$527,900
1627 W••••• Diamond St (Sign up for 50 free credits to unlock)Philadelphia, PA 19121
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