1940 N Gratz St Philadelphia, PA 19121
North Philadelphia West NeighborhoodEstimated payment $2,902/month
Highlights
- Straight Thru Architecture
- Central Heating and Cooling System
- 60+ Gallon Tank
- More Than Two Accessible Exits
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,386
Year Built
- Built in 2010
Lot Details
- 1,301 Sq Ft Lot
- Lot Dimensions are 16.00 x 81.00
Parking
- On-Street Parking
Home Design
- Duplex
- Straight Thru Architecture
- Concrete Perimeter Foundation
- Masonry
Interior Spaces
- 2,253 Sq Ft Home
- Finished Basement
- Interior Basement Entry
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Central Heating and Cooling System
- 60+ Gallon Tank
Community Details
- 2 Units
- 1 Vacant Unit
Listing and Financial Details
- Tax Lot 162
- Assessor Parcel Number 321248401
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,387 | $527,700 | $105,500 | $422,200 |
| 2024 | $7,387 | $527,700 | $105,500 | $422,200 |
| 2023 | $7,387 | $527,700 | $105,500 | $422,200 |
| 2022 | $7,220 | $527,700 | $105,500 | $422,200 |
| 2021 | $7,220 | $0 | $0 | $0 |
| 2020 | $1,029 | $515,800 | $73,501 | $442,299 |
| 2019 | $995 | $0 | $0 | $0 |
| 2018 | $807 | $0 | $0 | $0 |
| 2017 | $807 | $0 | $0 | $0 |
| 2016 | $116 | $0 | $0 | $0 |
| 2015 | $111 | $0 | $0 | $0 |
| 2014 | -- | $362,500 | $8,282 | $354,218 |
| 2012 | -- | $40,320 | $4,032 | $36,288 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $429,000 | -2.5% | $190 / Sq Ft |
| 06/21/2021 06/21/21 | Sold | $440,000 | -3.9% | $195 / Sq Ft |
| 04/21/2021 04/21/21 | Pending | -- | -- | -- |
| 04/14/2021 04/14/21 | For Sale | $458,000 | +0.7% | $203 / Sq Ft |
| 10/30/2019 10/30/19 | Sold | $455,000 | 0.0% | $202 / Sq Ft |
| 09/25/2019 09/25/19 | Pending | -- | -- | -- |
| 09/20/2019 09/20/19 | Off Market | $455,000 | -- | -- |
| 09/04/2019 09/04/19 | For Sale | $455,000 | -- | $202 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $440,000 | Go Abstract Services Llc | |
| Deed | $455,000 | Alpert Abstract Llc | |
| Deed | $360,000 | None Available | |
| Deed | $34,000 | None Available | |
| Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $330,000 | New Conventional | |
| Previous Owner | $341,250 | New Conventional | |
| Previous Owner | $270,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $270,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $294,000 | Commercial |
Source: Bright MLS
MLS Number: PAPH2524746
APN: 321248401
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