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929 40th St
Philadelphia, PA 19104
Multifamily Property For Sale
·
6 Units
Investment Highlights
- TOP DESTINATION IN WORLD TO VISIT IN 2026 - WSJ
- 10 YEAR TAX ABATEMENT
- UNIVERISTY CITY - EDS + MEDS POWERHOUSE ECONOMIC DISTRICT
- TOP-10 USA MSA - RENT GROWTH - 2026
- NEW CONSTRUCTION 6-UNIT
Executive Summary
Turnkey new construction multifamily in the University City area of Philadelphia, Pennsylvania — the #1 destination to visit in the world for 2026 (WSJ) and a Top-10 USA MSA for rent growth (2026). Six (6) units spanning ±5K SF on a prominent cornel parcel with serious curb appeal. 10 Year Tax Abatement. Minimal OPEX, above-average rent growth forecast. Easy access to the “EDS + MEDS” powerhouse economic district with world-class employers, institutions, healthcare systems, universities and corporations — UPENN, CHOP, HUP, Drexel University, Science Center, Schuylkill Yards, Amtrak’s 30th Street Station, Philadelphia Zoo, Boathouse Row, Kelly Drive, Museums District — all within reach from North 40th — insulating the property with rental demand for years to come.
Property Facts
| Price Per Unit | $216,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| No. Units | 6 | Building Size | 5,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2025 |
| Zoning | CMX1 - Neighborhood Commercial Mixed Use | ||
| Price Per Unit | $216,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | CMX1 - Neighborhood Commercial Mixed Use |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
Property Taxes
| Parcel Number | 243237500 | Improvements Assessment | $142,080 |
| Land Assessment | $35,520 | Total Assessment | $177,600 |
Property Taxes
Parcel Number
243237500
Land Assessment
$35,520
Improvements Assessment
$142,080
Total Assessment
$177,600
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Contact the Sale Advisor
929 40th St