Pamela Schwartz
Pamela Schwartz
RS278294

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705 N 40TH STREETPHILADELPHIA, PA 19104

Multi-Family · 2,400 Sq. ft. | 0.04 Acres
$715,000 ACTIVE

705 N 40TH STREET Overview

Time on Site:
635 days
Visits:
2

This is new rehab done 1 years ago. There are 3 upscale apartments with 2 bedrooms and 2 bathrooms each. All units inside finish high-quality tile, hard wood floor, stainless-steel appliances, washer/dryer. Each unit has its own HVAC high efficiency, heat and central air. Well, laid out floor plans. Conveniently located near schools, parks, and public transportation. Minutes to PENN, Drexel, CHOP, PENN Hospitals.

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705 N 40TH STREET Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,400
  • Price/Sq.ft. $298
  • Lot 0.04 Acres

Details

General

Income/Expenses

  • Existing Lease Type: Yearly
  • Income Includes: Apartment Rentals

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 2400
  • Year Built: 1960

Location/Region

  • Country: US
  • County: PHILADELPHIA
  • County Or Parish: PHILADELPHIA
  • MLS Area Major: 19104 (19104)
  • Subdivision Name: UNIVERSITY CITY

Parking Information

  • Type of Parking: On Street,Driveway

Tax Information

  • City/Town Tax: 2411.00
  • City/Town Tax Payment Frequency: Annually
  • School Tax: 3068.00
  • Tax Annual Amount: $5,480.00
  • Tax Assessed Value: 391500.00
  • Tax Year: 2025

General Information

  • Exclusions: Tenants belongings
  • Property Condition: Excellent
  • Property Sub Type: Triplex
  • Property Type: Multi-Family
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: RSA5

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Interior Row/Townhouse

Building Interior

  • Above Grade Finished Area: 2400
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: Yes
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Central A/C
  • Fireplace: No
  • Foundation Details: Other
  • Living Area: 2400
  • Living Area Source: Assessor
  • Units Furnished: None

Unit Information

  • One Bedroom Units Count: 0
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 3

Exterior

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Dimensions: 17.00 x 105.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1785.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Masonry

General Information

  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number Of Units Vacant: 1
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Utilities: Electric Available
  • Water Access: No

705 N 40TH STREET Neighborhood

Community

19104 (PHILADELPHIA) Demographics

23
Median Age
16,705
Population Density (per sq. mile)
45%
College Educated
$28,603
Estimated Median Income
3,460
Estimated Total Home Owners
13,048
Estimated Total Renters
21% / 79%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

705 N 40TH STREET Monthly Cost

$
$ %
%
$
$
Lauren Gyza
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

705 N 40TH STREET Market Data

Based on the last 30 days in this zip code

$334,006
Average List Price
$193
Average Price per Square Foot
7
Properties Sold
101
Average Days on Market
122
Properties for Sale
Calculations provided by Reliance Network

705 N 40TH STREET History

Date Event Value Agent
1/14/2025Source: BRIGHT MLS Price Reduction
$715,000 -1.4%
12/3/2024Source: BRIGHT MLS Price Reduction
$175,000 -22.2%
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
12/3/2024Source: BRIGHT MLS Added to Database
August 09, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 09, 2022
12/3/2024Source: BRIGHT MLS Status Change
CLOSED
12/3/2024Source: BRIGHT MLS Added to Database
October 03, 2024
Listing provided courtesy of Burke Property Group- MLS# PAPH2405824MLS ProviderContact Information: [email protected] - 2156355500