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$1,750,000
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Property Description
This is new construction done five years ago. There are 6 apartments with 20 bedrooms and 17 bathrooms. Walking distance to UPenn and Drexel. It still has close to 5 years of tax abatement. Fully furnished apartments. Fully rented each year. Great cash flow with 10% to 20% rent increase potential. Contact me for tour.
Full Property Details
Full Property Details for 329 N 40th St
General
- Price: $1,750,000
- Taxes: $2,520 (2025)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2398888
- Updated: 12/17/2025
- Added to Site: 485 day(s) ago
Rental Information
- Lease Info: Long Term
Interior
- Number of Rooms: 20
Parking
- Parking Type: On Street
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: UNIVERSITY CITY
- Cross Streets: Baring
- Driving Directions: North 40th Street
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: Interior Row/Townhouse
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Concrete Perimeter
- Square Feet: 8,000
- Sq. Ft. Source: Estimated
- Living Area: 8,000 Sq. Ft.
- Finished Above Grnd: 8,000 Sq. Ft.
- Year Built: 2018
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- Other Units: Unit 1, Unit 2
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,754
- Lot Size Source: Estimated
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $218.75
- Assessment Year: 2025
- Tax w/Assessment: $1,800,000
- Tax Amount: $2,520
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 173
Listed by Panphil Realty, LLC, Nanxing Wei
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Schools
Schools serving 329 N 40th St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Powel Samuel School 3610 Warren Street, Philadelphia, PA 19104 | K-4 | 0.4 mi |
Science Leadership Academy Middle School 3610 Warren Street, Philadelphia, PA 19104 | 5-8 | 0.4 mi |
West Philadelphia High School 4901 Chestnut Street, Philadelphia, PA 19139 | 9-12 | 0.9 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 329 N 40th St
Date
Details
Price
Change
Source
3/19/2025
Price Reduced
$1,750,000
-5.41%
MLS
9/19/2024
Listed
$1,850,000
—
MLS
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
Tax History for 329 N 40th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,520
—
$1,800,000
—
2024
$2,520
74%
$1,800,000
100%
2023
$1,451
1%
100%
2021
$1,437
-1%
-100%
2023
$1,451
-90%
$103,670
-90%
2020
$14,512
917%
$1,036,700
2%
2019
$1,427
—
$1,019,700
—
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
Estimate the Cost for 329 N 40th St
329 N 40th Street, Philadelphia, PA 19104 (MLS# PAPH2398888) is a Townhouse property with 0 bedrooms and 0 full bathrooms. 329 N 40th Street is currently listed for $1,750,000 and was received on September 19, 2024. Want to learn more about 329 N 40th Street? Do you have questions about finding other Townhouse real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

