Turnkey Fully Occupied
For Sale
$549,900
1913 W Diamond Street, Philadelphia, PA 19121
Fully occupied renovated triplex with separate utilities and basement laundry, professionally managed for income stability.
Property Size2,895 SF
Price / SF$189.95
Days on Market271
Property Features for 1913 W Diamond Street
General Information
Standard status
Active
Size
2,895 SF
Property subtype
Multi-Family
Zoning
RM1
Occupancy
100%
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,627
Amenities
basement laundry
separate utilities
Full
Natural Gas
Yes
Electric
No
3
Assessor
2
No Pool
Public
U50
17.00 x 95.00
0.04
On Street
Concrete Perimeter,Brick/Mortar
Building Details
Building Size
2,895 SF
Year Built
1915
Listing Agency:
Warner Real Estate & Auction Company
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Dec 12, 2025
Changed: Sep 7
Last Checked: Sep 8 at 4:10AM
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 Warner Real Estate & Auction Company
Investment Insights
Based on property information with market context.
This turnkey triplex is fully occupied and described as cash-flowing, with three spacious units and modern, renovated interiors. Each unit features separate utilities and includes brand-new wood cabinetry kitchen finishes, updated full bathrooms, new flooring, fresh paint, and recessed lighting. In addition, the property includes basement laundry, supporting day-to-day convenience for residents.
The property is located at 1913 W Diamond Street in Philadelphia within the Temple University / Brewerytown corridor, with convenient access noted to Center City, public transportation, major highways and bridges, and nearby shopping. It is professionally managed, providing an investor-friendly, hands-off approach alongside a stabilized current setup.
The property is located at 1913 W Diamond Street in Philadelphia within the Temple University / Brewerytown corridor, with convenient access noted to Center City, public transportation, major highways and bridges, and nearby shopping. It is professionally managed, providing an investor-friendly, hands-off approach alongside a stabilized current setup.
Key Highlights
- Fully occupied 3‑unit triplex with 2 three‑bedroom units
- Renovations include brand‑new kitchen wood cabinetry, updated full bathrooms, new flooring, fresh paint, and recessed lighting
- Separate utilities for each unit; hot water and heating are available (Hot Water: natural gas; Heating: electric)
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
$49,403
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
8.98%
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%
$988,060
$988.1K
Cap Rate 7%
$705,757
$705.8K
Cap Rate 9%
$548,922
$548.9K
Market Conditions
NOI Build-Up for 2,895 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
$74.7K $25.80/SF
− Vacancy
−$4.1K −$1.42/SF
EGI
$70.6K $24.38/SF
− OpEx
−$21.2K −$7.31/SF
NOI
$49.4K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$988,060
Cap Rate 7%
$705,757
Cap Rate 9%
$548,922
Alternative Uses
Best Use
Multifamily LT 5
$705.8K
$617.5K – $823.4K
NOI $49,403 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$650.5K
$569.2K – $759.0K
NOI $45,537 @ 7.0% cap · market cap 8.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,912
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 - Fully occupied renovated triplex with separate utilities and basement laundry, professionally managed for income stability.
Where is this triplex located?
The property is located at 1913 W Diamond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Fully occupied 3‑unit triplex with 2 three‑bedroom units; Renovations include brand‑new kitchen wood cabinetry, updated full bathrooms, new flooring, fresh paint, and recessed lighting; Separate utilities for each unit; hot water and heating are available (Hot Water: natural gas; Heating: electric)
