1731 West Diamond Street, Philadelphia, PA 19121
Three 3-bedroom units with central heating and air, each with basement washer and dryer, offered with long-term leases.
- Added:
- Jun 2, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 6 at 2:49 am
Property Features for 1731 West Diamond Street
General Information
- Standard status
- Active
- Size
- 2,496 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing agent Matin Haghkar (215) 422-3711
Listing office RE/MAX Plus (215) 422-3711
Listing date Jun 2, 2026
Source Compass
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
HighLights
- 9‑bed, 6‑bath triplex with three 3‑bedroom, 2‑bath apartments
- Long‑term leases in place for all units through at least July 31, 2027 (Unit 2 through July 31, 2028)
- Central air and heat in each unit, plus basement washer and dryer for each apartment
- Historic designation—helps preserve the building’s architectural integrity
- Current rent schedule: Unit 1 $1,140 (through 7/31/26) then $1,180; Unit 2 $1,100 (through 7/31/26) then $1,200; Unit 3 $1,275 through 7/31/27
Overview
The building is positioned in the Temple University rental corridor and is described as being just steps from Temple University’s campus. The remarks note proximity to primary and high schools, SEPTA, corner stores, and Broad Street, with a noted 13-minute drive to City Hall.
For investors or owner-operators, the property is currently leased with long-term tenants in place. Existing rent schedules are provided for Units 1 and 2 through July 31, 2026 and 2027 transitions, and Unit 3 through July 31, 2027, with all three units leased through July 31, 2027 (Unit 2 through July 31, 2028). The listing states that current rents are below market, and it highlights the historic designation as supporting the building’s architectural integrity. The owner may also consider a package purchase with other nearby properties; please inquire for details.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.16236
- Latitude
- 39.985708
