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New Construction
Street View
$1,225,000
Monthly Est:$6,097
-- Bed
-- Bath
5,032sqft
929 N 40Th St, Philadelphia, PA 19104
$1,225,000
$6,097/moEst:
Get Pre-Approved
Multi Family
Built in 2025
$-- HOA
2,795 sqft lot
$243/sq.ft
Description
929 N 40th Street presents a strong mixed-use investment opportunity with immediate cash flow, diversified income, and built-in rent growth. This property features six income-producing spaces, including one commercial unit and five residential units.
The property currently generates $8,992 in monthly gross income, totaling $107,904 in annual gross income. Based on the provided expenses, the property produces an estimated annual NOI of approximately $101,808–$101,908, in-place cap rate of 8%.
The commercial space is leased at $2,250 per month on a 5-year lease with 3% annual increases, providing investors with stable income and built-in rent growth. Residential rents inc...
- Houzeo last checked: 8 minutes ago
- Listing updated: August 3, 2026 at 3:16 pm
- Listing Provided by: Alyce Gerhardt (570) 690-8064 | Keller Williams Liberty Place (609) 399-5454
- Source: Bright MLS-NJ | MLS#: PAPH2646188
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
2025
HOA Fees
-
Finished Area
5,032 sqft
Lot Size
2,795 sqft lot
Basement Area
- sqft
MLS Name
Bright MLS
MLS Number
PAPH2646188
MLS Status
ACTIVE-BRIGHT
Days on Market
26
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Heating
Forced Air
Cooling
Central A/c
Sewer
Public Sewer
Construction
Year Built
Year Built: 2025
Home type
Multi Family
Architectural Style
Other
Construction Materials
Brick
Property Condition
Excellent
Utilities & Energy
Water Source
Public
Price History
| Date | Event | Price |
|---|---|---|
07/09/2026 Source: | Price Increased | $1,265,000 +3.27% $251/sqft |
07/09/2026 Source: | Price Decreased | $1,225,000 -3.31% $243/sqft |
06/29/2026 Source: | Price Decreased | $1,267,000 -1.02% $252/sqft |
06/08/2026 Source: | Listed for Sale | $1,280,000 +1.03% $254/sqft |
03/11/2026 Source: | Off Market | $1,267,000 -2.54% $252/sqft |
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Based on information from Bright MLS through Sep 20, 2026, 03:00AM. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2026 Bright MLS, Inc. All Rights Reserved. Click here for more information
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