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sales rep | Brivity IDX

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1915 N Gratz St , Philadelphia, PA 19121
$499,900
Est. Payment: $2,700.55/mo
2 Bed
3592 Sqft
0.03 Acres
Status: active | Days on site: 41
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61039 - 3359104
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House Description

INVESTOR ALERT — 24 HOURS NOTICE REQUIRED FOR ALL SHOWINGS. 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.

Highlights

Listed by Danielle Redenbaugh , 2676143971 BHHS Fox & Roach-Center City Walnut , 2156276005. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.03

Year Built

2015

County

Philadelphia

Area

19121 (19121)

School District

Philadelphia City

Listing ID

PAPH2672658

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:3592
Water:Public

Exterior Features

Lot:Horse Property: No
Zoning:RM1
Others:
  • ▪ Additional:Excellent
Sewer:Public Sewer
Parking Features:Off Street,On Street
Principal Interest
$2,701
Taxes
$623

Home Price

$499,900

Loan Details

30 yrs
7.148%

Down Payment

20%
$99,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,700.55

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,700.55 $622.75 $0.00 $3,323.30
Yearly $32,406.56 $7,473.00 $0.00 $39,879.56
Total $972,196.68 $224,190.00 $0.00 $1,196,386.68
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS