$527,900

For sale

1627 W••••• Diamond St (Sign up for 50 free credits to unlock)Philadelphia, PA 19121

11Beds
11.5Baths
4,128Sq Ft Living
1,800Sq Ft Lot
2015Year Built

Property Description

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional triplex offers immediate cash flow and strong long-term upside. The property is currently generating $51,300 in annual gross rental income, with meaningful upside on Unit 1 upon lease turnover - this income-producing asset is an outstanding opportunity for investors seeking a stable base of cash flow plus a clear path to increased returns. Completely gutted and renovated in 2015, the property benefits from modern infrastructure and finishes. The 1:1 bedroom-to-bathroom ratio aligns with current student housing demand trends, helping to ensure future rentability and maintain competitive occupancy levels. Unit 1: 5 Bed / 5.5 Bath - Currently rented at $1,350/month (historically rented at $2,600/month - significant upside potential upon lease renewal) Unit 2: 3 Bed / 3 Bath - Rented at $1,350/month Unit 3: 3 Bed / 3 Bath - Rented at $1,575/month This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206

Property Facts & Features

Property Type
Multi Family
Status
Active
Listed
Sep 19, 2026
Price per Sq Ft
$128/sqft
ZIP Code
19121
Parking
On Street
Heating
Heat Pump(S)
Cooling
Central A/C
Construction
Masonry
Style
Traditional
Neighborhood
Lower North
County
Philadelphia
School District
The School District of Philadelphia

Features & Amenities

Land Info

  • Lot Size Acres: 0.0413223
  • Lot Size Square Feet: 1800

Multi-Unit Info

  • Number of Units: 3
  • Number of 1 Bedroom Units: 0
  • Number of 2 Bedroom Units: 0
  • Number of 3 Bedroom Units: 2

Garage and Parking

  • Parking Features: On Street

School Information

  • School District: PHILADELPHIA CITY

Heating and Cooling

  • Cooling Features: Central A/C
  • Heating Features: Heat Pump(s)
  • Heating: Yes

Other Property Info

  • Annual Tax Amount: 7550
  • Source Listing Status: Active
  • County: PHILADELPHIA
  • Disclaimer: Standard
  • Ownership: Fee Simple
  • Source Neighborhood: TEMPLE UNIVERSITY
  • Postal Code Plus 4: 2572
  • Subdivision: TEMPLE UNIVERSITY
  • Township: PHILADELPHIA
  • Property Subtype: Triplex

Building and Construction

  • Total Square Feet Living: 4128
  • Year Built: 2015
  • Above Grade Finished Area: 4128
  • BelowGradeFinishedArea: 0
  • Construction Materials: Masonry
  • New Construction: Yes
  • Property Age: 11
  • Structure Type: Interior Row/Townhouse
  • Total Area Sqft: 4128
  • Architectural Style: Traditional

Location

Lat 39.98541 · Lng -75.16072