Tenant-Occupied Triplex
1728 West Diamond Street Philadelphia, PA 19121
For Sale
$450,000
Pending
Well-maintained triplex with three occupied units and a basement and backyard area at 1728 W Diamond St.
Property Size2,364 SF
Days on Market134
Property Features for 1728 West Diamond Street
General Information
- Standard status
- Pending
- Size
- 2,364 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Elfant Wissahickon-Chestnut Hill
(571) 488-2058
Listed By:
ROBERT KOEHLER · License #RS369468
(571) 488-2058
Source:
Compass
Added: Mar 13
Changed: Jul 22
Last Checked: Jul 23 at 8:19AM
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 Elfant Wissahickon-Chestnut Hill
Investment Insights
Based on property information with market context.
This tenant-occupied triplex includes three residential units configured across the first, second, and third floors. Unit 1 is a first-floor 3-bedroom with 1.5 bathrooms. Unit 2 is a second-floor 2-bedroom with 2.5 bathrooms. Unit 3 is a third-floor 2-bedroom with 2.5 bathrooms. The property also includes a basement and a backyard area.
The building is located near Temple University, public transportation, major roadways, and shopping and dining. It is also described as providing easy access to Center City and surrounding neighborhoods.
The property’s size is listed at 2,364 square feet, and it is offered for sale in Philadelphia, PA within the Philadelphia City School District.
The building is located near Temple University, public transportation, major roadways, and shopping and dining. It is also described as providing easy access to Center City and surrounding neighborhoods.
The property’s size is listed at 2,364 square feet, and it is offered for sale in Philadelphia, PA within the Philadelphia City School District.
Key Highlights
- Tenant‑occupied triplex at 1728 W Diamond St with three occupied units generating rental income
- Unit mix: 3BR/1.5BA (first floor), 2BR/2.5BA (second floor), and 2BR/2.5BA (third floor)
- Basement and backyard area included
Financial Insights For Multifamily LT 5
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 | $61.0k | $25.80 |
| − Vacancy | −$3.4k | −$1.42 |
| EGI | $57.6k | $24.38 |
| − OpEx | −$17.3k | −$7.31 |
| NOI | $40.3k | $17.06 |
2,364 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$576.3K
$504.3K – $672.4K
NOI $40,341 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$531.2K
$464.8K – $619.8K
NOI $37,185 @ 7.0% cap · market cap 8.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained triplex with three occupied units and a basement and backyard area at 1728 W Diamond St.
Where is this triplex located?
The property is located at 1728 West Diamond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Tenant‑occupied triplex at 1728 W Diamond St with three occupied units generating rental income; Unit mix: 3BR/1.5BA (first floor), 2BR/2.5BA (second floor), and 2BR/2.5BA (third floor); Basement and backyard area included
