Three-Unit Triplex with Central
New
For Sale
$425,000
1704 W DIAMOND STREET, Philadelphia, PA 19121
Three-story residential income property with yard access, a private rear deck, and two-bedroom units.
Property Size2,364 SF
Days on Market4
Property Features for 1704 W DIAMOND STREET
General Information
Standard status
Active
Size
2,364 SF
Property subtype
Triplex
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,584
Amenities
central air
Building Details
Building Size
2,364 SF
Year Built
1915
Buildings
1
Stories
3
Listing Agency:
Penn Liberty Real Estate
(215) 922-7900
Listed By:
Ramon D Caceres Jr. · License #RM421140
(215) 922-7900
Source:
Lizclarkrealestate
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 3 at 10:54AM
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 Penn Liberty Real Estate
Investment Insights
Based on property information with market context.
Built in 1915, this three-story Philadelphia triplex contains three residential units, each arranged with two bedrooms, a full kitchen, and full bathrooms. Central air serves all units. The first-floor residence includes access to the yard, while the second-floor unit has a private rear deck. The third-floor apartment is described as spacious, with high ceilings and a modern interior character.
Located at 1704 W Diamond Street, the property is in Philadelphia’s City of Philadelphia setting, with Center City, entertainment, schools, shopping, and dining nearby. The source information also identifies access to major transportation as a property benefit.
Located at 1704 W Diamond Street, the property is in Philadelphia’s City of Philadelphia setting, with Center City, entertainment, schools, shopping, and dining nearby. The source information also identifies access to major transportation as a property benefit.
Key Highlights
- Three‑story, three‑unit residential building
- Each unit includes 2 bedrooms, a full kitchen, and full bathrooms
- Central air serves all 3 units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.8k | $30.36 |
| − Vacancy | −$4.2k | −$1.76 |
| EGI | $67.6k | $28.60 |
| − OpEx | −$30.4k | −$12.87 |
| NOI | $37.2k | $15.73 |
2,364 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.3K
$504.3K – $672.4K
NOI $40,341 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$531.2K
$464.8K – $619.8K
NOI $37,185 @ 7.0% cap · market cap 8.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
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?
Triplex - Three-story residential income property with yard access, a private rear deck, and two-bedroom units.
Where is this triplex located?
The property is located at 1704 W DIAMOND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑story, three‑unit residential building; Each unit includes 2 bedrooms, a full kitchen, and full bathrooms; Central air serves all 3 units
