Masonry Triplex with
New
For Sale
$575,000
1900 W DIAMOND Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size3,315 SF
Lot Size0.03 Acres
Price / SF$173.45
Days on Market2
Property Features for 1900 W DIAMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Subdivision
TEMPLE UNIVERSITY
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,315 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6619
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Skyline Realty & Property Managment LLC
(215) 800-1762
Listed By:
Mark Alexander Khavinson
(267) 710-1457
Added: Aug 10
Last Checked: Aug 11 at 7:06PM
MLS# PAPH2658214
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 3,315-square-foot triplex sits on a 0.034-acre lot and was built in 1915 with masonry construction. The property is fully occupied and includes hot water heating, central air conditioning, and on-street parking. A basement is part of the current layout.
The basement has been framed and includes multiple egresses, creating a potential fourth unit configured as two bedrooms and one bathroom. The property is located near Temple Campus at 1900 W DIAMOND Street in Philadelphia’s 19121 ZIP code.
RM-1 zoning and the existing multifamily configuration support continued residential income use. The basement improvements provide an additional feature for review during due diligence, subject to applicable approvals and completion requirements.
The basement has been framed and includes multiple egresses, creating a potential fourth unit configured as two bedrooms and one bathroom. The property is located near Temple Campus at 1900 W DIAMOND Street in Philadelphia’s 19121 ZIP code.
RM-1 zoning and the existing multifamily configuration support continued residential income use. The basement improvements provide an additional feature for review during due diligence, subject to applicable approvals and completion requirements.
Key Highlights
- 3,315 SF triplex on a 0.034‑acre lot
- Fully occupied multifamily property
- Basement framed with multiple egresses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,143
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,042,860
$1.0M
Cap Rate 7%
$744,900
$744.9K
Cap Rate 9%
$579,367
$579.4K
Market Conditions
NOI Build-Up for 3,315 SF
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.
Gross rent
$100.6K $30.36/SF
− Vacancy
−$5.8K −$1.76/SF
EGI
$94.8K $28.60/SF
− OpEx
−$42.7K −$12.87/SF
NOI
$52.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,042,860
Cap Rate 7%
$744,900
Cap Rate 9%
$579,367
Alternative Uses
Best Use
Multifamily LT 5
$808.1K
$707.1K – $942.8K
NOI $56,570 @ 7.0% cap · market cap 9.84%
Second Best
Apartment 5plus
$744.9K
$651.8K – $869.1K
NOI $52,143 @ 7.0% cap · market cap 9.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied RM-1 property near Temple Campus with central air and on-street parking.
Where is this triplex located?
The property is located at 1900 W DIAMOND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,315 SF triplex on a 0.034‑acre lot; Fully occupied multifamily property; Basement framed with multiple egresses
