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$1,300,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 hours ago
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929 N 40th: a 6-unit mixed-use income property featuring five units along with a commercial storefront leased providing predictable income growth. The property currently has 5/6 units rented with one residential unit currently vacant, offering immediate upside through lease-up and potential rent optimization. With diversified income streams, contractual commercial rent escalations, and strong residential demand for smaller units, this asset presents a compelling opportunity for investors seeking stable cash flow with built-in appreciation and value-add potential in a well-positioned multifamily/mixed-use property.

Full Property Details for 929 N 40th St

General

  • Price: $1,300,000
  • Taxes: $100 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: BrightMLSPhilly
  • MLS ID: PAPH2593180
  • Updated: 3/11/2026
  • Added to Site: 1 day(s) ago

Parking

  • Parking Type: On Street

Location

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

School Information

  • School District: Philadelphia City

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: Other
  • Construction: Brick
  • Square Feet: 5,032
  • Sq. Ft. Source: Assessor
  • Living Area: 5,032 Sq. Ft.
  • Finished Above Grnd: 5,032 Sq. Ft.
  • Year Built: 2025
  • Year Built Source: Estimated
  • Property Condition: Excellent

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,795
  • Lot Size Source: Estimated
  • Lot Dimensions: 16.00 x 95.00
  • Zoning: CMX1

Financial Considerations

  • Price Per Sq. Ft.: $258.35
  • Assessment Year: 2026
  • School Tax: $4,859
  • City/TownTax: $3,817
  • City/TownTax Freq: Annually
  • County Tax Freq: Annually
  • Tax w/Assessment: $619,900
  • Tax Amount: $100
  • Tax Year: 2025
  • Tax Total Finished Sq. Ft.: 5032

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 140

Listed by Keller Williams Liberty Place, Alyce Gerhardt

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Listing agent

— 929 N 40th St —

  • Alyce Gerhardt

    Keller Williams Liberty Place

Listing Office Email: klrw903@kw.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 929 N 40th St

School District:Philadelphia City School District
NameGradesDistance
Blankenburg Rudolph School
4600 West Girard Avenue, Philadelphia, PA 19131
7-80.6 mi
Overbrook High School, Philadelphia, PA
5898 Lancaster Avenue, Philadelphia, PA 19131
9-122 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 929 N 40th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/11/2026
Listed
$1,300,000
8566.67%
MLS
5/05/2017
Sold
$15,000
—
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 929 N 40th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,677
1145%
$619,900
1145%
2024
$697
590%
$49,800
100%
2021
$101
—
-100%
2023
$101
—
$7,200
—
2020
$101
—
$7,200
—
2019
$101
—
$7,200
—
2018
$101
—
$7,200
—
2017
$101
—
$7,200
—
2016
$101
5%
$7,200
—
2015
$96
—
$7,200
—
2014
$96
-67%
$7,200
145%
2013
$288
—
$2,944
—
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 929 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

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Listed by Keller Williams Liberty Place, Alyce Gerhardt

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929 N 40th Street, Philadelphia, PA 19104 (MLS# PAPH2593180) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 929 N 40th Street is currently listed for $1,300,000 and was received on March 11, 2026. Want to learn more about 929 N 40th Street? Do you have questions about finding other Multi-Family real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.

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