Eight-Unit Apartment Property
For Sale
$1,649,900
1516-18 W Diamond Street, Philadelphia, PA 19121
Two neighboring properties feature larger-bedroom layouts near Temple University and area public transportation.
Days on Market40
Property Features for 1516-18 W Diamond Street
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 2 x 3BR/2BA, 4 x 4BR/2BA
Multifamily Units
8
Building Details
Year Built
2013
Buildings
2
Listing Agency:
Engel & Volkers
(215) 383-3303
Listed By:
Logan Rothman · License #RS373523
Source:
Deepcreeklake
Added: Jun 23
Changed: Jul 31
Last Checked: Aug 1 at 2:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers
Investment Insights
Based on property information with market context.
1516 and 1518 Diamond Street are offered together as a package of two neighboring apartment properties containing 8 total units. The unit mix includes two 3-bedroom/1-bath units, two 3-bedroom/2-bath units, and four 4-bedroom/2-bath units. The larger bedroom counts and shared-living layouts are positioned for student and off-campus rental use. Both properties were built in 2013.
The properties are located near Temple University, Broad Street, public transportation, neighborhood dining, and everyday conveniences. The package may also be purchased with nearby 1726 Arlington Street, creating a larger 10-unit portfolio opportunity in the Temple University rental market.
The properties are located near Temple University, Broad Street, public transportation, neighborhood dining, and everyday conveniences. The package may also be purchased with nearby 1726 Arlington Street, creating a larger 10-unit portfolio opportunity in the Temple University rental market.
Key Highlights
- 8 total units across 1516 and 1518 Diamond Street
- Unit mix includes two 3‑bedroom/1‑bath, two 3‑bedroom/2‑bath, and four 4‑bedroom/2‑bath units
- Two neighboring apartment properties built in 2013
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Paved road access
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?
Apartment building - Two neighboring properties feature larger-bedroom layouts near Temple University and area public transportation.
Where is this apartment building located?
The property is located at 1516-18 W Diamond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,649,900.
What are key features of this property?
This property features: 8 total units across 1516 and 1518 Diamond Street; Unit mix includes two 3‑bedroom/1‑bath, two 3‑bedroom/2‑bath, and four 4‑bedroom/2‑bath units; Two neighboring apartment properties built in 2013
