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$1,850,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 327 N 40th St

General

  • Price: $1,850,000
  • Taxes: $2,358 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2537876
  • Updated: 12/17/2025
  • Added to Site: 124 day(s) ago

Rental Information

  • Lease Info: Long Term

Parking

  • Parking Type: On Street

Location

  • Area: 19104 (19104)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Driving Directions: 327 N 40th Street is just a short walk to the Market- Frankford Line and Lancaster Avenue retail.

School Information

  • School District: Philadelphia City

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Other
  • Structure Type: Other
  • Construction: Masonry
  • Stories/Levels: 3
  • Square Feet: 2,950
  • Sq. Ft. Source: Estimated
  • Living Area: 2,950 Sq. Ft.
  • Finished Above Grnd: 2,950 Sq. Ft.
  • Year Built: 2017
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size (Sq. Ft.): 3,049
  • Lot Size Source: Estimated
  • Zoning: RM1

Financial Considerations

  • Price Per Sq. Ft.: $627.12
  • Assessment Year: 2025
  • School Tax: $1,320
  • City/TownTax: $1,037
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $168,480
  • Tax Amount: $2,358
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 209

Listed by Trophy Commercial Real Estate LLC, Saam Tashayyod

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Listing agent

— 327 N 40th St —

  • Saam Tashayyod

    Trophy Commercial Real Estate LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 327 N 40th St

School District:Philadelphia City School District
NameGradesDistance
Powel Samuel School
3610 Warren Street, Philadelphia, PA 19104
K-40.4 mi
Science Leadership Academy Middle School
3610 Warren Street, Philadelphia, PA 19104
5-80.4 mi
West Philadelphia High School
4901 Chestnut Street, Philadelphia, PA 19139
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 327 N 40th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/15/2025
Listed
$1,850,000
8.82%
MLS
11/01/2018
Sold
$1,700,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 327 N 40th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,358
—
$1,123,200
—
2024
$2,358
35%
$1,123,200
100%
2023
$1,747
21%
100%
2021
$1,438
-18%
-100%
2023
$1,747
21%
$124,800
-88%
2020
$1,438
1%
$1,027,300
1%
2019
$1,427
24%
$1,019,700
1144%
2017
$1,148
-68%
$82,000
-68%
2016
$3,602
26%
$257,300
20%
2015
$2,862
—
$213,600
—
2014
$2,862
174%
$213,600
1899%
2013
$1,044
—
$10,688
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 327 N 40th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Trophy Commercial Real Estate LLC, Saam Tashayyod

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327 N 40th Street, Philadelphia, PA 19104 (MLS# PAPH2537876) is a Multi-Family property with 1 unit containing 0 bedrooms and 0 full bathrooms. 327 N 40th Street is currently listed for $1,850,000 and was received on September 15, 2025. Want to learn more about 327 N 40th Street? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

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