1939 N GRATZ Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Jun 14, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 15 at 3:06 pm
Property Features for 1939 N GRATZ Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,253 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
- Duplex built in 2009 with masonry construction, central air, and forced‑air heating
- Unit 1: 4 bedrooms, 2 full baths, updated kitchen with granite counters and stainless steel appliances, in‑unit laundry, private rear yard
- Unit 1 tenant‑occupied with Section 8 tenant paying $2,470/month
- Unit 2: 3 bedrooms, 1 full bath, updated kitchen with granite counters and stainless steel appliances, in‑unit washer and dryer
- Unit 2 currently vacant; previously used as a furnished short‑term rental with projected Section 8 income of approx. $2,000/month
- Total layout includes 7 bedrooms and 3 full bathrooms, with Unit 1 featuring a finished basement and additional living space
Overview
Unit 2 occupies the upper levels in a bi-level configuration and offers 3 bedrooms and 1 full bathroom. This unit includes an updated kitchen with granite countertops and stainless steel appliances and features in-unit washer and dryer. Unit 1 is currently tenant occupied, while Unit 2 is vacant and previously operated as a furnished short-term rental.
For investors or owner-occupants, the duplex offers a practical setup with two income-producing units and self-contained amenities such as updated kitchens and in-unit laundry. The property’s proximity to Temple University, public transportation, shopping, and major commuter routes may support a range of rental or residential occupancy strategies, depending on the next operator’s plan.
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 | $58.1k | $25.80 |
| − Vacancy | −$3.2k | −$1.42 |
| EGI | $54.9k | $24.38 |
| − OpEx | −$16.5k | −$7.31 |
| NOI | $38.4k | $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
