2 months on rocket

723 N 40th St, Philadelphia, PA, 19104

$599,000

Home List Price

$7,113*

Closing Credit

0 Baths
2,680 SqFt
$224/SqFt
Multi

Location

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723 N 40th St, Philadelphia$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingOn Street
Year Built1915
HeatingForced Air, Hot Water
CoolingCentral Air
BasementYes
MLS #PAPH2414572
Lot Size0.04 Acres
StatusActive
(ACTIVE)

About 723 N 40th St

Your dream investment opportunity has arrived! This impressive triplex has been beautifully renovated and is ready for its next savvy owner. Whether you’re looking to expand your investment portfolio or live in one unit while generating rental income from the others, this is the perfect property for you! Each of the three 2-bedroom, 1-bathroom units offers premium features including sleek white shaker cabinets, stainless-steel appliances, glass subway tile backsplash, black hardware accents, built-in microwaves, central air, and in-unit washer/dryers. You’ll also love the attention to detail with stylish wall paneling and the convenience of video doorbells and a fully equipped sprinkler system. Located in a prime area, you’re just minutes from University City, Drexel, UPenn, local dining, shopping, hospitals, and public transportation. Commuting is a breeze with easy access to the Market-Frankford Line, #10 trolley, and 41st Street Station, connecting you to all of Philadelphia’s regional train lines. Currently operating as AirBnB rentals, the units are generating solid income: $1,600 for Unit 1 (1st floor), $1,500 for Unit 2 (2nd floor), and $1,500 for Unit 3 (3rd floor). The unbeatable location puts you near iconic Philly landmarks like the Art Museum, Philadelphia Zoo, and Center City. Don’t miss out on this exceptional opportunity in one of the city’s most desirable areas! Schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1915
  • Living Area: 2,680 SqFt

Listing Office:

  • Office Name: United Real Estate
  • Office Phone: (484) 367-7727
  • Listing Agent: Joy Johnson

Interior Features

Interior Information:

  • Appliances: Microwave, Oven, Electric Range, Refrigerator, Washer/Dryer Stacked, Dishwasher
  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Hot Water
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Use GPS

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $224/SqFt

Tax Information:

  • Annual Amount: $1,674
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

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Philadelphia, PA

City

Med. Sold Price

$267.8K

Med. Price/SqFt

$202

Avg. Days On Market

49

# of Sold Homes

1027

723 N 40th St vs Philadelphia

68 DAYS ON ROCKET

+19 Days

$599,000

+$331.1K More

$224/SqFt

+$22 More

KEY TAKEAWAY

This property is $331.1K more than the Median Sold Price and $22/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2414572

Listing Office:

  • Office Name: United Real Estate
  • Office Phone: (484) 367-7727
  • Listing Agent: Joy Johnson

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 1:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 08, 2020Home Sold
$115,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,674 -
2019$1,612$115,200
2018$1,382$98,700
2017$1,382$98,700

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-469117
5
/10

  • Samuel Powel Elementary School

  • 301 N 36th St

  • 0.61 miles

  • Public District Grades KG-4

school-card-donut-469118
3
/10

  • Inquiry Charter School

  • 1301 Belmont Ave

  • 0.81 miles

  • Public Charter Grades PK-5

school-card-donut-469119
3
/10

  • Universal Institute Charter School at Bluford

  • 5801 Media St

  • 1.86 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,128. The most common annual income of people living in Philadelphia, PA is less than $35k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Philadelphia County›Philadelphia›19104›723 N 40th St

This home is located at 723 N 40th St in Philadelphia, PA and zip code 19104 in the Mantua neighborhood. This 2,680 square foot home, which was built in 1915, sits on a 0.04 acre lot. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $599,000.

In December 2024, from all listings sold in Philadelphia, PA there were more than 218 sold above asking price, over 580 sold below and more than 229 were sold right at the asked price. The number of listings in Philadelphia, PA decreased by 2.3% between November 2024 and December 2024. The median list price of listings available in December 2024 was $267,873, while the average time on the real estate market was 49 days.

From Rocket Homes Real Estate and based on county public records data.

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