1929 N GRATZ Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Mar 25, 2026
- Days on Market:
- 95
- Last Refresh:
- Jun 27 at 8:06 pm
Property Features for 1929 N GRATZ Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,231 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7787
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2012
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent nabila baba alaoui-jackson License #RS344492 (215) 936-9386
Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA (610) 520-0100
Listing date Mar 25, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location near Temple University, a high‑demand rental area.
- Investor‑ready duplex with strong rental potential.
- Approximately 2,600+ square feet with flexible layouts.
- Separate utilities for each unit.
- Currently vacant, allowing for immediate occupancy or repositioning.
- Built in 2012 with masonry construction.
Overview
The property is located at 1929 N Gratz Street in Philadelphia, PA 19121, in the Temple University area. The remarks indicate convenient access to public transportation and major development corridors, with proximity to Temple University described as just minutes away.
For buyers seeking a straightforward residential income asset, this duplex’s two-unit structure and separate utilities are practical starting points. Because the property is vacant, it may support a quick operational transition for an owner-occupant or an investor looking to implement their preferred leasing strategy without needing to work around existing in-place tenants. The combination of flexible layout description, unit separation, and immediate occupancy option is aligned with both student-oriented and longer-term rental plans, as reflected in the provided information.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.8k | $25.80 |
| − Vacancy | −$1.7k | −$1.42 |
| EGI | $30.0k | $24.38 |
| − OpEx | −$9.0k | −$7.31 |
| NOI | $21.0k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1640472
- Latitude
- 39.983326