For Sale Multi-Family MLS# PAPH2681314

833 N 40TH ST

PHILADELPHIA, PA 19104

$1,075,000

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About 833 N 40TH ST

Prime Investment Opportunity – Fully Occupied New Construction 5-Unit Multifamily in Mantua! Welcome to 833 N 40th Street, an exceptional investment opportunity in Philadelphia's rapidly evolving Mantua neighborhood! This newly constructed, fully occupied five-unit multifamily property offers immediate rental income, modern construction, and the added financial advantage of a tax abatement. Featuring five residential units, all currently occupied, this income-producing property is an excellent addition to any investment portfolio. Enjoy the benefits of newer construction, reduced potential for near-term maintenance expenses, and an existing tenant base providing income from day one. The tax abatement adds further appeal, offering the potential for reduced property tax expenses and enhanced cash flow. Located in the heart of Mantua, an area experiencing ongoing revitalization and new development, this property is conveniently situated near University City, Drexel University, the University of Pennsylvania, public transportation, and major commuter routes. Its location offers access to some of Philadelphia's most prominent educational and employment centers. Whether you're a seasoned investor expanding your portfolio or looking to acquire a newer income-producing asset, 833 N 40th Street presents an outstanding opportunity for immediate cash flow and long-term investment potential. Fully occupied, five units, new construction, tax abatement, and a prime location in Mantua! Don't miss this opportunity to add a valuable multifamily asset to your portfolio. Schedule your private showing today!

Property details

Property

Type
Five or more units
MLS type
Multi Family Home
Status
Active
Year built
2023
Lot
0.05
Original price
$1,075,000
MLS #
PAPH2681314

Interior

Features
Central A/C, true, Forced Air, Natural Gas, Hardwood, Ceramic tile
Flooring
Hardwood, Ceramic tile
Heating
true, Forced Air
Cooling
Central A/C

Exterior & lot

Construction
Concrete, Metal Siding, Brick, Flat, Rubber
Roof
Flat, Rubber
Lot
RM1, 881000946

Schools

District
Philadelphia City School District

Utilities

Utilities
Public Sewer, Public, 100 amp service
Water
Public
Sewer
Public Sewer

Financial

Financial
BRIGHT_MAIN
Annual tax
$8,453
Tax year
2026
Parcel
881000946

Location

Subdivision
MANTUA
Area
19104 (19104)
County
PHILADELPHIA-PA
Neighborhood
Mantua
Community
PHILADELPHIA-PA, BRIGHT_MAIN, THE SCHOOL DISTRICT OF PHILADELPHIA
Directions
Take N 40th Street to Parrish Street. The property is located at the corner of N 40th Street and Parrish Street.

Location

Neighborhood
Mantua
Subdivision
MANTUA
School district
Philadelphia City School District

Ask about this property

Questions on 833 N 40TH ST, PHILADELPHIA, PA 19104, or want to see it in person?

Listed by Denise A Frazier, Keller Williams Main Line

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.