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Tamika R. Johnson

tamika@tamikajohnson-realtor.com +1(240) 602-4348

Listed by Shannon Wedell Squire • Trinity Property Advisors

$ 168,000

Est. payment -/mo

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810 N 40TH ST Philadelphia, PA 19104

1 Bath

1,490 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,490 sqft

Price per Sqft $112

Subdivision Mantua

MLS Listing ID PAPH2480634

Style AirLite

Half Baths 1

HOA Y/N N

Abv Grd Liv Area 1,490

Year Built 1920

Annual Tax Amount $1,038

Tax Year 2024

Lot Size 944 Sqft

Acres 0.02

Lot Dimensions 16.00 x 59.00

Source BRIGHT

Property 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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RM1

Rooms

Basement Unfinished

Interior

Hot Water None

Heating None

Cooling None

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 2

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style AirLite

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Senior Community No

Tax ID 871510940

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Tamika R. Johnson

Broker Associate | License ID: 607079

+1(240) 602-4348

Tamika R. Johnson

810 N 40TH ST Philadelphia, PA 19104

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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810 N 40TH ST