Furnished Duplex with Finished
For Sale
$499,999
1939 N GRATZ Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size2,689 SF
Lot Size0.03 Acres
Price / SF$185.94
Days on Market139
Property Features for 1939 N GRATZ Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Energy Efficient Appliances
Subdivision
TEMPLE UNIVERSITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
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 Agency:
Opus Elite Real Estate
(215) 395-6277
Listed By:
Lixia Tapia · License #RS341401
(267) 721-9886
Added: Jun 14
Changed: Sep 7
Last Checked: Oct 30 at 10:06PM
MLS# PAPH2636200
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.
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Investment Insights
Based on property information with market context.
This 2,689-square-foot masonry duplex, built in 2009, contains seven bedrooms and three full bathrooms across two residential units. The lower unit spans the first and second floors plus a finished basement, with four bedrooms, two bathrooms, an updated kitchen with granite countertops and stainless steel appliances, in-unit laundry, and a private rear yard. The upper bi-level unit includes three bedrooms, one bathroom, a second updated kitchen, and its own washer and dryer. The property is fully furnished, with one unit occupied and the other vacant.
Located at 1939 N Gratz Street in Philadelphia, the property is near Temple University, public transportation, shopping, and major commuter routes. Central air and forced-air heating serve the building.
Located at 1939 N Gratz Street in Philadelphia, the property is near Temple University, public transportation, shopping, and major commuter routes. Central air and forced-air heating serve the building.
Key Highlights
- 2,689‑square‑foot duplex built in 2009
- Seven bedrooms and three full bathrooms across two units
- Lower unit includes a finished basement, four bedrooms, two bathrooms, and a private rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,887
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,740
$917.7K
Cap Rate 7%
$655,529
$655.5K
Cap Rate 9%
$509,856
$509.9K
Market Conditions
NOI Build-Up for 2,689 SF
Gross rent
$69.4K $25.80/SF
− Vacancy
−$3.8K −$1.42/SF
EGI
$65.6K $24.38/SF
− OpEx
−$19.7K −$7.31/SF
NOI
$45.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,740
Cap Rate 7%
$655,529
Cap Rate 9%
$509,856
Alternative Uses
Best Use
Multifamily LT 5
$655.5K
$573.6K – $764.8K
NOI $45,887 @ 7.0% cap · market cap 9.18%
Second Best
Apartment 5plus
$604.2K
$528.7K – $705.0K
NOI $42,297 @ 7.0% cap · market cap 8.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
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Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer updated kitchens, private laundry, and flexible layouts near Temple University.
Where is this duplex located?
The property is located at 1939 N GRATZ Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 2,689‑square‑foot duplex built in 2009; Seven bedrooms and three full bathrooms across two units; Lower unit includes a finished basement, four bedrooms, two bathrooms, and a private rear yard
