Renovated Triplex with In-Place
For Sale
$649,900
1627 W DIAMOND Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size4,128 SF
Lot Size0.04 Acres
Price / SF$157.44
Days on Market54
Property Features for 1627 W DIAMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
TEMPLE UNIVERSITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
4,128 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7550
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Michael Coleman
(484) 942-6266
Added: Jun 21
Last Checked: Aug 13 at 7:06AM
MLS# PAPH2639516
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied triplex has been completely gutted and renovated in 2015. The property contains three separate rental units, each with its own bedroom and bathroom layout, and it is currently operating with in-place tenants. Unit 1 is configured as a 5-bedroom, 5.5-bath unit rented at $2,625 per month. Unit 2 offers 3 bedrooms and 3 bathrooms and is rented at $1,350 per month. Unit 3 includes 3 bedrooms and 3 bathrooms and is rented at $1,575 per month. The reported annual gross rental income is $60,300.
The triplex is located at 1627 W Diamond Street in Philadelphia, PA 19121. Showings require 24-hour notice for all appointments.
For investors or owner-operators seeking a ready-to-rent multifamily asset, this renovated triplex offers the benefit of current occupancy and documented rental income across three units. With renovations completed in 2015 and unit configurations already in place, the property may be well suited for buyers looking to acquire an income-producing residence without waiting for new tenant rollouts.
The triplex is located at 1627 W Diamond Street in Philadelphia, PA 19121. Showings require 24-hour notice for all appointments.
For investors or owner-operators seeking a ready-to-rent multifamily asset, this renovated triplex offers the benefit of current occupancy and documented rental income across three units. With renovations completed in 2015 and unit configurations already in place, the property may be well suited for buyers looking to acquire an income-producing residence without waiting for new tenant rollouts.
Key Highlights
- Fully occupied triplex with annual gross rental income of $60,300
- Unit mix: Unit 1 is 5 bed/5.5 bath rented at $2,625; Unit 2 is 3 bed/3 bath rented at $1,350; Unit 3 is 3 bed/3 bath rented at $1,575
- Gutted and renovated in 2015 with modern infrastructure and finishes
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied triplex recently gutted and renovated, with three rental units generating documented annual gross income.
Where is this triplex located?
The property is located at 1627 W DIAMOND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully occupied triplex with annual gross rental income of $60,300; Unit mix: Unit 1 is 5 bed/5.5 bath rented at $2,625; Unit 2 is 3 bed/3 bath rented at $1,350; Unit 3 is 3 bed/3 bath rented at $1,575; Gutted and renovated in 2015 with modern infrastructure and finishes
