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327 N 40th St 6 Unit Apartment Building $2,551,113 CAD ($425,186 CAD/Unit) 7.74% Cap Rate Philadelphia, PA 19104
INVESTMENT HIGHLIGHTS
- FULLY STABILIZED, HIGH-YIELD ASSET -Six fully leased units generating $14,746/month or $176,952/year in potential rent.
- DESIRABLE UNIT MIX - Diverse layouts, including 2BD, 3BD, and 4BD units, tailored to the student and roommate market.
- PRIME UNIVERSITY CITY LOCATION \ - Steps from UPenn, Drexel, Penn Medicine, and major SEPTA transit.
- PREMIUM FINISHES + OUTDOOR AMENITIES -Includes private roof deck, backyard, large living spaces, modern kitchens, and in-unit laundry.
- MODERN CONSTRUCTION (2018) - Turnkey asset with updated systems, reducing future CapEx exposure.
- CAPITAL IMPROVEMENT-Brand new TPO roof with a 25-year warranty.
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$197,340
|
$16.30
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $197,340 |
| Annual Per SF | $16.30 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Double Vanities
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Yard
- Breakfast Nook
- Deck
- Den
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Handrails
- Instant Hot Water
- Island Kitchen
- Linen Closet
- Pantry
- Skylights
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Smoke Free
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3.5 | 1 | - | 1,350 |
| 4+3 | 2 | - | 1,250 - 1,300 |
| 3+2.5 | 1 | - | 1,200 |
| 2+2 | 1 | - | 850 |
| 3+2 | 1 | - | 1,200 |
Walk Score®
Very Walkable (89)
Transit Score®
Rider's Paradise (90)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Number | 881161740 | Improvements Assessment | $1,316,540 CAD (2026) |
| Land Assessment | $232,331 CAD (2026) | Total Assessment | $1,548,870 CAD (2026) |
PROPERTY TAXES
Parcel Number
881161740
Land Assessment
$232,331 CAD (2026)
Improvements Assessment
$1,316,540 CAD (2026)
Total Assessment
$1,548,870 CAD (2026)
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327 N 40th St
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