512 N 40TH ST
Philadelphia, PA 19104

Sold 5/23/2016
  • 2,316
Multi-Family Home

PRICE REDUCTION. Future homeowner? University student/employee? Renter? Savvy investor? ALL OF THE ABOVE! Why not own your own home and have someone else pay your mortgage? This 3-story brick triplex - end unit - (per current city cert property is zoned as a triplex) could be yours! Convenient to Penn, CHOP, Drexel and USP. In this multi-family home the tenants pay their own electric baseboard heat. Replacement windows. Roof, electric service and hot water heater all replaced, updated kitchens in units 1 and 2. (Property meter pays for hot water heater and efficiency cooking gas only.) Open front porch, 1st floor unit: 2 bedrooms, 1 bath, living room, kitchen, access to rear yard and basement. 2nd floor unit: studio with loads of light in the kitchen from the rear and side yards. Last rented at $ 550 plus utilities in August 2015. 3rd floor unit: 3 bedrooms, 1 bath, kitchen with dishwasher and gas cooking, living room, laundry room includes washer and dryer 'as is.' Last rented in August 2015 at $ 995 per month plus utilities. High ceilings, some original moldings, most likely wood floors under carpet. Convenient to Center City, public transportation, shopping, restaurants, cultural institutions, parks and recreation. Within borders of Penn Home Ownership Program. Appears to be eligible for PHO Program for Closing Cost Reduction Program and Forgivable Loan Program. Property is being sold 'as is.' Please remind your Realtor to check the all doors are locked up. Thank you.

Property Details
  • Philadelphia
    school district
  • $2,779.00
  • 1947
  • 3
  • 6651803
Electric heat
Baseboard heater(s)
Full basement
School district: Philadelphia
On street parking
Brick exterior
Lot acreage is: 0.03
Lot dimension is: 16X91
Lot zoned: RM1
Public sewer
Public water
Units in building(s): 4
Property style: 1
Tax year: 2016
Bedrooms in unit #1: 2
Bedrooms in unit #3: 3
Baths in unit #1: 1
Baths in unit #2: 1
Baths in unit #3: 1
Courtesy of:
Springer Realty Group - Exton

Call (855) 464-2662

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Get more info or schedule a showing:
Name Type GreatSchools
Locke Alain School Elementary School, Middle School / Public 1 0.54 mi.
West Philadelphia High School High School / Public 1 0.94 mi.
Belmont Charter School * Elementary School, Middle School / Public 2 0.37 mi.
Greater Love Christian Academy * Elementary School, Middle School, High School / Private N/A 0.08 mi.
Philadelphia Elwyn Institute * Elementary School, Middle School / Private N/A 0.35 mi.
Davidson School-Philadelphia * High School / Private N/A 0.33 mi.
Address Distance Sale date Sale price
512 N 40TH ST 0 mi. 5/23/2016 $238,000
4006 HAVERFORD AVE 0.05 mi. 3/24/2017 $240,000
4029 BARING ST 0.12 mi. 4/14/2016 $255,000
638 N 40TH ST 0.19 mi. 7/25/2016 $220,000
4110 BARING ST 0.24 mi. 12/28/2017 $257,500
3824 LANCASTER AVE 0.26 mi. 2/16/2018 $356,000
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512 N 40TH ST, Philadelphia, PA 19104 multi-family home was sold for $238,000.
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Data last updated: 3/24/2018.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.