See Home Value
$615,000
Multifamily - Off Market

312 N 40TH ST

PHILADELPHIA, PA 19104
bedrooms
Studio
bathrooms
0 Bath
$3,560
Estimated Monthly
$0
HOA / Fees

About This Property

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!
Unit Size
-
Days on Market
137 days
Land Size
0.07 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$583
HOA Dues
-
Year Built
1920
Last updated: 2 months ago (Bright MLS #PAPH2297268)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold $615,000
Sold
Mar 7, 2024 In contract -
In contract
Nov 13, 2023 Listed by Kurfiss Sotheby's International Realty $725,000
Listed by Kurfiss Sotheby's International Realty
Mar 24, 2015 Sold to Frank Setzer $600,000
Sold to Frank Setzer

Property Highlights

Air Conditioning
Parking Details
Parking Features: On Street
Interior Details

Interior Information

Interior Features: Sprinkler System
Flooring Type: Wood, Tile/Brick
Living Area Square Feet Source: Estimated

Basement Information

Has Basement
Full, Fully Finished


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$717,500 May 24, 2023
$717,500 Oct 6, 2023
-
Townhouse
Stu
-
-
$575,000 Sep 30, 2020
$575,000 Nov 27, 2020
-
Townhouse
Stu
-
-
$770,000 Aug 25, 2023
$770,000 Jan 26, 2024
-
Commercial
Loft
-
-
$720,000 Jan 30, 2024
$720,000 Mar 29, 2024
-
Land
Loft
-
-
$750,000 Sep 18, 2020
$750,000 Feb 8, 2021
-
Townhouse
5 Beds
5 Baths
2,432 ft²
$250/ft²
$607,000 Nov 6, 2016
$607,000 Dec 13, 2016
-
Multifamily
Stu
-
-
$720,000 Mar 25, 2024
-
-
Multifamily
Stu
-
-
$820,000 Mar 25, 2024
-
-
Multifamily
Stu
-
-
$675,000 Feb 6, 2024
-
-
Townhouse
Stu
-
-
$599,000 Apr 2, 2024
-
-
Townhouse
Stu
-
-
$750,000 Jan 11, 2024
-
-
Townhouse
Stu
-
-
$679,000 Mar 14, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

312 North 40th Street 312 North 40th Street, Philadelphia, PA 19104
  • 1 Unit for Sale
More about this Building
312 North 40th Street
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About West Philadelphia


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