Renovated Multifamily Building Near
1921 W DIAMOND Street Philadelphia, PA 19121
For Sale
$647,500
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,672 SF
Lot Size0.04 Acres
Price / SF$176.33
Days on Market189
Property Features for 1921 W DIAMOND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 3,672 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10373
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1915
- Number of units
- 4
- Building materials
- Brick
Listing Agency:
Century 21 Advantage Gold-Lower Bucks
(215) 638-4880
Listed By:
Joan A Schleinkofer · License #RS331779
(215) 680-5704
Added: Jan 16
Changed: Jun 9
Last Checked: Jul 24 at 10:06AM
MLS# PAPH2575454
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 recently renovated multifamily building is located within walking distance of Temple University. The property consists of four units, each featuring three bedrooms and one bathroom. Each unit includes in-unit laundry and central air. The property received a new roof and exterior paint in 2023, along with new appliances, flooring, and interior paint. New interior common-area hallway lighting is planned for 2025-26. The bathrooms and HVAC systems are newer. Three of the units are currently leased. A full renovation of the basement unit has recently been completed, and it is now available for rent. The property size is 3672 square feet and the lot size is 0.0399 acres.
Key Highlights
- Walking distance to Temple University
- Four units, each with 3 bedrooms and 1 bath
- Enjoy the convenience of in‑unit laundry and central air in all units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.5k | $30.36 |
| − Vacancy | −$6.5k | −$1.76 |
| EGI | $105.0k | $28.60 |
| − OpEx | −$47.3k | −$12.87 |
| NOI | $57.8k | $15.73 |
3,672 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$895.2K
$783.3K – $1.04M
NOI $62,662 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$825.1K
$722.0K – $962.7K
NOI $57,759 @ 7.0% cap · market cap 8.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Recently renovated multifamily property near Temple University with modern amenities.
Where is this quadplex located?
The property is located at 1921 W DIAMOND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $647,500.
What are key features of this property?
This property features: Walking distance to Temple University; Four units, each with 3 bedrooms and 1 bath; Enjoy the convenience of in‑unit laundry and central air in all units
