New Construction Multifamily
For Sale
Contact for pricing
Pending
746 N 40th St, Philadelphia, PA 19104
Two new construction multifamily buildings total 24 units, including one- and two-bedroom apartments with central air and in-unit laundry.
Property SizeContact for details
Days on Market119
Property Features for 746 N 40th St
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
24
Listing Agency:
Scope Investment Real Estate Services
Listed By:
Phil Sharrow · License #PA RSR002048
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Aug 8 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
SCOPE Commercial Real Estate Services, LLC (“SCOPE”) is pleased to present the opportunity to acquire two new construction multifamily buildings at 746 and 748 North 40th Street. The property totals 24 units, consisting of (2) one-bedroom units and (22) two-bedroom units. All units are served by central air and include a dishwasher, washer and dryer. Kitchens feature quartz countertops, stainless steel appliances, and upgraded cabinetry and backsplashes. Bathrooms include quartz countertop vanities and ceramic tiled showers.
The buildings are located in the Belmont neighborhood, just northwest of Drexel University’s main campus.
Tenant occupancy is through the Philadelphia Housing Authority (PHA), with tenants part of the PHA program and the majority of rents paid and guaranteed by PHA, supporting rental stability tied to housing assistance.
The buildings are located in the Belmont neighborhood, just northwest of Drexel University’s main campus.
Tenant occupancy is through the Philadelphia Housing Authority (PHA), with tenants part of the PHA program and the majority of rents paid and guaranteed by PHA, supporting rental stability tied to housing assistance.
Key Highlights
- Two new construction multifamily buildings at 746 and 748 North 40th Street, totaling 24 units
- Unit mix: 2 one‑bedroom units and 22 two‑bedroom units
- All tenants are Philadelphia Housing Authority (PHA) tenants with rents majority paid and guaranteed by PHA
Property Analytics
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
7,610
Businesses Nearby
Explore this area
Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two new construction multifamily buildings total 24 units, including one- and two-bedroom apartments with central air and in-unit laundry.
Where is this apartment building located?
The property is located at 746 N 40th St Philadelphia, PA.
What are key features of this property?
This property features: Two new construction multifamily buildings at 746 and 748 North 40th Street, totaling 24 units; Unit mix: 2 one‑bedroom units and 22 two‑bedroom units; All tenants are Philadelphia Housing Authority (PHA) tenants with rents majority paid and guaranteed by PHA
