1939 N GRATZ Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 14, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 1939 N GRATZ Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Energy Efficient Appliances
- Standard status
- Active
- Size
- 2,689 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7386
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2009
- Number of units
- 2
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Lixia Tapia License #RS341401 (267) 721-9886
Listing office Opus Elite Real Estate 16 S State Street, Newtown, PA (215) 395-6277
Listing date Jun 14, 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
- Well‑maintained 2‑unit duplex built in 2009 with 7 total bedrooms and 3 full bathrooms.
- Unit 1 includes 4 bedrooms, 2 full bathrooms, an updated granite countertop kitchen with stainless steel appliances, and in‑unit laundry; has a private rear yard.
- Unit 1 is tenant occupied with a Section 8 tenant paying $2,470/month.
- Unit 2 offers 3 bedrooms and 1 full bathroom with an updated granite countertop kitchen with stainless steel appliances and in‑unit washer/dryer; currently vacant.
- Unit 2 previously used as a furnished short‑term rental, with projected Section 8 income of approximately $2,000/month.
Overview
The property is located at 1939 N Gratz St in Philadelphia, PA 19121, near Temple University. It also provides access to public transportation, shopping, and major commuter routes.
Unit 1 is currently tenant occupied with a Section 8 tenant paying $2,470 per month. Unit 2 is currently vacant and was previously used as a furnished short-term rental, with projected Section 8 income of approximately $2,000 per month. The configuration offers options for investors seeking rental income and for owner-occupants who want to offset their mortgage with rental revenue from the second unit.
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 | $69.4k | $25.80 |
| − Vacancy | −$3.8k | −$1.42 |
| EGI | $65.6k | $24.38 |
| − OpEx | −$19.7k | −$7.31 |
| NOI | $45.9k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1640015
- Latitude
- 39.983532
