Property
Philadelphia, PA 19121 1940 N Gratz Street
$429,000
51 more
Presented By: Tesla Realty Group, LLC
Beds • 3
Home Details
10% Cap Rate near Temple University! Gross projected monthly income $4,000. Great, responsible tenants who have been there for years. The duplex was built in 2010 with some new appliances and a maintained roof and HVAC. Unit A: 4 bed 2 full baths + backyard + finished basement - vacant since July 2025, perfect for owner occupied buyers. Unit B: 3 bed 1.5 baths - leased until July 2026. The property is well maintained and ready to cash flow. The property is self-managed by the owner. Landlords are retiring. This property is a perfect investment, and also great for househacking, Unit A can be available to live in immediately at settlement. Unit A is vacant and can be shown anytime. Unit B needs 24 hour advanced notice. Please show Unit A first; if interested, can schedule another appointment to see the occupied unit if it's not available the same day your client is available.
Presented By: Tesla Realty Group, LLC
Interior Features for 1940 N Gratz Street
Bedrooms
Three Bedroom Units Count1
Other Interior Features
LivingAreaSourceAssessor
BasementFully Finished, Interior Access
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot Water60+ Gallon Tank
General for 1940 N Gratz Street
Acceptable FinancingCash, Conventional, FHA, VA, Bank Portfolio
Accessibility2+ Access Exits
Architectural StyleStraight Thru
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsTurn left on Gratz St.
DisclosuresAgent Related to Owner
ExclusionsTenants' personal belongings and furniture.
Garage Y/NNo
HeatingCentral
Lease TypeLong Term, Yearly
Lot Size Square Feet1301.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-08-07T00:08:27
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total2
Number of Units Leased1
NumberOfUnitsVacant1
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG190.41
Property SubtypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeInterior Row/Townhouse
Tax Annual Amount7386.0
Tax Assessed Value527700.0
Tax Lot162
Tax Year2025
Total SQFT2253
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built2010
Year Built SourceAssessor
ZoningRM1
Exterior for 1940 N Gratz Street
Foundation DetailsConcrete Perimeter
InclusionsAll appliances shown in as-is condition.
Land Assessed Value105500.00
Land Use CodeW50
Lot Dimensions16.00 x 81.00
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Aneesa Pinheiro
Associate