1915 N GRATZ ST Philadelphia, PA 19121
UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,592 sqft
Price per Sqft $139
MLS Listing ID PAPH2672658
Style Traditional
Abv Grd Liv Area 3,592
Year Built 2015
Annual Tax Amount $7,473
Tax Year 2026
Lot Size 1,325 Sqft
Acres 0.03
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Ground-up new construction triplex completed in 2015, a short walk from Temple University's Main Campus. Ten bedrooms and ten bathrooms — true one-to-one parity, so every bedroom in the building has its own bathroom, which almost no competing stock in this submarket delivers.
Unit 1 — 4 bed / 4 bath — $1,700/mo.
Unit 2 — 2 bed / 2 bath — $1,250/mo.
Unit 3 — 4 bed / 4 bath — $1,700/mo.
Total $4,650/mo, or $55,800 annually on the 26/27 contract, and rent collected in the trailing year came in ahead of contract. Not a conversion: built new in 2015, with the major systems still young. Water is more than fully recovered from tenants, so the utility line runs negative for the year, and operating expenses run 26.1% of effective gross income — the tightest in this portfolio. The ten-year tax abatement expired after 2025 and the 2026 bill is carried in full, so an incoming owner inherits the tax line as shown. Owner's operating statement available to qualified buyers.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water 60+ Gallon Tank
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Brick/Mortar
Above Ground Finished SqFt 3592
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District Philadelphia City
Others
Tax ID 321239000
Ownership Fee Simple
SqFt Source 3592
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer License ID: RS346782 | 1973175 | BK359849