Duplex with Private Rear
For Sale
$499,999
1939 N GRATZ Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,689 SF
Lot Size0.03 Acres
Price / SF$185.94
Days on Market48
Property Features for 1939 N GRATZ Street
General Information
Property type
Residential Multi Family
Property subtype
Other
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: Jul 8
Last Checked: Jul 31 at 11:06AM
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.
Investment Insights
Based on property information with market context.
Welcome to 1939 N Gratz St, a well-maintained duplex offering a total of 7 bedrooms and 3 full bathrooms. Unit 1 spans the first and second floors plus a finished basement, providing 4 bedrooms, 2 full bathrooms, an updated kitchen with granite countertops and stainless steel appliances, and in-unit laundry. The finished basement adds additional living space and includes the 4th bedroom, along with access to a private rear yard. Unit 2 features a bi-level layout with 3 bedrooms and 1 full bathroom, plus an updated kitchen with granite countertops and stainless steel appliances and in-unit washer and dryer.
The property is located near Temple University and is described as convenient to public transportation, shopping, and major commuter routes. Unit 1 is currently tenant-occupied. Unit 2 is currently vacant and previously used as a furnished short-term rental, with projected Section 8 income noted in the marketing remarks.
This duplex can suit investors seeking rental income across two units, including one unit currently in place and one available for new tenancy. It may also appeal to owner-occupants looking to live in one unit while using the other for added cash flow. The property is offered fully furnished, which may help streamline occupancy planning for Unit 2.
The property is located near Temple University and is described as convenient to public transportation, shopping, and major commuter routes. Unit 1 is currently tenant-occupied. Unit 2 is currently vacant and previously used as a furnished short-term rental, with projected Section 8 income noted in the marketing remarks.
This duplex can suit investors seeking rental income across two units, including one unit currently in place and one available for new tenancy. It may also appeal to owner-occupants looking to live in one unit while using the other for added cash flow. The property is offered fully furnished, which may help streamline occupancy planning for Unit 2.
Key Highlights
- 7‑bedroom duplex built in 2009 with 3 full bathrooms total
- Unit 1: 4 bedrooms and 2 full bathrooms with updated kitchen (granite countertops, stainless steel appliances) and in‑unit laundry
- Unit 1 includes a finished basement with additional living space and tenant occupied; Section 8 tenant at $2,470/month
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 |
2,689 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two separate units, including updated kitchens and in-unit laundry options for flexible occupancy.
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: 7‑bedroom duplex built in 2009 with 3 full bathrooms total; Unit 1: 4 bedrooms and 2 full bathrooms with updated kitchen (granite countertops, stainless steel appliances) and in‑unit laundry; Unit 1 includes a finished basement with additional living space and tenant occupied; Section 8 tenant at $2,470/month
