2026 assessment
$614K
OPA value, not a listing price
Apartment building report
415 S 40th St
3 stories7,650 sqftRM1built 1920
Property at a glanceApartment building
Penn Holdings Pine 1 LLC
2027 published assessment
$597K
Future roll, not the current tax bill
Location
400 block of S 40th St
ZIP 19104
Neighborhood area
University City · West Powelton
Approximate · based on ZIP 19104
Assessment and City record timeline
The line tracks this property’s published City assessment. Markers show deeds, permits, inspections, licenses, violations, certifications, and appeals on their recorded dates. Select one to read the filing.
Assessments are tax-roll values, not sale prices or appraisals. OPA has published a 2027 assessment of $596,900. It is not yet the billed-year tax basis.
- OPA assessment · 2016$215K 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$215K 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$386K 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$468K 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$471K 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$471K 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$471K 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$614K 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$614K 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$614K 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$614K 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$597K 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 · 2020Deed / sale $2.6MA 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 ↗
- License · 2021-03-01Penn Holdings Pine 1, LLC: Rental landlord or residential registration initially issuedA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- License · 2011-04-19ETHYLE HERMAN IRREVOCABLE DEED OF TRUST: Rental landlord or residential registration initially issuedA 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 ↗
- License · 2021-04-29ETHYLE HERMAN IRREVOCABLE DEED OF TRUST: Rental landlord or residential registration marked inactiveA 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 ↗
- License · 1995-05-08HERMAN STEPHEN: Rental landlord or residential registration initially issuedA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- License · 2012-12-22HERMAN STEPHEN: Rental landlord or residential registration marked inactiveA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- Certification · 2021-05-13Fire Alarm CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Certification · 2023-05-11Fire Alarm CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Certification · 2025-06-03Fire Alarm CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Appeal · 2020-07-27ZBA Permit Denial - Special ExceptionA challenge or request reviewed through a City appeals process. Filing an appeal does not show who prevailed; read the decision, conditions, and related permit or violation.How Philadelphia L&I appeals work ↗
Property assessmentAssessmentDeed / saleAppealLicenseCertification
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
- CertificationFire Alarm Certification
- CertificationFire Alarm Certification
- CertificationFire Alarm Certification
- LicenseETHYLE HERMAN IRREVOCABLE DEED OF TRUST: Rental landlord or residential registration marked inactive
- LicensePenn Holdings Pine 1, LLC: Rental landlord or residential registration initially issued
- AppealZBA Permit Denial - Special Exception
- Deed / saleDeed / sale $2.6M
- LicenseHERMAN STEPHEN: Rental landlord or residential registration marked inactive
- LicenseETHYLE HERMAN IRREVOCABLE DEED OF TRUST: Rental landlord or residential registration initially issued
- LicenseHERMAN STEPHEN: Rental landlord or residential registration initially issued
Verify the public record
Property tax
$8,588/year estimated property tax
2026 taxable assessment $613,500 × 1.3998%. This is an estimate, not a bill or account balance. The City maintains payments, credits, interest, and the current amount due.
OPA has published a 2027 assessment of $596,900. It is not the 2026 billed-year value.
Payments, credits, interest, and the current amount due are maintained by the City.
OPA 8816021502026 taxable assessment equals the full assessed value.
Historical delinquency sources No current conclusion
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”
Building report
Apartment building
Apartment building, recorded in the City's apartments category. The public record and owner trail follow.
What it is
Apartment building
Apts 5-50 Units Masonry
Owner
Penn Holdings Pine 1 LLC
$ / sq ft
$78
below the $147 median for 2,826 apartments parcels citywide
Licensed units
5
active rental license
Interior area
7,650 sqft
Lot size
1,275 sqft
Stories
3
Built
1920
Zoning
RM1
Recorded owner
Who's behind it
Penn Holdings Pine 1 LLC · corporate / LLC owner
• Owns 7 properties across Philadelphia under this name, assessed at $4.0M combined
• Tax bills mail to 131 7th Ave, New York NY, 10011 — outside Philadelphia
• Holds an active rental license for this address
Block context
400 block of S 40th St. Compare parcels, ownership, and public-record history.
See the whole block →Next door: 413 S 40th St · 417 S 40th St
L&I license dates · data through Jul 29, 2026
Business licenses at this address Latest pull
What L&I has registered at this OPA parcel, newest initial license date first.
No L&I business license is on record at this address in data through Jul 29, 2026.
Landlord and residential filings
These are property registrations or landlord filings, not businesses operating at this address.
Penn Holdings Pine 1, LLCActive
Rental · Initial issue date Mar 1, 2021 · Filed expiration Feb 28, 2027
ETHYLE HERMAN IRREVOCABLE DEED OF TRUSTInactive
Rental · Initial issue date Apr 19, 2011 · Terminal license date Apr 29, 2021
HERMAN STEPHENInactive
Rental · Initial issue date May 8, 1995 · Terminal license date Dec 22, 2012
A license is an L&I registration, not proof that a business is open, operating today, or located at this storefront. Dates are license dates. Events are deduped by parcel, business identity, and license type, so a renewal is not shown as another opening. Other permit and filing types remain in the full source ledger.
Open every source row 11 dated rows
- CertificationFire Alarm Certification
Certification BC-2025-015164 · Certified
Expires 2026-06-03
- CertificationFire Alarm Certification
Certification BC-2023-010296 · Certified
Expires 2024-05-11
- CertificationFire Alarm Certification
Certification BC-2021-004794 · Certified
Expires 2022-05-13
- License terminal eventETHYLE HERMAN IRREVOCABLE DEED OF TRUST: Rental landlord or residential registration marked inactive
License 530805 · Inactive
License event. Registration does not prove present operation or storefront occupancy.
- License issue eventPenn Holdings Pine 1, LLC: Rental landlord or residential registration initially issued
License 862548 · Active
License event. Registration does not prove present operation or storefront occupancy.
- AppealZBA Permit Denial - Special Exception
Appeal ZP-2020-002802 · Scheduled · Withdrawn
Related permit ZP-2020-002802 · APPLICATION IS FOR A GROUP LIVING IN AN EXISTING STRUCTURE.
- Recorded transfer$2.6M transfer
2020
- License terminal eventHERMAN STEPHEN: Rental landlord or residential registration marked inactive
License 214863 · Inactive
License event. Registration does not prove present operation or storefront occupancy.
- License issue eventETHYLE HERMAN IRREVOCABLE DEED OF TRUST: Rental landlord or residential registration initially issued
License 530805 · Inactive
License event. Registration does not prove present operation or storefront occupancy.
- License issue eventHERMAN STEPHEN: Rental landlord or residential registration initially issued
License 214863 · Inactive
License event. Registration does not prove present operation or storefront occupancy.
- PermitChange of Use
Permit ZP-2020-002802 · Denied
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 30, 2026, 2:44 AM 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)