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$1,075,000

  • For Sale
  • Active
  • Apartment
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Income-producing five-unit building located in West Powelton Village. This well maintained property features fully occupied apartments with immediate rental income and convenient access to transit, universities, and major employment centers. Ideal opportunity for investors seeking steady cash flow in a strong rental market.

Full Property Details for 423 N 40th St

General

  • Price: $1,075,000
  • Taxes: $15,442 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2578786
  • Updated: 3/13/2026
  • Added to Site: 53 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Parking Type: On Street

Location

  • Area: 19104 (19104)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Driving Directions: gps

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Electric
  • Water Heater: Electric, 60+ Gallon Tank

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Masonry
  • Foundation: Brick/Mortar, Concrete Perimeter
  • Year Built: 2014
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size (Sq. Ft.): 2,875
  • Lot Size Source: Assessor
  • Lot Dimensions: 25.00 x 115.00
  • Zoning: RM1

Financial Considerations

  • Operating Expenses: $3,540
  • Assessment Year: 2025
  • School Tax: $8,647
  • City/TownTax: $6,794
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $1,103,200
  • Tax Amount: $15,442
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenant's Personal Property.
  • Lot Number: 324

Listed by New Age Realty Group Inc, Nicole Caprario

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Listing agent

— 423 N 40th St —

  • Nicole Caprario

    New Age Realty Group Inc

Listing Office Email: chris@newagerealtygroup.com

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 423 N 40th St

School District:Philadelphia City School District
NameGradesDistance
Powel Samuel School
3610 Warren Street, Philadelphia, PA 19104
K-40.5 mi
Science Leadership Academy Middle School
3610 Warren Street, Philadelphia, PA 19104
5-80.5 mi
West Philadelphia High School
4901 Chestnut Street, Philadelphia, PA 19139
9-120.9 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 423 N 40th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/13/2026
Price Reduced
$1,075,000
-2.27%
MLS
2/02/2026
Listed
$1,100,000
—
MLS
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 423 N 40th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$15,443
—
$1,103,200
—
2024
$15,443
770%
$1,103,200
100%
2023
$1,775
—
-100%
2022
$1,775
-68%
$126,800
100%
2018
$5,616
—
—
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 423 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 New Age Realty Group Inc, Nicole Caprario

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423 N 40th Street, Philadelphia, PA 19104 (MLS# PAPH2578786) is a Apartment property. 423 N 40th Street is currently listed for $1,075,000 and was received on February 02, 2026. Want to learn more about 423 N 40th Street? Do you have questions about finding other Apartment 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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