423 N 40th Street, Philadelphia, PA 19104

Building Details

Year Built

2014

Listing agent Nicole Caprario

Listing office New Age Realty Group Inc

Listing date Jan 12, 2026

Source Deepcreeklake

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 New Age Realty Group Inc

Report an issue

---

Overview

This five-unit residential income property is well maintained and currently fully occupied, providing immediate rental income. The building is configured as separate apartments across five units, supporting an income-focused ownership structure.

Located in West Powelton Village, the property offers convenient access to transit, universities, and major employment centers. Its Philadelphia setting provides tenant demand drivers tied to nearby education and employment.

For investors or owner-operators seeking a small multifamily asset, this property offers straightforward five-unit operations with apartments already in place and generating rent. The current occupancy status can be particularly relevant for buyers looking for an income stream from day one, while still maintaining a manageable building size for ongoing property management.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Philadelphia

County

Delaware

State

Pennsylvania

Longitude

-75.2018677

Latitude

39.961131

Nearby Similar for Sale

• 

  $1,400,000

  5,000 SF

  Freestanding Commercial Building in Philadelphia

  Highly visible commercial building suitable for automotive, medical, retail.

  2040 NAPFLE AVENUE, PHILADELPHIA, PA 19152

  View Details
• 

  $850,000

  4,560 SF

  Freestanding Office Building on Corner

  Freestanding office with multi-office layout, full basement, and parking for 20+ vehicles on a hard corner.

  500-02 W CHELTENHAM Avenue, PHILADELPHIA, PA 19126

  View Details
• 

  $2,990,000

  6,495 SF

  Restaurant Opportunity in Philadelphia, PA

  Restaurant with 170 parking spaces on 1.77 acres.

  80 FRANKLIN MILLS Boulevard, PHILADELPHIA, PA 19154

  View Details
• 

  $1,399,000

  4,575 SF

  Medical Office Building For Sale

  Well-maintained medical office building with high visibility and income potential.

  9821 ACADEMY Road, PHILADELPHIA, PA 19114

  View Details
• 

  $999,000

  7,800 SF

  Iconic East Falls Cornerstone Building

  Multigenerational landmark in flourishing Philadelphia community, dual-zoned.

  3711 MIDVALE AVENUE, PHILADELPHIA, PA 19129

  View Details
• 

  $850,000

  3,629 SF

  Industrial Garage-Style Property Package

  Three CMX-2 zoned properties on Frankford Avenue offer flexible options for owner-users and investors.

  2605 FRANKFORD AVENUE, PHILADELPHIA, PA 19125

  View Details
• 

  $549,944

  700 SF

  Mixed-Use Brownstone with Storefront

  Three-story live-work setup with a renovated first-floor storefront and remodeled apartment above.

  212 FAIRMOUNT Avenue, PHILADELPHIA, PA 19123

  View Details
• 

  $1,450,000

  5,200 SF

  Prime Philadelphia Retail Opportunity

  5,200 SF retail space with restaurant potential on Walnut Street.

  1111-13 WALNUT Street, PHILADELPHIA, PA 19107

  View Details
• 

  $645,000

  4,278 SF

  Germantown Avenue Mixed-Use Opportunity

  Versatile mixed-use property in historic Germantown with parking.

  5519 GERMANTOWN Avenue, PHILADELPHIA, PA 19144

  View Details
• 

  $2,750,000

  Turnkey Three-Story Building with Elevator

  Renovated three-story property with fully finished basement, elevator service, and sprinkler coverage across all levels.

  718 CHESTNUT Street, PHILADELPHIA, PA 19106

  View Details
• 

  $540,000

  2,746 SF

  Triplex with Central Air Units

  Well-maintained triplex with three 1-bedroom units, central air, and separately metered utilities for simplified ownership.

  438-1/2 LEVERINGTON Avenue, PHILADELPHIA, PA 19128

  View Details
• 

  $675,000

  2,694 SF

  Turnkey Triplex with Tax Abatement

  Newly built, fully equipped triplex offering three separate units with efficient appliances and a tax abatement advantage.

  1219 W BUTLER Street, PHILADELPHIA, PA 19140

  View Details

FAQs

What type of property is this?

Apartment building - Well-maintained five-unit building offering fully occupied apartments with immediate rental income.

Where is this apartment building located?

The property is located at 423 N 40th Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $1,060,000.

What are key features of this property?

This property features: Five‑unit income‑producing building in West Powelton Village; Year built: 2014; All apartments are fully occupied, providing immediate rental income