Duplex With Finished
For Sale
$499,999
1939 N GRATZ STREET, Philadelphia, PA 19121
Two distinct residences feature updated kitchens, in-unit laundry, and furnished interiors.
Property Size2,689 SF
Days on Market132
Property Features for 1939 N GRATZ STREET
General Information
Standard status
Active
Size
2,689 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,386
Building Details
Building Size
2,689 SF
Year Built
2009
Listing Agency:
Opus Elite Real Estate
Listed By:
Lixia Tapia · License #RS341401
(267) 721-9886
Source:
Lizclarkrealestate
Added: Jun 14
Changed: Oct 21
Last Checked: Oct 21 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Opus Elite Real Estate
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Investment Insights
Based on property information with market context.
Built in 2009, this 2,689-square-foot duplex contains 7 bedrooms and 3 full bathrooms across two separate residences. The first unit spans the first and second floors plus a finished lower level, with 4 bedrooms, 2 bathrooms, an updated kitchen with granite countertops and stainless steel appliances, in-unit laundry, and a private rear yard. Its lower level includes additional living space and the fourth bedroom. The upper bi-level unit offers 3 bedrooms, 1 bathroom, a renovated kitchen with matching granite and stainless appliances, and its own washer and dryer. The property is fully furnished.
One residence is occupied by a Section 8 tenant, while the second is currently vacant and was previously operated as a furnished short-term rental. The property is near Temple University, public transportation, shopping, and major commuter routes.
One residence is occupied by a Section 8 tenant, while the second is currently vacant and was previously operated as a furnished short-term rental. The property is near Temple University, public transportation, shopping, and major commuter routes.
Key Highlights
- 2,689‑square‑foot duplex built in 2009
- 7 bedrooms and 3 full bathrooms across two residences
- First unit includes a finished basement, 4 bedrooms, 2 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.
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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 distinct residences feature updated kitchens, in-unit laundry, and furnished interiors.
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; 7 bedrooms and 3 full bathrooms across two residences; First unit includes a finished basement, 4 bedrooms, 2 bathrooms, and a private rear yard
