MLS: #PAPH2646188, Listed By: Alyce Gerhardt, Keller Williams Liberty Place, Source:Bright MLS
929 N 40th Street
PHILADELPHIA, PA 19104
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Bed
0
Bath
5,032Sqft
0.06Acre(Lot)
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 include Unit A at $1,150/month, Unit B at $1,692/month, Unit C at $1,300/month, Unit D at $1,300/month, and Unit E at $1,30
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Appliances: Electric Water Heater -
Heating & Cooling
Has Heating: Yes Heating: Electric, Forced Air Has Cooling: Yes Cooling: Central Air, Electric
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Building Information
Year Built: 2025 Building Area Total: 5032 Construction Materials: Brick Pool Features: None Private Pool: No
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Lot Information
Lot Dimensions: 16.00 x 95.00 Lot Size Acres: 0.06 Lot Size Source: Estimated Lot Size Square Feet: 2795
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Listing Price Information
Listing Price: $1225000
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Tax Information
Parcel Number: 881000914 Tax Lot: 140 Tax Year: 2025 Annual Tax: $100
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Parking Information
On Street
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Location Information
Direction: GPS WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 743 N Market Street, Philadelphia, PA, 19104 | $525,000 | 4 | -- | 10,368 | 0.08 Acre |
| 3101 Haverford Avenue, Philadelphia, PA, 19104 | $625,000 | 5 | -- | 2,304 | 0.03 Acre |
| 521 N 34th Street, Philadelphia, PA, 19104 | $3,675,000 | 28 | -- | 11,700 | 0.11 Acre |
| 516 N 34th Street, Philadelphia, PA, 19104 | $1,250,000 | 12 | -- | 4,731 | 0.04 Acre |
| 641 N 34th Street, Philadelphia, PA, 19104 | $220,000 | 2 | -- | 1,004 | 0.02 Acre |
| 3414 Spring Garden Street, Philadelphia, PA, 19104 | $829,000 | 6 | -- | 3,214 | 0.09 Acre |
| 3424 Wallace Street, Philadelphia, PA, 19104 | $650,000 | 4 | -- | 3,672 | 0.03 Acre |
| 3602 Powelton Avenue, Philadelphia, PA, 19104 | $1,250,000 | 7 | -- | 3,150 | 0.07 Acre |
| 3627 Powelton Avenue, Philadelphia, PA, 19104 | $985,000 | 6 | -- | 2,712 | 0.07 Acre |
| 623 N 36th Street, Philadelphia, PA, 19104 | $925,000 | 6 | -- | 3,264 | 0.02 Acre |
Similar Multifamily To 929 N 40th Street
Nearby For Sale
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and 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 this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.
ByOwner last updated this listing 09/20/2026 @ 13:17
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