327 N 40th St

327 N 40th St, Philadelphia, PA 19104

  • For Sale $1,985,000
  • Property Type Multi-Family
  • Property Size 9,800 SF
  • Units 6
  • Lot Size 0.07 Acre
  • Year Built 2018
  • Date Updated Feb 21, 2025
-SCOPE Commercial Real Estate Services, LLC "SCOPE" is pleased to present the opportunity to acquire 327 N 40th Street, a 6-unit multifamily asset in Philadelphia. 327 N 40th Street was built in 2015 and comprises one two-bed, one-bath unit, one three-bed, two-bath unit, one three-bed, two-and-a-half-bath unit, two four-bed, three-bath units, and one four-bed, three-and-a-half-bath unit. All units are fully occupied achieving an average rent of $2,361. The property has four years remaining on a 10-year tax abatement that ends in 2029. There is attractive agency financing assumable to buyers at a 4.72 percent rate with three years remaining. The cash-on-cash return with the assumable financing boosts from 4.89 percent to 7.86 percent. If rents are raised to meet the market, new ownership can capitalize on an approx. seven percent upside in rents increasing the cap rate to over 7.5 percent. Units feature in-unit washers & dryers, a full stainless steel appliance package including dishwashers, luxury vinyl flooring, granite countertops, and self-controlled central AC. The bathrooms have tile flooring and full-sized tubs. Community amenities include a shared rooftop, back courtyard, and secure entry. Located in the heart of University City, 327 N 40th Street offers the perfect blend of convenience and neighborhood charm. Just a five-minute walk from the 40th Street SEPTA Station, residents enjoy quick access to public transportation, Penn Medicine, the University of Pennsylvania, and Drexel University. The area is known for its vibrant mix of restaurants, cafés, and shops, as well as cultural hubs like the Tiberino Museum and the Philadelphia Dance Company. Lancaster Avenue, a lively corridor nearby, is home to art spaces, galleries, and local coffee shops, making it a favorite for students, professionals, and creatives alike. For outdoor recreation, Drexel Park provides green space and skyline views, while farmers markets and community events add to the neighborhood’s energy. With tree-lined streets, a mix of historic and modern housing, and easy access to Center City, this walkable and well-connected area offers an ideal urban lifestyle.
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Highlights

  • 6-Unit Multifamily Asset | University City District
  • Unit Mix | One Two-Bed, Two Three-Beds, and Three Four-Beds
  • 10-Year Tax Abatement in 2015 | Abatement Ends in 2029 and has 4 years remaining
  • Attractive Agency Financing | 4.72 Percent Interest Rate with 3 Years Remaining; Cash-on-Cash Boosts from 4.89 Percent to 7.86 Percent
  • Rental Upside | Seven Percent Upside in Market Rents; Boosts Cap Rate to Over 7.5 Percent
  • High-Quality Finishes | In-Unit Washers & Dryers, Hardwood Flooring, Granite Countertops, and More
  • Strong Rental Market | 100 Percent Occupied | Outstanding Rental Pool of Students, Young Professionals, and Families
  • World Class Eds & Meds | Access to UPenn, Drexel, St. Joseph's, CHOP, & Penn Medicine

Contacts

broker
Fahd Malik

SCOPE Commercial Real Estate Services

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    90/100 Rider's Paradise

  • Bike Score ®

    99/100 Biker's Paradise
Powered by Walk Score ®
  • City Philadelphia, PA
  • Neighborhood Saunders Park
  • Zip Code 19104
  • Market Philadelphia

Points of Interest

  • Lancaster Avenue & Spring Garden Street

    0.16 miles

  • Lancaster Avenue & Haverford Avenue

    0.19 miles

  • Lancaster Avenue & Wallace Street

    0.28 miles

  • Lancaster Avenue & 41st Street

    0.42 miles

  • Lancaster Avenue & 36th Street

    0.43 miles

  • 36th Street & Lancaster Avenue

    0.44 miles

  • 36th Street Portal

    0.51 miles

  • Lancaster Avenue & 42nd Street

    0.55 miles

  • 36th St

    0.56 miles

  • 34th St

    0.61 miles

  • Getty Gas

    0.05 miles

  • Sunoco

    0.68 miles

  • Gas & Mini Mart

    1.03 miles

  • Exxon

    1.45 miles

  • Gulf

    1.46 miles

  • J&H Car Charging Station

    2.93 miles

  • EVgo

    3.11 miles

  • Blink

    3.76 miles

  • Tesla Supercharger

    3.91 miles

  • ChargePoint

    4.37 miles

  • 40th Street Parking Lot

    0.38 miles

  • Walnut Hill College Lot

    0.44 miles

  • K99-Lot

    0.48 miles

  • D-Lot

    0.53 miles

  • C - Lot

    0.55 miles

  • CHOP Visitor Parking

    0.58 miles

  • Spruce Garage

    0.58 miles

  • P-Lot

    0.62 miles

  • R-Lot

    0.62 miles

  • Drexel Lot G

    0.65 miles

  • Red Cross House

    0.08 miles

  • Homewood Suites University City

    0.40 miles

  • Sheraton Philadelphia University City Hotel

    0.54 miles

  • Hilton Inn at Penn

    0.55 miles

  • The Gables

    1.06 miles

  • The Rittenhouse Hotel

    1.66 miles

  • Four Seasons Hotel Philadelphia at Comcast Center

    1.67 miles

  • Motto by Hilton

    1.68 miles

  • The Logan Philadelphia, Curio Collection by Hilton

    1.70 miles

  • Sonesta Philadelphia Rittenhouse Square

    1.74 miles

  • Fresh Donuts

    0.16 miles

  • Lucky

    0.18 miles

  • Bart's Bagels

    0.19 miles

  • Virasat Haveli

    0.20 miles

  • Bo Sing Chinese-American Food

    0.20 miles

  • Hamilton Restaurant

    0.20 miles

  • Crown Fried Chicken

    0.21 miles

  • Texas Weiners

    0.22 miles

  • Stacey's Pizza

    0.28 miles

  • Dim Sum House by Jane G's - University City

    0.29 miles

  • Paul Robeson High School for Human Services

    0.30 miles

  • Brightside Academy

    0.34 miles

  • Saint James School

    0.43 miles

  • Powel Elementary School

    0.45 miles

  • The Restaurant School at Walnut Hill College

    0.46 miles

  • Our Mother of Sorrows/ St Ignatius School

    0.46 miles

  • Walnut Hill College

    0.47 miles

  • The Helms Academy - Philadelphia

    0.47 miles

  • Belmont Charter School

    0.48 miles

  • Montessori Genesis II Elementary School

    0.48 miles

  • Brightside Academy

    0.17 miles

  • Haverford Center Comprehensive Day School

    0.69 miles

  • Chesterbrook Academy Preschool

    0.74 miles

  • Caring Center Pre-K

    0.78 miles

  • Heavenly Hall Day Care Learning Center

    0.87 miles

  • Teachable Moments Childcare

    0.93 miles

  • The Creation Station Daycare & Preschool

    0.98 miles

  • Childspace West

    1.16 miles

  • Westside Community Day Care Center

    1.29 miles

  • Hickman Temple Day Care and Learning Center

    1.42 miles

Frequently Asked Questions

How much does 327 N 40th St cost?

The space currently listed for sale at 327 N 40th St asks for $1,985,000.

What is the total square footage of 327 N 40th St?

327 N 40th St totals 9,800 square feet.

When was this property built?

327 N 40th St was built in 2018.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Fahd Malik

SCOPE Commercial Real Estate Services

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