Property
Philadelphia, PA 19121 1940 N Gratz Street
$425,000
51 more
Presented By: Tesla Realty Group, LLC
Beds • 3
Beds • 3Home 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
BasementDaylight, Partial, Full, Fully Finished, Interior Access, Windows, Sump Pump, Poured Concrete
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
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
Cap Rate10.00
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
Living Area2253
Lot Size Square Feet1301.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
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 AG188.64
Property SubtypeDuplex
Property TypeMulti-Family
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
Tina Torres
Broker/Owner