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$324,900

  • For Sale
  • Active
  • Townhouse
  • 7 Beds
  • 4 Full Baths
  • 2,256 Sq. Ft.
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540 E. Penn Street | Exceptional Investment Opportunity Welcome to 540 E. Penn Street, a spacious 7-bedroom, 4-bathroom property offering an outstanding opportunity for investors seeking immediate rental income. Located in the desirable East Germantown neighborhood, this expansive home was renovated in 2025 and is currently tenant occupied, allowing the new owner to begin collecting rental income from day one. The property is equipped with a refrigerator, range, and microwave, making it a truly turnkey investment. With generous living space and modern updates, this home is well-positioned to continue attracting long-term tenants. Offered As-Is, this property may be purchased individually or as part of a three-property, rent-ready investment portfolio, making it an excellent addition for both seasoned and first-time investors. Don't miss the opportunity to own a cash-flowing asset in one of Philadelphia's growing neighborhoods.

Full Property Details for 540 E Penn St

General

  • Price: $324,900
  • Taxes: $1,557 (2026)
  • Status: Active
  • Type: Townhouse
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2646368
  • Updated: 8/13/2026
  • Added to Site: 48 day(s) ago

Interior

  • Interior Features: Floor Plan - Traditional, Recessed Lighting, Upgraded Countertops
  • Appliances: Dryer - Electric, Oven/Range - Gas, Stainless Steel Appliances, Washer
  • Flooring: Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Floor Baths: 4
  • Main - Full Baths: 4

Bedrooms

  • Total Bedrooms: 7
  • Bedrooms Main & Up: 7

Parking

  • Parking Type: On Street

Location

  • Area: 19144 (19144)
  • Municipality: PHILADELPHIA
  • County: PHILADELPHIA
  • Subdivision: GERMANTOWN (EAST)
  • Driving Directions: Please Use GPS
  • Location Details: Urban

School Information

  • School District: Philadelphia City

Community

  • Pets Allowed: Yes
  • Pets: Case by Case Basis

Heating & Cooling

  • Cooling Type: None
  • Heating Type: 90% Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electric Available, Sewer Available, Water Available

Structural Information

  • Architectural Style: Traditional
  • Structure Type: End of Row/Townhouse
  • Construction: Masonry
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Foundation: Slab
  • Roof: Shingle
  • Walls/Ceilings: 9'+ Ceilings, Dry Wall
  • Stories Description: Main
  • Square Feet: 2,256
  • Sq. Ft. Source: Assessor
  • Living Area: 2,256 Sq. Ft.
  • Finished Above Grnd: 1,756 Sq. Ft.
  • Finished Below Grnd: 500 Sq. Ft.
  • Year Built: 1900
  • Year Built Source: Estimated
  • Property Condition: Very Good

Lot Features

  • Lot Size (Acres): 0.03
  • Lot Size (Sq. Ft.): 1,127
  • Lot Size Source: Estimated
  • Lot Dimensions: 15.00 x 75.00
  • Zoning: RSA5

Financial Considerations

  • Price Per Sq. Ft.: $185.02
  • Assessment Year: 2026
  • School Tax: $872
  • County Tax Freq: Annually
  • Tax w/Assessment: $111,300
  • Tax Amount: $1,557
  • Tax Year: 2026
  • Tax Total Finished Sq. Ft.: 1756

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Tenant's Property
  • Inclusions: Washer/Dryer, Refrigerator, Range, Microwave
  • Lot Number: 23

Listed by Realty Mark Associates, Benjamin R Cathey

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Listing agent

— 540 E Penn St —

  • Benjamin R Cathey

    Realty Mark Associates

Listing Office Email: bsmith@realtymarkus.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 540 E Penn St

School District:Philadelphia City School District
NameGradesDistance
Roosevelt Theodore Middle School
430 East Washington Lane, Philadelphia, PA 19144
6-81 mi
King Martin Luther High School
6100 Stenton Avenue, Philadelphia, PA 19138
9-121.2 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 540 E Penn St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/13/2026
Price Reduced
$324,900
-1.55%
MLS
7/14/2026
Listed
$330,000
112.9%
MLS
3/04/2025
Sold
$155,000
—
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 540 E Penn St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,558
—
$199,100
79%
2025
$1,558
—
$111,300
—
2024
$1,558
36%
$111,300
36%
2023
$1,149
—
$82,100
—
2022
$1,149
15%
$82,100
100%
2021
$995
—
-100%
2020
$995
-4%
$71,100
-4%
2019
$1,040
-19%
$74,300
-19%
2018
$1,285
—
$91,800
—
2017
$1,285
—
$91,800
—
2016
$1,285
11%
$91,800
6%
2015
$1,158
—
$86,400
—
2014
$1,158
422%
$86,400
3703%
2013
$222
—
$2,272
—
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 540 E Penn 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 Realty Mark Associates, Benjamin R Cathey

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540 E Penn Street, Philadelphia, PA 19144 (MLS# PAPH2646368) is a Townhouse property with 7 bedrooms and 4 full bathrooms. 540 E Penn Street is currently listed for $324,900 and was received on July 14, 2026. Want to learn more about 540 E Penn 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.

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