Well-Maintained Quadplex in
For Sale
Under Contract
$539,900
3214 W DIAMOND Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size2,835 SF
Lot Size0.05 Acres
Price / SF$190.44
Days on Market156
Property Features for 3214 W DIAMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
On Street
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active Under Contract
Size
2,835 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5375
Utilities
Heating system
Other (Heating)
Building Details
Year built
1915
Number of units
4
Building materials
Masonry
Architectural style
Other
Listing Agency:
Elfant Wissahickon-Chestnut Hill
(215) 247-3600
Listed By:
Donna L. Chappelle · License #RS339180
(215) 880-2123
Added: Feb 25
Changed: Jul 28
Last Checked: Jul 31 at 11:06PM
MLS# PAPH2582888
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 well-maintained four-unit quadplex offers spacious layouts across all apartments, featuring 11+ ft ceilings, large windows for natural light, and natural hardwood floors. The property is described as move-in ready, with the option to make custom upgrades based on your preferences. As currently configured, the building is occupied with three tenants, while the first-floor unit is owner-occupied. Unit mix includes one 2-bedroom, 1-bath apartment on the first floor; another 2-bedroom, 1-bath on the first floor; and two 1-bedroom, 1-bath apartments on the upper levels, with one front and one rear unit.
Located in Strawberry Mansion, the property is described as just steps from Fairmount Park and a new driving range. The area is also noted as offering easy access to cultural landmarks and local universities, with Center City Philadelphia minutes away.
This type of property suits buyers and operators seeking a small residential income building with a straightforward unit mix, including two-bedroom and one-bedroom apartments. With existing occupancy in three units and a clearly defined configuration, the quadplex can support an owner-occupant situation as well as a rental-focused approach, depending on how you intend to use the first-floor unit.
Located in Strawberry Mansion, the property is described as just steps from Fairmount Park and a new driving range. The area is also noted as offering easy access to cultural landmarks and local universities, with Center City Philadelphia minutes away.
This type of property suits buyers and operators seeking a small residential income building with a straightforward unit mix, including two-bedroom and one-bedroom apartments. With existing occupancy in three units and a clearly defined configuration, the quadplex can support an owner-occupant situation as well as a rental-focused approach, depending on how you intend to use the first-floor unit.
Key Highlights
- Income‑producing 4‑unit apartment building in a desirable location.
- Spacious units boast 11+ ft ceilings, large windows, and hardwood floors.
- Ideally located near Fairmount Park, cultural landmarks, and universities, with easy access to Center City Philadelphia.
Financial Insights For Multifamily LT 5
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 | $73.1k | $25.80 |
| − Vacancy | −$4.0k | −$1.42 |
| EGI | $69.1k | $24.38 |
| − OpEx | −$20.7k | −$7.31 |
| NOI | $48.4k | $17.06 |
2,835 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$691.1K
$604.7K – $806.3K
NOI $48,379 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$637.0K
$557.4K – $743.2K
NOI $44,593 @ 7.0% cap · market cap 8.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
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?
Quadplex - Four-unit quadplex with hardwood floors and 11+ ft ceilings, currently occupied by three tenants with one owner-occupied unit.
Where is this quadplex located?
The property is located at 3214 W DIAMOND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Income‑producing 4‑unit apartment building in a desirable location.; Spacious units boast 11+ ft ceilings, large windows, and hardwood floors.; Ideally located near Fairmount Park, cultural landmarks, and universities, with easy access to Center City Philadelphia.
