929 N 40TH ST, Philadelphia, PA 19104

• 5,032 sqft

Property Description

929 N 40th Street presents a strong mixed-use investment opportunity with immediate cash flow, diversified income, and built-in rent growth. This property features six income-producing spaces, including one commercial unit and five residential units. The property currently generates $8,992 in monthly gross income, totaling $107,904 in annual gross income. Based on the provided expenses, the property produces an estimated annual NOI of approximately $101,808–$101,908, in-place cap rate of 8%. The commercial space is leased at $2,250 per month on a 5-year lease with 3% annual increases, providing investors with stable income and built-in rent growth. Residential rents include Unit A at $1,150/month, Unit B at $1,692/month, Unit C at $1,300/month, Unit D at $1,300/month, and Unit E at $1,300/month. Property Highlights: • Mixed-use investment with commercial and residential income • Six income-producing spaces • Current monthly gross income: $8,992 • Annual gross income: $107,904 • Estimated NOI: approximately $101,808–$101,908 • 5-year commercial lease with 3% annual increases • Tax abatement in place • Potential 1031 tax-deferred exchange opportunity 929 N 40th Street is positioned as an attractive opportunity for investors seeking cash flow, stability, and long-term upside in Philadelphia. The combination of residential income and a long-term commercial lease creates multiple revenue streams and added income security. This property may also be a strong option for investors looking to complete a 1031.

Listing Status:

Active

Data Last Updated:

August 8, 2026 at 6:16AM

Listing Office:

Keller Williams Liberty Place : 6093995454

Listing Agent:

Alyce Gerhardt : 5706908064

MLS ID:

PAPH2646188

Interior

• A/C: Central A/C
• Heating: Forced AirElectric
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Other

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: PHILADELPHIA CITY
• County: PHILADELPHIA-PA

Lot

• Zoning: CMX1881000914

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN