810 N 40th Street

PHILADELPHIA, PA 19104

  • 0 Bed(s)
  • 0.5 Bath(s)
  • 1,490 Sqft
  • 944
    Sqft(Lot)
$168,000

Description

This duplex zoned rm1 in philadelphia's mantua section offers a prime opportunity for investors looking to renovate and potentially expand a multi-unit property. this is an as-is sale. property is in need of a total rehab.

located in the west philadelphia promise zone, which could enhance long-term value appreciation.
mantua is experiencing significant revitalization, driven by its inclusion in the west philadelphia promise zone, a federal initiative aimed at reducing poverty and boosting development.
a notable $60-million project by lomax real estate partners is set to bring a grocery store and medical center nearby, potentially increasing local appeal.

this 1,490-square-foot duplex at 810 n 40th street, philadelphia, pa 19104, is situated in the vibrant mantua neighborhood. zoned rm1 for multi-unit residential use, it seems well-suited for investors seeking to capitalize on the area’s growth.

multifamily properties in philadelphia typically achieve cap rates of 5-6%. for a duplex like 810 n 40th street, assuming a purchase price of $250,000-$350,000 (based on area trends and comparable properties), investors could expect competitive returns.

2-bedroom apartments in mantua generally rent for $1,800-$2,000 per month. for a duplex with two 2-bedroom units, this could translate to a total annual rental income of approximately $43,200-$48,000.

located near drexel university and the university of pennsylvania, mantua benefits from consistent demand for rental housing from students, faculty, and staff. drexel’s expansion, including the schuylkill yards complex and community programs like the dornsife center, further drives interest in the area.

  • Property Type

    Residential

  • Subdivision

    Mantua

  • County

    PHILADELPHIA

  • Style

    AirLite

  • AD ID

    49692416

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Property Details

  • Bedroom Information

    • Total Bedrooms : 0
    • Master Bedroom Level: 0

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 0
    • Half Baths: 1

    Water/Sewer

    • Water Source : Public

    Interior Features

    • Basement Description: Unfinished

    Heating & Cooling

    • Cooling: None
    • Heating: None
    • Cooling Fuel: None
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1920
    • Structure: Other
    • New Construction: No
    • Built: 1920
    • Construction Material: Masonry
    • Foundation/Basement: Brick/Mortar
    • Architecture: AirLite
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: None

  • Lot Information

    • Lot Size: 944
    • Dimensions: 16.00 x 59.00
    • Lot Size (Acres): 0.02
    • Architectural Style: AirLite
    • Main Square Feet: 944

    Property Information

    • SQ ft: 1,490
    • SQ ft (Living Area): 1,490
    • Total Lot SQ ft: 944
    • Subdivision: MANTUA
    • Financing: Cash,Conventional
    • Appx. Lot Dimensions: 16.00 x 59.00
    • Total Acreage: 0.02
    • New Construction: No
    • Type: AirLite

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $1,038
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $74,200

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional

    Homeowners Association Information

    • Direction: Take I-76 E: Get on I-76 E. Exit onto US-30 W/W Girard Ave: Follow I-76 E to exit 342, which leads to US-30 W/W Girard Ave. Continue onto W Girard Ave: After exiting, merge onto W Girard Ave. Turn onto N 40th Street: Continue on W Girard Ave and turn onto N 40th St. Arrive at 810 N 40th St: Drive on N 40th St to reach 810 N 40th St.

  • School Information

    • School District: PHILADELPHIA CITY

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Natural Gas
    • Hot Water: None

    Location Information

    • Direction: Take I-76 E: Get on I-76 E. Exit onto US-30 W/W Girard Ave: Follow I-76 E to exit 342, which leads to US-30 W/W Girard Ave. Continue onto W Girard Ave: After exiting, merge onto W Girard Ave. Turn onto N 40th Street: Continue on W Girard Ave and turn onto N 40th St. Arrive at 810 N 40th St: Drive on N 40th St to reach 810 N 40th St.
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BuyOwner last updated this listing 05/13/2025 @ 11:28

  • MLS: PAPH2480634
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 0 bedrooms which is for sale, it has 1,490 sqft, 944 sized lot, and 0 parking. are nearby neighborhoods.