Triplex with Three 3-Bed
For Sale
$469,999
1731 W DIAMOND STREET, Philadelphia, PA 19121
Well-maintained triplex with three three-bedroom units and central air in each apartment.
Days on Market60
Property Features for 1731 W DIAMOND STREET
General Information
Standard status
Active
Property subtype
Triplex
Occupancy
100%
Additional Details
Gross Income
$43,260
Building Details
Building Size
2,496 SF
Year Built
1913
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Plus
(215) 422-3711
Listed By:
Matin Haghkar
(215) 422-3711
Source:
Patmckennarealtors
Added: Jun 3
Changed: Jul 30
Last Checked: Jul 31 at 11:25AM
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 RE/MAX Plus
Investment Insights
Based on property information with market context.
Located at 1731 W Diamond Street in Philadelphia, this well-maintained triplex was built in 1913 and offers a total of 9 bedrooms and 6 bathrooms. The building is configured as three spacious apartments, each with three bedrooms and two bathrooms, with functional layouts and generous kitchen cabinet space.
Each unit has access to the backyard/patio through the common area basement. Shared basement space also supports in-unit convenience with a washer and dryer provided for each apartment, and the property features newer appliances along with central air and heat.
The home is within the Temple University rental corridor, described as being just steps from campus, near primary and high schools, SEPTA, corner stores, and Broad Street. The property is also part of a historic designation, supporting preservation of its architectural integrity. All units are currently rented for at least another year, with long-term tenants in place.
Each unit has access to the backyard/patio through the common area basement. Shared basement space also supports in-unit convenience with a washer and dryer provided for each apartment, and the property features newer appliances along with central air and heat.
The home is within the Temple University rental corridor, described as being just steps from campus, near primary and high schools, SEPTA, corner stores, and Broad Street. The property is also part of a historic designation, supporting preservation of its architectural integrity. All units are currently rented for at least another year, with long-term tenants in place.
Key Highlights
- Triplex built in 1913 with 9 bedrooms and 6 bathrooms
- Three apartments, each with three bedrooms and two bathrooms
- Central air and heat plus newer appliances
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 | $64.4k | $25.80 |
| − Vacancy | −$3.5k | −$1.42 |
| EGI | $60.8k | $24.38 |
| − OpEx | −$18.3k | −$7.31 |
| NOI | $42.6k | $17.06 |
2,496 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$608.5K
$532.4K – $709.9K
NOI $42,594 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$560.9K
$490.8K – $654.4K
NOI $39,261 @ 7.0% cap · market cap 8.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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 - Well-maintained triplex with three three-bedroom units and central air in each apartment.
Where is this triplex located?
The property is located at 1731 W DIAMOND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $469,999.
What are key features of this property?
This property features: Triplex built in 1913 with 9 bedrooms and 6 bathrooms; Three apartments, each with three bedrooms and two bathrooms; Central air and heat plus newer appliances
