2026 taxable assessment $463,500 × 1.3998%. Estimate—not a bill or account balance.
OPA also publishes a 2027 assessment of $319,600; it is not the 2026 billed-year value.
Multi-family report
724 N 40th St
3 stories · 2,325 sqft · RM1 · built 1915
Individual, other or unknown mailing address · assessed $464K (2026) · 2027 OPA assessment $320K · sold 1×. On the 700 block of N 40th St.
BlockReport AI · cited public records
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Property summary
Assessment$463,5002026 OPA assessment · 2027: $319,600
Last sale$285KRecorded 2019
Est. tax bill$6,488/year2026 taxable assessment × 1.3998%
Tax delinquencyNo 2022 matchNot proof account is current
Permits9Every fetched City permit
Violations0 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:
Property tax
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.
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 0611683002026 taxable assessment equals the full assessed value.
Historical delinquency sources Record found
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
A separate historical parcel ledger ending in 2016 records $207.78 and a lien entry. It is shown as historical context only.
2015$0.01 total · $0.00 principal · $0.00 interest · $0.00 penalty2016$207.77 total · $104.46 principal · $3.81 interest · $1.04 penalty
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 recordNew construction
Record summarynew construction appears in a 2019 permit, followed by a recorded transfer of $285K in 2019.
View supporting records →What to do with this
The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.
If you’re buying
Built 1915: lead rules apply
Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.
If you own it
$208 in the historical tax ledger through 2016
Historical context only, not a current payoff figure; that ledger also contains a lien entry. Verify today's balance and lien status directly with Philadelphia Revenue before relying on it.
If you’re the landlord
If it is rented, verify the Rental License
The fetched license records do not show an active Rental License. Ownership type or a tax mailing address does not prove that tenants occupy the property; if it is rented, verify the current license and legal occupancy in eCLIPSE.
Derived from the fetched property records and linked City guidance as of 2026. Assessment treatment is not a substitute for an exemption approval, live balance, title report, license, occupancy certificate, or inspection. Informational only — not legal, tax, or investment advice.
Assessment and tax history
Every fetched annual City assessment for this building, compared with its block and ZIP. The figures show assessment change, the billed-year tax estimate, dated tax records, and recorded transfers. They do not estimate market appreciation or investment return.
Assessed value
$463,500
2026 billed-year assessment · 2027: $319,600 · built 1915
Price / sq ft
$137
block $150 · below block
Assessment change
+231%
+12%/yr since 2016 · 2027 -31% vs 2026
Est. tax bill / yr
$6,488
1.4% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Times sold
1
Assessment vs. the block and ZIP · every dated City record marked on the line
- OPA assessment · 2016$97K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2017$97K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2018$97K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2019$81K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2020$84K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2021$84K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2022$84K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2023$391K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2024$391K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2025$464K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2026$464K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2027$320K assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- Deed / sale · 2019Deed / sale $285KA recorded real-estate document or transfer event. The amount and date can be useful history, but the underlying deed and transfer-tax filing control the parties, consideration, and legal effect.How to read the recorded document ↗
- Permit · 2019-10-21Interior Non-Load-Bearing Wall Demo.This permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2020-02-26UseThis permit category usually covers the property’s allowed use, dimensions, occupancy, or site configuration. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2020-02-27Addition and/or AlterationThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2022-05-10Addition and/or AlterationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2023-02-02New ConstructionThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2023-06-17AlterationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2023-07-25Change of UseThis permit category usually covers the property’s allowed use, dimensions, occupancy, or site configuration. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2023-12-28Addition and/or AlterationThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2024-07-24Addition and/or AlterationThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
Property assessmentBlock median & rangeZIP 19104 medianAssessmentDeed / salePermit
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.
Highlight
Every dated record10 events · exact dates, newest first
- PermitAddition and/or Alteration
- PermitAddition and/or Alteration
- PermitChange of Use
- PermitAlterations
- PermitNew Construction
- PermitAddition and/or Alterations
- PermitAddition and/or Alteration
- PermitUse
- PermitInterior Non-Load-Bearing Wall Demo.
- Deed / saleDeed / sale $285K
The paper trail
New constructionnew construction appears in a 2019 permit, followed by a recorded transfer of $285K in 2019.
- 2019 $285KTransferInterior Non-Load-Bearing Wall Demo.Permit
- 2020 UsePermitAddition and/or AlterationPermit
- 2022 Addition and/or AlterationsPermit
- 2023 New ConstructionPermitAlterationsPermitChange of UsePermitAddition and/or AlterationPermit
- 2024 Addition and/or AlterationPermit
Records behind the chart
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.
Browse 10 dated records deeds, permits, inspections, licenses, violations, certifications & appeals
- PermitAddition and/or Alteration
Permit CP-2024-001087 · Expired
FOR LEVEL III ALTERATIONS PER APPROVED PLANS. BUILDING TO BE FULLY SPRINKLERED WITH NFPA 13R. SEPARATE PERMITS REQUIRED FOR MECHANICAL, ELECTRICAL, PLUMBING, FIRE SUPPRESSION AND EXCAVATION.
- PermitAddition and/or Alteration
Permit EP-2023-003986 · Expired
Install 600 amp electrical service. Install wiring throughout. Install lighting, switches, receptacles, and smoke/co alarms as per specified engineering plans and 2017 NEC. Install new fire alarm system as per 2016 NFPA 72.
