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    Duplex with Separate Utilities Title is generated by Realmo AI

    1929 N GRATZ Street, Philadelphia, PA 19121

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    For Sale
    $390,000

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    1,231 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $316/SF
    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

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    nabila baba alaoui-jackson

    Listing agent nabila baba alaoui-jackson License #RS344492

    Listing office Keller Williams Main Line 6 Coulter Avenue unit: 2, Ardmore, PA

    Listing date Mar 25, 2026

    MLS# PAPH2598782 Listing URL

    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

    This investor-ready duplex offers two separate living units in a single property. The building is described as having approximately 2,600+ square feet and provides flexible layouts intended to support either student housing or long-term tenants. Each unit is noted to include generous living space and separate utilities, which can simplify operations and tenant management. The property is currently vacant, giving an owner the ability to move directly into occupancy or plan a repositioning based on the next rental configuration.

    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
    1,231 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $300.1K
    $262.6K – $350.1K (±1% cap)
    NOI $21,007 @ 7.0% cap · market cap 5.39%
    Second Best
    Apartment 5plus
    $276.6K
    $242.0K – $322.7K (±1% cap)
    NOI $19,363 @ 7.0% cap · market cap 4.96%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.1640472
    Latitude
    39.983326

    FAQs

    What type of property is this?
    Duplex - Vacant duplex with flexible unit layouts and separate utilities, positioned for immediate occupancy or repositioning.
    Where is this duplex located?
    The property is located at 1929 N GRATZ Street Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: 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.
    More about this property
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