Backup offers
$10,000 Closing Credit¹
#PAPH2430570, Steven Onesti, Listing Office: KW Empower
$10,000
closing credit¹
321 N 40th St Philadelphia, PA 19104
$1,575,000 List price
$10,000
Closing credit¹
5,792 sqft
0.05 acres
$272 / sqft
House
Property details
About 321 N 40th St
This fully occupied five-unit building commands an annual gross rental income of over $128,000. Constructed in 2016, it benefits from a tax abatement that will continue through 2026. Each unit is equipped with separate utilities and dedicated HVAC systems, ensuring optimal comfort and efficiency. The apartments showcase high-quality finishes, including hardwood flooring, granite and stainless-steel kitchens with Shaker cabinetry, dishwashers, built-in microwaves, and tile bathrooms. Each unit includes its own washer and dryer, and all but one apartment is partially furnished. Additionally, a spacious unfinished basement provides ample storage. The property consists of two 5-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and two 2-bedroom, 1-bath units. Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City—an undeniable opportunity for any investor.
Highlights
Home typeOther
HeatingCentral, Zoned
StatusActive
(ACTIVE)
(ACTIVE)
CoolingCentral Air, Zoned
Size5,792 sqft
BasementYes
Lot size0.05 Acres
Year built2016
MLS #PAPH2411534
Summary
- MLS Number: PAPH2411534
- MLS Name: BRIGHT
- Office Name: Compass Pennsylvania, LLC
- Office Phone: (610) 822-3356
- Office Email: marianne.dillon@compass.com
- Listing Agent: Jordan B Wiener
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 7:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,575,000
321 N 40th St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 07, 2020 | Home Sold | $1,300,000 |
| May 15, 2014 | Home Sold | $375,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $- | $1,618 |
| 2022 | $115,630 | $1,161 |
| 2021 | $- | $1,161 |
| 2020 | $830,100 | $1,161 |
| 2019 | $824,000 | $1,153 |
| 2017 | $58,400 | $817 |
History based on county public records data.
Nearby schools
5
Samuel Powel Elementary School
Public District KG-4
0.4 mi
•301 N 36th St
3
Inquiry Charter School
Public Charter PK-5
1.2 mi
•1301 Belmont Ave
3
Universal Institute Charter School at Bluford
Public Charter KG-6
2.1 mi
•5801 Media St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $11,828. The most common annual income of people living in Philadelphia, PA is less than $<35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
91%
<35k
7%
35k-100k
0%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
82%
Single, No Kids
8%
Single, with Kids
8%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
5%
12-17 yrs old
27%
18-34 yrs old
28%
35-64 yrs old
28%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 321 N 40th St
This home is located at 321 N 40th St in Philadelphia, PA and zip code 19104 in the Powelton neighborhood. This 5,792 square foot home, which was built in 2016, sits on a 0.05 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $1,575,000.
While more than 152 listings in Philadelphia, PA in January 2025 were sold above asking price, there were more than 186 listings sold at asking price, and more than 457 were sold below. The number of homes for sale in Philadelphia, PA increased by 3.5% between December and January 2025. In January 2025 median list price was $266,945 and the average listing age was 52 days.
From Rocket Homes Real Estate and based on county public records data.