1928 N Gratz Street
Philadelphia, PA 19121
- – beds
- – baths
- 2,829 sqft
- 1,301 sqft lot
- $235 per sqft
- 2014 build
Check out this modern duplex situated on one of the most student-populated blocks in Temple University’s off-campus housing. This high-demand rental property offers luxurious living with premium amenities, including central air and heat, sleek hardwood flooring, natural stone kitchen counters, and in-unit laundry. Tenants enjoy easy access to key student destinations like Geasy Field, Polett Walk, and The Liacouras Center while being in the heart of Temple’s thriving off-campus community. Unit A is a 4-bedroom, 2-bathroom apartment featuring an expansive first-floor living area that flows seamlessly into a contemporary kitchen with an island and stainless steel appliances. Unit B is a 5-bedroom, 4-bathroom apartment with spacious layouts and custom closet shelving designed for student comfort. This unit also boasts high-end entertainment features, including a flat-screen TV with surround sound, outdoor speakers with aux hookups, and a large fiberglass rooftop deck with a stunning view of the Philadelphia skyline. The gross annual income for the 2025-2026 school year is $67,800 with estimated expenses at $19,191. With an estimated net operating income of $48,608 and offered at a 7.31% cap rate, this building is a cash flow machine and will be a great addition to any investor's portfolio! With a strong rental history, this duplex presents an excellent investment opportunity in one of the most sought-after student rental locations. Don’t miss out on adding this high-performing property to your portfolio!
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Last updated Mar 7, 2025
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MLS# PAPH2449320 —
The Building
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Year Built:2014
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Year Built Source:Assessor
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Roof:Flat
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New Construction:No
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Construction Materials:Masonry, Brick, Concrete
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Building Units Total:2
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Structure Type:Interior Row/Townhouse
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Architectural Style:Traditional
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Accessibility Features:None
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Foundation Details:Concrete Perimeter
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Basement:Yes
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Basement Type:Fully Finished
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2829
Interior
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Interior Features:Built-Ins, Floor Plan - Open, Combination Kitchen/Dining, Walk-in Closet(s), Wood Floors
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Flooring Type:Hardwood, Luxury Vinyl Plank
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Fireplace:No
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2829
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Living Area SqFt:2,829 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:Immediate
Location
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Directions:Heading North on Broad Street, make a left on Norris Street and a left on N. Gratz Street
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Latitude:39.98337936
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Longitude:-75.16447449
The Property
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Property Type:Multi-Family
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Property Subtype:Duplex
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Property Condition:Excellent
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Assessor
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Lot Size Dimensions:16.00 x 81.00
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Lot Dimensions Source:Assessor
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Lot SqFt:1,301 Sqft
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Inclusions:All appliances in as is working condition
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Zoning:RM1
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Outdoor Living Structures:Deck(s), Patio(s)
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:W50
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 520-6839
- Office phone:
- (215) 646-2900
Taxes
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Tax ID Number:321247800
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Tax Year:2024
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Tax Lot:156
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Tax Annual Amount:$8,520
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Tax Assessed Value:$608,700
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Year Assessed:2025
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School Tax:4771.0
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City/Town Tax:3748.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Natural Gas
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Built-In Microwave, Dishwasher, Washer/Dryer Stacked, Stainless Steel Appliances
Schools
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School District Name:Philadelphia City
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/4/25
Mar 4, 2025
|
Listed / Active | BRIGHT | $664,900 |