Mixed-Use Building with Dual
For Sale
$439,999
1542 Diamond St, Philadelphia, PA 19121
Dual storefronts with residential space above, including turnkey apartments and a framed upper level ready for completion.
Property Size3,400 SF
Lot Size0.04 Acres
Price / SF$129.41
Days on Market184
Property Features for 1542 Diamond St
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.04 Acres
Property subtype
Multi-Family
Zoning
CMX-1
Site & Location
Neighborhood
North Philadelphia
Additional Details
Cap Rate
6.5%
Commercial Hood
Yes
Building Details
Year Built
1915
Stories
3
Listing Agency:
Realty One Group Restore
Listed By:
Sundy Y Sokun · License #RS379541
(215) 667-3250
Source:
Upgradebymichaud
Added: Apr 24
Changed: Oct 16
Last Checked: Oct 23 at 9:39AM
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 Realty One Group Restore
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes two street-facing retail spaces on the ground floor and residential units on the upper floors, with separate meters serving the residential levels. The primary storefront has existing frontage on Diamond Street and an operational commercial kitchen and hood currently run by the seller. A secondary retail unit is vacant and positioned for renovation, offering flexibility for neighborhood commercial use. The second floor is a fully renovated, turnkey three-bedroom, two-bath apartment. The third floor is framed and ready for completion and currently configured as four bedrooms and three baths, allowing a new owner to customize finishes.
Zoned with CMX-1 characteristics supporting neighborhood commercial plus residential use, the property benefits from a reported CMX-1 “as of right” use list referenced in the offering remarks. The seller reports public utilities and 2025 taxes of $5,792. The site is reported as approximately 18 by 100 feet, with showings by appointment only and the property sold as-is.
Zoned with CMX-1 characteristics supporting neighborhood commercial plus residential use, the property benefits from a reported CMX-1 “as of right” use list referenced in the offering remarks. The seller reports public utilities and 2025 taxes of $5,792. The site is reported as approximately 18 by 100 feet, with showings by appointment only and the property sold as-is.
Key Highlights
- 4,300+ SF mixed‑use building with two storefronts and two residential floors with separate meters
- Ground floor includes ~1,000 SF across two retail spaces; primary unit has an operational commercial kitchen and hood (seller‑run)
- Secondary retail unit (~600 SF) is vacant and ready for renovation for food service, café, or neighborhood retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,392
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
$807.8K
Cap Rate 7%
$577,029
$577.0K
Cap Rate 9%
$448,800
$448.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$73.4K $21.60/SF
− Vacancy
−$8.8K −$2.59/SF
EGI
$64.6K $19.01/SF
− OpEx
−$24.2K −$7.13/SF
NOI
$40.4K $11.88/SF
Area
Philadelphia, PA
Vacancy
12.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
Cap Rate 7%
$577,029
Cap Rate 9%
$448,800
Alternative Uses
Best Use
Multifamily LT 5
$828.9K
$725.3K – $967.0K
NOI $58,021 @ 7.0% cap · market cap 13.19%
Second Best
Apartment 5plus
$764.0K
$668.5K – $891.3K
NOI $53,480 @ 7.0% cap · market cap 12.15%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
2,067
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Dual storefronts with residential space above, including turnkey apartments and a framed upper level ready for completion.
Where is this mixed-use property located?
The property is located at 1542 Diamond St Philadelphia, PA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: 4,300+ SF mixed‑use building with two storefronts and two residential floors with separate meters; Ground floor includes ~1,000 SF across two retail spaces; primary unit has an operational commercial kitchen and hood (seller‑run); Secondary retail unit (~600 SF) is vacant and ready for renovation for food service, café, or neighborhood retail use
