1627 W DIAMOND Street, Philadelphia, PA 19121

Building Details

Year built

1915

Number of units

3

Building materials

Masonry

Architectural style

Other

Listing agent Michael Coleman Show Phone

Listing office Keller Williams Realty Devon-Wayne k***@kw.com 744 W Lancaster Avenue unit: 125, Wayne, PA Show Phone

Listing date Jun 21, 2026

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MLS# PAPH2639516 Listing URL

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.

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Overview

This fully occupied triplex has been completely gutted and renovated in 2015. The property contains three separate rental units, each with its own bedroom and bathroom layout, and it is currently operating with in-place tenants. Unit 1 is configured as a 5-bedroom, 5.5-bath unit rented at $2,625 per month. Unit 2 offers 3 bedrooms and 3 bathrooms and is rented at $1,350 per month. Unit 3 includes 3 bedrooms and 3 bathrooms and is rented at $1,575 per month. The reported annual gross rental income is $60,300.

The triplex is located at 1627 W Diamond Street in Philadelphia, PA 19121. Showings require 24-hour notice for all appointments.

For investors or owner-operators seeking a ready-to-rent multifamily asset, this renovated triplex offers the benefit of current occupancy and documented rental income across three units. With renovations completed in 2015 and unit configurations already in place, the property may be well suited for buyers looking to acquire an income-producing residence without waiting for new tenant rollouts.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Philadelphia

County

Delaware

State

Pennsylvania

Longitude

-75.1607

Latitude

39.98549

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FAQs

What type of property is this?

Triplex - Fully occupied triplex recently gutted and renovated, with three rental units generating documented annual gross income.

Where is this triplex located?

The property is located at 1627 W DIAMOND Street Philadelphia, PA.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Fully occupied triplex with annual gross rental income of $60,300; Unit mix: Unit 1 is 5 bed/5.5 bath rented at $2,625; Unit 2 is 3 bed/3 bath rented at $1,350; Unit 3 is 3 bed/3 bath rented at $1,575; Gutted and renovated in 2015 with modern infrastructure and finishes