Philadelphia Triplex Investment
1704 W DIAMOND Street Philadelphia, PA 19121
1704 W DIAMOND Street, Philadelphia, PA, 19121
$425,000
For Sale
$425,000
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,364 SF
Lot Size0.04 Acres
Price / SF$179.78
Days on Market373
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
- 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
1015 N Marshall Street, Phila, PA
Listed by
Ramon D Caceres Jr. · License #RM421140
(215) 922-7900
Added: Jul 9, 2025 Checked: Jul 16 at 4:06 pm
MLS# PAPH2513930
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.
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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.
