1731 W Diamond St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
Investment opportunity in the heart of the Temple University rental corridor! This well-maintained 9 bed, 6 bath triplex is located just steps from Temple University's campus, nearby primary and high schools, SEPTA, corner stores, and Broad Street. The property is only a 13-minute drive to City Hall and sits in a rapidly developing section of Philadelphia that has transformed significantly over the past 20 years. The building consists of three spacious 3-bedroom, 2-bathroom apartments, each offering generous kitchen cabinet space and functional layouts. Photos are from Unit 2; Units 1 and 3 are very similar. All units have access to the backyard/patio through the common area basement. Current rents are significantly below market, with long-term tenants in place, presenting immediate value-add potential. ALL units are rented for at least another year. Building Rents - Unit 1: $1,180 (through 7/31/27) / Unit 2: $1,150 (through 7/31/28) / Unit 3: $1,275 (through 7/31/27). Comparable renovated 3-bedroom units in the area routinely achieve $1,350-$1,500 per unit. The current tenants are long-term occupants, with only one or two people leasing each unit. This creates an opportunity for the new owner to increase cash flow in the future and improve the return numbers. The property has been meticulously maintained and features newer appliances, central air and heat, and a washer and dryer for each unit located in the basement. It is also part of a historic designation, helping preserve the building's architectural integrity while supporting long-term neighborhood value. This property is perfect to add to your portfolio. May also be purchased along with other properties in the area in a package deal. Please inquire for details. Schedule your appointment today!
Details
| MLS # | PAPH2629516 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1913 |
| Days On Site | 108 |
| Listing Provided By | Plus Realtors | Matin Haghkar |
Features
| SQ Feet | 2,496 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | R10 |
| Acreage | 0.04 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | 90% Forced Air |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Vinyl Siding, Stucco, Brick |
| Foundation Details | Other |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 6579 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $459,999 low | high Med: $220,000 sqft: 2,496 low | high Med: 1,488 $ / sqft: $184 low | high Med: $148 On site: 108 low | high Med: 45 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $459,999 low | high Med: $220,000 sqft: 2,496 low | high Med: 1,488 $ / sqft: $184 low | high Med: $148 On site: 108 low | high Med: 45 | |
