Philadelphia Triplex Investment
For Sale
$425,000
1704 W DIAMOND Street, Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,364 SF
Lot Size0.04 Acres
Price / SF$179.78
Days on Market389
Property Features for 1704 W DIAMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Appliances
Built-In Range, Refrigerator, Range Hood
Subdivision
TEMPLE UNIVERSITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,364 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6584
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Listing Agency:
Penn Liberty Real Estate
(215) 922-7900
Listed By:
Ramon D Caceres Jr. · License #RM421140
(215) 922-7900
Added: Jul 9, 2025
Changed: Jun 9
Last Checked: Aug 1 at 2:06AM
MLS# PAPH2513930
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.
Investment Insights
Based on property information with market context.
This three-story, three-unit multifamily property is located in Philadelphia, offering a great investment opportunity. Situated on a wide street with ample parking, the building is conveniently located near major transportation routes, just minutes from Center City, entertainment venues, schools, shopping centers, and dining options. Each unit features two large bedrooms, a full kitchen, and a bathroom. Central air conditioning is provided for all units. The first-floor unit has access to a yard, while the second-floor unit includes a private rear deck. The third-floor apartment is spacious and has a modern vibe with high ceilings. The property size is 2364 square feet, situated on a lot of 0.0351 acres.
Key Highlights
- Three‑unit multi‑family property, ideal for investment.
- Each unit features 2 large bedrooms, a full kitchen, and a full bath.
- Central air conditioning for all 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
Property Profile
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-unit building near Center City with modern amenities.
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‑unit multi‑family property, ideal for investment.; Each unit features 2 large bedrooms, a full kitchen, and a full bath.; Central air conditioning for all units.
