Twitter
Facebook
Email
|
This duplex zoned RM1 in Philadelphia's Mantua section offers a prime opportunity for investors looking to renovate and potentially expand a multi-unit property. This is an As-is Sale. Property is in need of a total rehab. Located in the West Philadelphia Promise Zone, which could enhance long-term value appreciation. Mantua is experiencing significant revitalization, driven by its inclusion in the West Philadelphia Promise Zone, a federal initiative aimed at reducing poverty and boosting development. A notable $60-million project by Lomax Real Estate Partners is set to bring a grocery store and medical center nearby, potentially increasing local appeal. This 1,490-square-foot duplex at 810 N 40th Street, Philadelphia, PA 19104, is situated in the vibrant Mantua neighborhood. Zoned RM1 for multi-unit residential use, it seems well-suited for investors seeking to capitalize on the area's growth. multifamily properties in Philadelphia typically achieve cap rates of 5-6%. For a duplex like 810 N 40th Street, assuming a purchase price of $250,000-$350,000 (based on area trends and comparable properties), investors could expect competitive returns. 2-bedroom apartments in Mantua generally rent for $1,800-$2,000 per month. For a duplex with two 2-bedroom units, this could translate to a total annual rental income of approximately $43,200-$48,000. Located near Drexel University and the University of Pennsylvania, Mantua benefits from consistent demand for rental housing from students, faculty, and staff. Drexel's expansion, including the Schuylkill Yards complex and community programs like the Dornsife Center, further drives interest in the area.
| DAYS ON MARKET | 1 | LAST UPDATED | 5/12/2025 |
|---|---|---|---|
| TRACT | MANTUA | YEAR BUILT | 1920 |
| COMMUNITY | 19104 (19104) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| School District | PHILADELPHIA CITY |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 19104 (19104) |
| BASEMENT | Unfinished, Yes |
| HEAT | Natural Gas, None |
| LOT | 871 sq ft |
| LOT DIMENSIONS | 16.00 x 59.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | AirLite |
| SUBDIVISION | MANTUA |
| TAXES | 1038 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for
to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by Trinity Property Advisors
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Buy & Sell & Save Realty LLC participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Buy & Sell & Save Realty LLC are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 5/13/25 4:59 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
