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Property view

616 N 40th St, 
Philadelphia, PA 19104

$951,000

8

Beds

—

Bath

4,968

Sq Ft

Multi-Family

Sold

Listed by

Ilya Rabovetsky

Bought with Compass Pennsylvania, LLC

Redblock Realty Inc.

MLS#

PAPH2226364

Source:

BRIGHTMLS

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About This Home

616 N 40th St

Enormous new construction triplex plus separate office space with street frontage. Rent to PENN, DREXEL, CHOP, PENN MEDICAL STUDENTS AND PROFESSIONALS! 4 units total! 1st floor apartment has large private yard with 2BR/2BATH. 2nd floor apartment has 3BR/3BATH. 3rd floor apartment has 3BR/3BATH with access to oversized roofdeck. Being sold at estimated 6.5% pro forma cap rate. Construction is almost complete. 10 year tax abatement! Disclosure: For security reasons, while vacant, property has alarm and remote video surveillance.

Home Facts

Multi-Family

8 Bedrooms

Price Summary

951,000

$191 per Sq. Ft.

MLS #:

PAPH2226364

Sold:

August 9, 2023

Rooms & Interior

Bedrooms

Total Bedrooms:

8

Structure

Structure

Building Area:

4,968 Sq. Ft.

Lot

Lot Size (Sq. Ft):

1,742

Finances & Disclosures

Finances

Price:

$951,000

Price per Sq. Ft:

$191 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.