvania campuses, this property is strategically positioned for student housing demand. Unit A boasts five bedrooms and two bathrooms, while Unit B offers five bedrooms and three bathrooms. The property stands as a standalone structure with...Investor Owner Opportunity! This spacious duplex spans over 4200+ sqft, featuring two units and outdoor space, making it an attractive investment in the heart of University City. Located less than half a mile from both Drexel University and the University of Pennsylvania campuses, this property is strategically positioned for student housing demand. Unit A boasts five bedrooms and two bathrooms, while Unit B offers five bedrooms and three bathrooms. The property stands as a standalone structure with separately metered utilities, ensuring efficiency and convenience. Each unit is equipped with in-unit washers and dryers, kitchens adorned with granite countertops and stainless steel appliances, and a sizable rear yard accessible from Unit A and externally from Unit B. The investment potential is underscored by the property's current monthly rental income of $4,750. Although currently vacant, this presents a prime opportunity for investors to capitalize on the burgeoning demand for housing in the area. This investment opportunity is situated in a redeveloped area boom, witnessing substantial growth and transformation over the past 8-10 years. Its proximity to both Drexel and Penn universities makes it an attractive choice for students and professionals alike. Convenience is key, with the property just two blocks away from Presbyterian Hospital, the 40th Street Station of the Market-Frankford Line, Penn’s LUCY bus, and the vibrant 40th Street amenities, including restaurants, shops, and a supermarket between Market and Walnut Streets. Transportation is a breeze with easy access to the Bus route 40 and the Drexel bus, both just a half block away. Moreover, the property falls within the night patrol area of Drexel. Don't miss out on this exceptional investment opportunity in a thriving and strategically located University City neighborhood!
  1. Listed by James McFadden • Kurfiss Sotheby's International Realty
    P: 2679800166 mcfadden@kurfiss.com
  2. Listed by Camilla F Whetzel • Kurfiss Sotheby's International Realty
    P: 2158703138 kim@kurfiss.com

Property Details for 312 North 40th Street

Tax ID Number
061162500
Ownership
Fee Simple
Structure Type
Detached
Style
Other
Waterfront
No
Garage
No
Subdivision
POWELTON VILLAGE
Subdivision
POWELTON VILLAGE (PHILADELPHIA PA)

Location

Listing Courtesy of Kurfiss Sotheby's International Realty

Sold By Homestarr Realty

Add your commute
LISTING UPDATED: 03/30/2024 12:07 AM

Property Details for 312 North 40th Street

StatusClosed
MLS #PAPH2297268
Days on Market115
Taxes$6,990 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1920
Lot Size0.07 AC / 2,875 SF
CountyPhiladelphia County

Location

Listing Courtesy of Kurfiss Sotheby's International Realty

Sold By Homestarr Realty

Add your commute

Building Information for 312 North 40th Street

Stories-Residences2Year Built1920Building Size-Lot Size0.07 AC / 2,875 SF

Payment Calculator

$3,939 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,356

Property Taxes

$583

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 312 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: 2022
  • Tax Assessed Value: $499,400
  • Year Assessed: 2023
  • County Tax: $0
  • Improvement Assessed Value: $399,520
  • City Town Tax: $3,154
  • Land Assessed Value: $99,880
  • Clean Green Assessed: No
  • Land Use Code: W50
  • Zoning: RM1
  • Tax Lot: 38
  • School Tax: $3,835
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 0
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Unit Type Finished SQFT: 2162
  • Beds Total: 5
  • Half Baths Count: 0
  • Full Baths Count: 2
  • Unit Type Baths Total: 2
  • Total Rooms: 7
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Unit Type Finished SQFT: 2162
  • Beds Total: 5
  • Half Baths Count: 0
  • Full Baths Count: 3
  • Unit Type Baths Total: 3
  • Unit Type Features: 8/31/2015
  • Total Rooms: 7
Building Info
Building Info
  • Year Major Reno Remodel: 2014
  • Building Units Total: 2
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 25.00 x 115.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 911363
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Interior Features: Sprinkler System
  • Fireplace: No
  • Accessibility Features: None
  • Window Features: Energy Efficient
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Utilities: Cable TV Available
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: Circuit Breakers
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 312 North 40th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 312 North 40th Street

Taxable ValueLand$99,880Additions$399,520Total$499,400
Tax Record2023$6,991 ($583 / month)
Home Facts
Total Finished SqFt1,876 SqFtAbove Grade Finished SqFt1,876 SqFtStories3Lot Size2,875 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningRM1CountyPHILADELPHIAAPN06-1-1625-00

Schools near 312 North 40th Street

This home is within Philadelphia City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 5 to 8
Rating
School
Distance
Locke Alain School
PublicK to 8

West Philadelphia High School
Public9 to 12

Middle Years Alternative School
Public5 to 8

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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kurfiss Sotheby's International Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board 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, Greator Scranton Board 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.