The Block Report

Apartment building report

400 S 40th St

5 stories · 114,840 sqft · RTA1 · built 2018

Apartment building · 122 units · Oap INC · assessed $25M (2026) · 2027 OPA assessment $22M. On the 400 block of S 40th St.

Street view of 400 S 40th St
From the street — imagery © Google
From above · selected parcel outlined; choose a neighboring polygon to open it — imagery © Esri, Maxar
BlockReport AI · cited public records

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Property summary

Assessment$25,300,0002026 OPA assessment · 2027: $21,774,000 Last sale$1.7MRecorded 2003 Est. tax bill$35,415/year2026 taxable assessment · full-value scenario $354,149/year · basis and term unverified Tax delinquency—Snapshot unavailable Permits8Dated events in report Violations5 openNo historical match in fetched records

“Open” reflects records available then historical records keep their source dates estimates are labeled

Question or correct this record

BlockReport can explain a discrepancy, but it cannot rewrite an official City record. Use the agency that owns the underlying fact:

The estimate, live balance, and back-tax record are different.

BlockReport can calculate the annual tax from the City’s taxable assessment. Payments, credits, interest, and a current amount due live separately in Philadelphia Tax Center.

Estimated annual Real Estate Tax$35,415/year

2026 taxable assessment $2,530,000 × 1.3998%. Estimate—not a bill or account balance.

OPA also publishes a 2027 assessment of $21,774,000; it is not the 2026 billed-year value.

Official current account balanceCheck live

A Tax Center balance is net of bills, payments, credits, interest, and adjustments. A credit—or an amount due—is not automatically “back taxes.”

OPA 881606750
Open Philadelphia Tax Center →Choose “View period balance” to see the tax year and any credit, interest, or delinquency.
Exemption classificationPartial assessment exemption — basis unverified

2026 OPA taxes $2,530,000 of $25,300,000 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.

See the assessment math →
Full-assessment scenario$354,149/year

Applying the same rate to the billed-year full assessment. OPA's numeric split does not say when or whether the current treatment changes.

See the assessment math →
Historical delinquency sources No current conclusion

The June 2022 delinquency snapshot was not verifiably available in this cached report. No conclusion about a match—or today’s balance—can be drawn from that absence.

For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”

What stands out

From the public record

The property record, over time

Every dated deed, permit, inspection, license, violation, certification, and appeal is placed on the City’s annual assessment line. Select a point to read what happened; the line is an assessment history—not a sale-price chart or appraisal. OPA has also published a 2027 assessment of $21,774,000; it is not yet the billed-year tax basis.

Assessment history · all dated City records marked on the line

$0$25M$50M$22M200820122016202020242027
Property assessmentAssessmentAppeal

Scroll horizontally to move through the years. Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.

Every dated record5 events · exact dates, newest first
  1. AppealRB_LIRB
  2. AppealRB_LIRB
  3. AppealZoning board appeal
  4. AppealRB_LIRB
  5. AppealZBA Other
Apartment buildingBuilding report

This is a apartment building, recorded under the city's apartments category. The homeowner tools (rent estimate, homestead playbook) don't apply, so they're hidden. The full record and owner trail are below.

5 open violations

What it is
Apartment building
Apts 100+ Units Masonry
Owner
Oap INC
OPA tax treatment
Assessed $25M
Taxable assessment on the roll
$ / sq ft
$190
above the $151 median for 3,983 apartments parcels citywide
Licensed units
122
active rental license
Assessed value
$25,300,000
2026 OPA · 2027: $21,774,000
Interior area
114,840 sqft
Lot size
23,252 sqft
Stories
5
Built
2018
Zoning
RTA1

Browse the source ledger

The chart above is the primary timeline. This drawer preserves every underlying dated row and its filed status for source-level review.

Open the City record ↗
Browse 7 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
  1. AppealRB_LIRB

    Appeal 24455 · OPEN · City affirmed

    THE COMMISSION WAS WITHOUT JURISDICTION TO CONSIDER THE REQUEST TO AMEND ITS PRIOR DECISION, BECAUSE THE MATTER WAS ON APPEAL TO THE APPELLATE COURTS. PENNSYLVANIA RULE OF APPELLATE PROCEDURE NO. 1701.

  2. AppealRB_LIRB

    Appeal 18250 · OPEN · City affirmed

    APPEALING THE COMMISSION'S APPROVAL OF THIS APPLICATION.

  3. AppealZoning board appeal

    Appeal 18399 · CLOSED · Granted with conditions

    PERMIT FOR COMPLETE DEMO. OF EXISTING THREE (3) STORY STRUCTURE, THE ERECTION OF A FIVE (5) STORY STRUCTURE WITH A BASEMENT, MAXIMUM HEIGHT OF 58.5', TERRACES ON THE 4TH FLOOR, ROOFTOP MECHANICALS AND A "GREEN" ROOF, ERECTION OF FENCES WITH

  4. AppealRB_LIRB

    Appeal 8024 · OPEN · MOOT

    THE HISTORICAL COMMISSION'S DECISION WAS ARBITRARY, CAPRICIOUS AND NOT OTHERWISE SUPPORTED BY LAW. APPLICANT REQUESTS ANY OTHER RELIEF THAT MAY BE NECESSARY.

  5. AppealRB_LIRB

    Appeal 8133 · OPEN · MOOT

    THE DECISION IS CONTRARY TO SECTION 14-2007 OF THE PHILADELPHIA CODE, THE PHILA HISTORICAL COMMISSION RULES AND REGULATIONS AND OTHER STATE AND LOCAL LAWS AND STATUTES.

  6. AppealRB_LIRB

    Appeal 8134 · OPEN · MOOT

    THE HISTORICAL COMMISSION'S APPROVAL OF THIS APPLICATION WAS ARBITRARY AND CAPRICIOUS AND OTHERWISE NOT IN ACCORDANCE WITH LAW.

  7. AppealZBA Other

    Appeal 4923 · Submitted

    PERMIT FOR THE RELOCATION OF LOT LINES TO CREATE ONE(1) LOT FROM TWO(2) LOTS (PARCEL A AND PARCEL B EXISTING AS ONE(1) BRT ACCOUNT); FOR THE ERECTION OF AN ELEVEN(11) STORY HOTEL WITH ONE HUNDRED TWENTY(120) ROOMS WITH FOUR(4) ACCESSORY PAR

What this record suggests

5 violations are still marked open in the assembled record. The date and status belong in a current L&I check before relying on them.

Who's behind it

Oap INC · corporate / LLC owner

• Owns 2 properties across Philadelphia under this name, assessed at $22M combined
• Tax bills mail to 1521 N 31st St Suite 100, Philadelphia PA, 19121
• Holds an active rental license for this address

PA corporate registry ↗OpenCorporates ↗City record ↗

Block context

400 S 40th St sits on the 400 block of S 40th St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 401 S 40th St  ·  403 S 40th St

Where this comes from
Methodology & freshness

This report was assembled Jul 9, 2026, 12:25 PM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)