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$319,000 Just Listed
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Property Description
Investment Opportunity: Multi-Unit Commercial & Residential Assembly at 4140-4144 Lancaster Avenue, Philadelphia, PA 19104 An exceptional value-add opportunity is available on a prominent commercial corridor in West Philadelphia. Spanning three contiguous addresses-4140, 4142, and 4144 Lancaster Avenue-this mixed-use portfolio is being offered strictly as-is, where-is. This offering presents a high-potential project for developers, contractors, and astute investors looking to capitalize on a multi-parcel footprint in a rapidly evolving submarket near University City. Property Breakdown & Layout "¢ 4140 Lancaster Avenue: Features a ground-floor commercial storefront configuration with two residential apartments positioned on the upper levels, maximizing income potential through a blended commercial-residential use model. "¢ 4142 Lancaster Avenue is also on sale: Comprises a commercial storefront space on the ground level paired with one residential apartment above, offering a clean, manageable two-unit layout. "¢ 4144 Lancaster Avenue is also on sale: Mirroring its neighbor, this building consists of a ground-level storefront unit complemented by a single residential apartment on the upper floor. Location & Potential Situated along a well-traveled commercial strip, these properties benefit from steady vehicular traffic, local foot traffic, and accessibility to public transit routes. The surrounding Haverford North neighborhood continues to experience strong urban interest driven by its proximity to major academic institutions, medical centers, and Center City Philadelphia. Investment Highlights "¢ Scale & Flexibility: A multi-parcel footprint offering diverse configurations of commercial store fronts and residential apartments. "¢ Value-Add / Redevelopment: Ideal for comprehensive renovation, structural repositioning, or a modernized mixed-use overhaul tailored to current neighborhood demand. "¢ As-Is, Where-Is Sale: Priced to reflect current condition, allowing buyers the freedom to implement their own design, layout, and leasing strategies from the ground up.
Full Property Details
Full Property Details for 4140 Lancaster Ave
General
- Price: $319,000
- Taxes: $1,974 (2027)
- Status: Active
- Type: Commercial
- Source: BrightMLSPhilly
- MLS ID: PAPH2675944
- Updated: 10/1/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Other
Parking
- Parking Type: None
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Driving Directions: 41st and Lancaster Ave
Heating & Cooling
- Cooling Type: None
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas, Other
- Water Heater: Natural Gas, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick, Cement Siding, Concrete, Other
- Basement: Yes
- Building Size: 2765
- Year Built: 1915
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.06
- Lot Size (Sq. Ft.): 2,613
- Lot Size Source: Estimated
- Zoning: CMX2
Financial Considerations
- Price Per Sq. Ft.: $115.37
- Tax w/Assessment: $252,800
- Tax Amount: $1,974
- Tax Year: 2027
Disclosures and Reports
- Ownership: Fee Simple
Listed by Tahoe Realty LLC, Xuemei Li
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Schools
Schools serving 4140 Lancaster Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Washington Martha School 766 North 44th Street, Philadelphia, PA 19104 | K-8 | 0.3 mi |
West Philadelphia High School 4901 Chestnut Street, Philadelphia, PA 19139 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4140 Lancaster Ave
Date
Details
Price
Change
Source
9/30/2026
Listed
$319,000
-36.2%
MLS
4/28/2006
Sold
$500,000
—
Public Record
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 4140 Lancaster Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,736
—
$141,000
14%
2025
$1,736
—
$124,000
—
2024
$1,736
14%
$124,000
14%
2023
$1,529
-20%
$109,200
100%
2021
$1,914
—
-100%
2020
$1,914
1%
$136,700
1%
2019
$1,895
3%
$135,400
3%
2018
$1,841
86%
$131,500
85%
2017
$992
—
$70,900
—
2016
$992
4%
$70,900
—
2015
$950
—
$70,900
—
2014
$950
-10%
$70,900
557%
2013
$1,054
—
$10,784
—
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 4140 Lancaster Ave
4140 Lancaster Avenue, Philadelphia, PA 19104 (MLS# PAPH2675944) is a Commercial property. 4140 Lancaster Avenue is currently listed for $319,000 and was received on September 30, 2026. Want to learn more about 4140 Lancaster Avenue? Do you have questions about finding other Commercial real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

