305 N 41ST Street, Philadelphia, PA 19104
MULTI_FAMILY - PHILADELPHIA, PA
- Added:
- Jun 22, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 22 at 4:06 pm
Property Features for 305 N 41ST Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Dryer, Oven - Single, Stove, Stainless Steel Appliances, Washer, WaterHeater, Microwave, Range Hood, Oven/Range - Gas
- Standard status
- Active
- Size
- 2,505 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9461
Building Details
- Year built
- 1915
- Number of units
- 3
- Building materials
- Brick
Listing agent Dava Costello License #RS332269 (267) 304-1771
Listing office OCF Realty LLC - Philadelphia 1936 Washington Avenue, Philadelphia, PA (215) 735-7368
Listing date Jun 22, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully leased Philadelphia triplex with three 2‑bed, 1‑bath apartments
- Each unit includes in‑unit laundry and hardwood flooring
- Recently upgraded kitchens and bathrooms with stainless steel appliances and granite countertops
- Brick building built in 1915
- Lower‑level unit is the largest and features a private outdoor patio plus direct basement access for extra storage
- On‑street parking; near 40th Street Station (about two blocks) with Transit Score 99 and Walk Score 85
Overview
Located at 305 N 41st Street in Philadelphia’s West Powelton area, the property is positioned for everyday convenience. The home is walkable to multiple major university campuses, including UPenn and Drexel, and is minutes from University City hospitals and research centers. The listing also notes proximity to major transit options, including being two blocks from 40th Street Station, with rail, trolley, and bus access. Reported Walk Score is 85 and Transit Score is 99, supporting connectivity to Market Street, Lancaster Avenue, Spring Garden Street, Center City, I-76, and I-95.
For investors or owner-occupants, the appeal is straightforward: a turn-key, fully leased income setup with consistent unit layouts and interior upgrades, plus a lower-level unit that adds an outdoor patio and basement access for storage. The property’s shared entry configuration and well-defined amenities support a practical, tenant-ready living experience.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.6k | $25.80 |
| − Vacancy | −$3.6k | −$1.42 |
| EGI | $61.1k | $24.38 |
| − OpEx | −$18.3k | −$7.31 |
| NOI | $42.7k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.20494
- Latitude
- 39.95914