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 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 7.01% cap rate, excluding the remaining 2 and a half years on the remaining tax abatement and $272/SF, this is a rare opportunity to acquire a stabilized, income-generating property in a premier university-adjacent submarket.

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 Drexel, UPenn, Penn Medicine, and major SEPTA transit.

Strong Financials
Offered at a 7.01% cap rate (excluding remaining tax abatement) and $272/SF with efficient expense structure.

Capital Improvement

Brand new TPO roof with a 25-year warranty. 

Property Overview

Property Name: 327 N 40th Street

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: 6,800 SF

Lot Size: 0.08 Acres

Price: $1,850,000

Price per Unit: $308,333

Price per SF: $272.06

Cap Rate: 7.01% (Excluding Remaining Tax Abatement)

In-Place Income: $14,746/month