Trophy Commercial Real Estate is pleased to present 327 N 40th Street, a fully stabilized six-unit multifamily property located in the heart of West Powelton Village, adjacent to University City, Philadelphia. Constructed in 2018, the building features large, high-yielding units with premium finishes, private outdoor spaces, and in-unit laundry. The unit mix includes a majority of larger-than-average four-bedroom units, along with two- and three-bedroom units. 

Positioned just blocks from UPenn, Drexel University, Penn Presbyterian Medical Center, and the Market-Frankford Line, 327 N 40th offers an investor secure long-term returns in one of the city's strongest rental corridors. The property is currently fully leased and generates $14,746/month in gross income. Offered at a 7.74% cap rate, the building has over 3 years on the remaining tax abatement and $238/SF, this is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.

Investment Highlights:

• Investment Highlights

• Fully Stabilized, High-Yield Asset

• Six fully leased units generating $14,746/month or $176,952/year in potential rent.

• Premium Finishes + Outdoor Amenities

• Includes private roof deck, backyard, large living spaces, modern kitchens, and in-unit laundry.

• Desirable Unit Mix

• Diverse layouts, including 2BD, 3BD, and 4BD units, tailored to the student and roommate market.

• Modern Construction (2018)

• Turnkey asset with updated systems, reducing future CapEx exposure.

• Prime University City Location

• Steps from UPenn, Drexel, Penn Medicine, and major SEPTA transit.

• Strong Financials

• Offered at a 7.74% cap rate and $272/SF with efficient expense structure.

• Capital Improvement

• Brand new TPO roof with a 25-year warranty. 

Property Overview

• Address: 327 N 40th Street, Philadelphia, PA 19104

• Neighborhood: West Powelton / University City

• Year Built: 2018

• Property Type: Multifamily

• Zoning: RM1

• Number of Units: 6

• Stories: 3

• Building SF: 7,770 SF

• Lot Size: 0.08 Acres

• Price: $1,850,000

• Price per Unit: $308,333

• Price per SF: $238.09

• Cap Rate: 7.74%  

• Tax Abetment: Until end of 2028

• In-Place Income: $14,746/month

Asking Price: $1,850,000

Units: 6

Bedrooms: 20

SF: 6,800

Price/Unit: $308,333

Price/Bedroom: $92,500

Price/SF: $238.06

Cap Rate (Year 1): 7.74% (Excluding Remaining Tax Abatement)