Three-Unit Multifamily
For Sale
$660,000
1613 W DIAMOND STREET, Philadelphia, PA 19121
RM-1 triplex with three furnished apartments, individual laundry, stainless steel appliances, and recent property improvements.
Property Size2,980 SF
Price / SF$221.48
Days on Market70
Property Features for 1613 W DIAMOND STREET
General Information
Standard status
Active
Size
2,980 SF
Property subtype
Triplex
Zoning
RM-1
Units
Unit Mix
1 x 3BR/1BA, 2 x 3BR/2BA
Multifamily Units
3
Additional Details
Furnished
Yes
Amenities
stainless steel appliances
in-unit washer/dryer
high-speed WiFi
window air conditioning
security camera system
security system
backyard furnishings
keypad entry
Landlord Locks system
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Jason Polykoff · License #RS356067
(610) 420-5178
Source:
Cummingsrealtors
Added: Aug 6
Changed: Oct 13
Last Checked: Oct 12 at 7:04PM
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 Keller Williams Realty Devon-Wayne
Investment Insights
Based on property information with market context.
Built in 1915, this 2,980-square-foot Philadelphia triplex contains three three-bedroom apartments. The first unit has one bathroom, while the second and third units each include two full bathrooms. Recent work includes new flooring in Unit 1, fresh paint throughout, three newer hot water heaters approximately 1 to 2 years old, an upgraded water pressure pump, and a dedicated washer-and-dryer drain system in Unit 3.
Each apartment includes stainless steel appliances, in-unit laundry, high-speed WiFi, and window air-conditioning units. The sale includes selected furnishings and equipment, including flat-screen TVs, couches, kitchen tables and chairs, TV consoles, networking equipment, more than nine window AC units, and basement-stored tools and maintenance supplies. Additional property features include a universal key system, separate bedroom keys, backyard furnishings, an installed security camera system, and a Unit 1 security system.
The property is located at 1613 W Diamond Street in Philadelphia, Pennsylvania, near Temple University. RM-1 zoning and the three-apartment configuration are documented property characteristics.
Each apartment includes stainless steel appliances, in-unit laundry, high-speed WiFi, and window air-conditioning units. The sale includes selected furnishings and equipment, including flat-screen TVs, couches, kitchen tables and chairs, TV consoles, networking equipment, more than nine window AC units, and basement-stored tools and maintenance supplies. Additional property features include a universal key system, separate bedroom keys, backyard furnishings, an installed security camera system, and a Unit 1 security system.
The property is located at 1613 W Diamond Street in Philadelphia, Pennsylvania, near Temple University. RM-1 zoning and the three-apartment configuration are documented property characteristics.
Key Highlights
- Three‑bedroom apartments: Unit 1 has 1 bathroom; Units 2 and 3 each have 2 full bathrooms
- 2,980‑square‑foot triplex built in 1915
- RM‑1 zoning at 1613 W Diamond Street, Philadelphia, PA 19121
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,853
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,060
$1.0M
Cap Rate 7%
$726,471
$726.5K
Cap Rate 9%
$565,033
$565.0K
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$76.9K $25.80/SF
− Vacancy
−$4.2K −$1.42/SF
EGI
$72.6K $24.38/SF
− OpEx
−$21.8K −$7.31/SF
NOI
$50.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,060
Cap Rate 7%
$726,471
Cap Rate 9%
$565,033
Alternative Uses
Best Use
Multifamily LT 5
$726.5K
$635.7K – $847.6K
NOI $50,853 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$669.6K
$585.9K – $781.2K
NOI $46,874 @ 7.0% cap · market cap 7.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - RM-1 triplex with three furnished apartments, individual laundry, stainless steel appliances, and recent property improvements.
Where is this triplex located?
The property is located at 1613 W DIAMOND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three‑bedroom apartments: Unit 1 has 1 bathroom; Units 2 and 3 each have 2 full bathrooms; 2,980‑square‑foot triplex built in 1915; RM‑1 zoning at 1613 W Diamond Street, Philadelphia, PA 19121
