327 N 40th Street is a fully stabilized six-unit multifamily property located in the heart of West
Powelton Village, adjacent to University City, Philadelphia. Constructed in 2018, the building features large, high-yielding units with premium finishes, private outdoor spaces, and in-unit laundry. The unit mix includes a majority of larger-than-average four-bedroom units, along with two- and threebedroom
units. Positioned just blocks from UPenn, Drexel University, Penn Presbyterian
Medical Center, and the Market-Frankford Line, 327 N 40th offers an investor secure long-term returns in one of the city’s strongest rental corridors. The property is currently fully leased and generates $14,746/month in gross income. Offered at a 7.74% cap rate, the building has over 3 years on the
remaining tax abatement and $238/SF, this is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.
Property Features
Cooling Information
Central Air
Electric
Heating Information
Electric
Central
Water Features
Public
Parking
On Street
Listing Courtesy: Trophy Commercial Real Estate LLC - 215-608-5745