746 N 40th St Philadelphia, PA 19104

Listing agency Scope Investment Real Estate Services

Listed by Phil Sharrow · License #PA RSR002048

Source Crexi

Added: Apr 13 Updated: Jul 22 at 6:54AM Checked: Jul 22 at 6:54AM

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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.

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

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FAQs

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