- PermitChange of Use
Permit ZP-2023-007478 · Issued
Residential - Household Living - Multi-Family
- PermitAlterations
Permit PP-2023-006886 · Expired
Install waterlines drain lines and set 18 fixtures
- PermitNew Construction
Permit FP-2022-002944 · Issued
FOR THE INSTALLATION OF A NFPA 13R SYSTEM FOR A MULTI-FAMILY DWELLING SERVICED BY A TWO (2) INCH FIRE SERVICE LINE WITH A 2-INCH WILKINS 350XL BACKFLOW PREVENTER AND AUTOMATIC FIRE SUPPRESSION SYSTEM. ALL WORK SHALL BE DONE IN ACCORDANCE WITH APPROVED PLANS/HYDRAULIC CALCULATIONS.
- PermitAddition and/or Alterations
Permit MP-2021-006375 · Expired
EZ PERMIT DUCTWORK & WARM-AIR APPLIANCES For the installation of New Ductwork, Registers/Grilles/Diffusers, and Warm-Air Appliances as per attached standards. Deviations from these standards require submission of construction and site plans. 3 hvacsystems first system located in basement gas fired 90% gas fired furnace 2-ton evaporator coil condenser located in the back yard ductwork located on basement and first floor second system located on second floor 2-ton air handler heat pump located in backyard ductwork throughout second floor third system located on third floor 2-ton air handler heat pump located on roof deck total diffusers 15
- PermitAddition and/or Alteration
Permit 1038990 · Expired
FOR EXTERIOR AND LEVEL III INTERIOR ALTERATIONS TO INCLUDE NEW WINDOWS AND NEW NON-LOADBEARING PARTITION FRAMING AND FIRE-RESISTANCE RATED SEPARATIONS PER PLANS. FOR THE REDUCTION IN THE NUMBER OF DWELLING UNITS TO A NEW TOTAL OF THREE (3) UNITS (R-2 USE & OCCUPANCY CLASSIFICATION UNCHANGED) THROUGHOUT THE EXISTING THREE (3) STORY ATTACHED STRUCTURE. BUILDING TO BE FULLY SPRINKLERED WITH A MINIMUM OF AN NFPA 13R SYSTEM. SEPARATE PERMITS REQUIRED FOR MECHANICAL, ELECTRICAL, PLUMBING, AND FIRE SUPPRESSION WORK.
- PermitUse
Permit 1049322 · COMPLETED
CHANGE USE FROM FOUR(4) UNITS TO THREE(3) UNITS IN AN EXISTING THREE(3)STORY, WITH FIVE(5) EXISTING GARAGES.*NO SIGN ON THIS PERMIT.
- PermitInterior Non-Load-Bearing Wall Demo.
Permit 1019384 · Completed
EZ STANDARD LIMITED COMMERCIAL ALTERATIONS & REPAIRS- For the limited demolition and commercial alterations without submitting plans as per attached standards. Deviations from these standards require submission of construction and site plans.
- Recorded transfer$285K transfer
2019
What this record suggests
The City file documents 9 permits touching electrical work, plumbing, roof work, windows. 4 carries a completed, issued, or approved status; that documents the filing, not the present quality of the work.
Flags: historical tax ledger through 2016 recorded $208 with a lien entry. Informational only — not investment advice or a consumer report (FCRA).
The property, on paper
The city assessor's field record — the physical spec sheet behind the assessed number.
Stories
3
Interior
2,325 sqft
livable area
Lot
2,398 sqft
Heat
Undetermined
city code H
Central air
No
Garage
5 spaces
Exterior condition
Average
city code 4
Above averageBelow average
Interior condition
Average
city code 4
Above averageBelow average
Quality grade
B-
assessor's grade
ABCDE
Zoning
RM1
city zoning code
OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.
Run the numbers
What owning 724 N 40th St takes, at your price and your rate. Taxes start with an annual estimate from the City’s taxable assessment, not a current bill or balance; rent starts at the area median. Assessed value is not an asking price — set the price slider to the real one.
When this house last sold (2019) a 30-year mortgage ran about 3.94% — Freddie Mac's average that year.
Mortgage
—
P&I · 30-yr fixed
All-in monthly
—
+ taxes & insurance
Estimated cash needed
—
down + 4% planning allowance
Modeled cash flow
—
rent − shown costs · /mo
Modeled cap rate
—
modeled NOI ÷ price
Modeled cash-on-cash
—
modeled year-1 return
Scenario for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance, and buyer cash equal to the down payment plus 4%. Taxes use this parcel's taxable assessment, not a live Tax Center balance. Cash flow and returns exclude vacancy, management, utilities, HOA or condo fees, leasing costs, income tax, and unplanned capital work.
Block context
724 N 40th St sits on the 700 block of N 40th St. Open the block report to compare its parcels, ownership and public-record history.
See the whole block →Next door: 722 N 40th St · 726 N 40th St
Where this comes from
- Assessment, spec sheet & owner — OPA Property Assessments, Office of Property Assessment
- Sales & deed history — Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections — L&I Property History · Atlas
- Tax delinquency snapshot · June 2022 — Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016 — Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance — Verify with Philadelphia Revenue
- Zoning appeals — L&I & Zoning Board appeals
- Neighborhood income & rents — US Census ACS 5-year estimates
- Historical mortgage rates — Freddie Mac Primary Mortgage Market Survey, annual averages
- Imagery — Street photo © Google · Aerial © Esri, Maxar
Methodology & freshness
This report was assembled Jul 10, 2026, 12:51 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. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “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)