RM-1 Triplex with Furnished
1613 W DIAMOND Street, Philadelphia, PA 19121
For Sale
$660,000
Multi-Family, PHILADELPHIA, PA
Property Size2,980 SF
Lot Size0.04 Acres
Price / SF$221.48
Days on Market99
Property Features for 1613 W DIAMOND Street
General Information
Property type
Property subtype
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
stainless steel appliances
in-unit washer/dryer
high-speed WiFi
window air conditioning
security camera system
keyless entry
backyard furnishings
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Keller Williams Realty Devon-Wayne
(610) 647-8300
Listed By:
Jason Polykoff · License PA RS356067
(610) 420-5178
Added: Aug 6
Changed: Oct 24
Last Checked: Nov 12 at 6:06PM
MLS# PAPH2655920
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.
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.
Situated at 1613 W. Diamond Street, this masonry triplex contains three 3-bedroom apartments totaling 2980 square feet on a 0.0413-acre lot. Unit 1 has 1 bathroom and is leased month to month, while Units 2 and 3 each provide 2 full bathrooms. The property is RM-1 zoned and was built in 1915.
Each apartment includes stainless steel appliances, a washer and dryer, high-speed WiFi, and window air-conditioning units. Recent property improvements include newer hot water heaters, an upgraded water pressure pump, refreshed flooring in Unit 1, interior painting, and a drainage system for the Unit 3 laundry area. Furnishings, selected electronics, maintenance supplies, and basement tools are included. Access features include a universal key system, separate bedroom keys, an installed security camera system, and an alarm system in Unit 1.
The property offers on-street parking and is located minutes from Temple University in Philadelphia, PA 19121. Heating is provided by electric baseboard systems.
Each apartment includes stainless steel appliances, a washer and dryer, high-speed WiFi, and window air-conditioning units. Recent property improvements include newer hot water heaters, an upgraded water pressure pump, refreshed flooring in Unit 1, interior painting, and a drainage system for the Unit 3 laundry area. Furnishings, selected electronics, maintenance supplies, and basement tools are included. Access features include a universal key system, separate bedroom keys, an installed security camera system, and an alarm system in Unit 1.
The property offers on-street parking and is located minutes from Temple University in Philadelphia, PA 19121. Heating is provided by electric baseboard systems.
Key Highlights
- Three 3‑bedroom apartments in an RM‑1‑zoned triplex
- 2,980‑square‑foot masonry property on a 0.0413‑acre lot
- Built in 1915 with newer hot water heaters approximately 1 to 2 years old
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$250,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Philadelphia, PA
Properties on Market for Triplexes in Philadelphia
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer varied bathroom layouts, in-unit laundry, stainless steel appliances, and window air conditioning.
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 3‑bedroom apartments in an RM‑1‑zoned triplex; 2,980‑square‑foot masonry property on a 0.0413‑acre lot; Built in 1915 with newer hot water heaters approximately 1 to 2 years old
