Turnkey Fully Occupied
1913 W Diamond Street Philadelphia, PA 19121
For Sale
$549,900
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 Market224
Property Features for 1913 W Diamond Street
General Information
- Standard status
- Active
- Size
- 2,895 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1915
Listing Agency:
RE/MAX 440 - Perkasie
(856) 222-0077
Listed By:
Gary Cook
Source:
Thetristaterealestategroup
Added: Dec 12, 2025
Changed: Jul 23
Last Checked: Jul 24 at 5:22AM
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 440 - Perkasie
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 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 | $74.7k | $25.80 |
| − Vacancy | −$4.1k | −$1.42 |
| EGI | $70.6k | $24.38 |
| − OpEx | −$21.2k | −$7.31 |
| NOI | $49.4k | $17.06 |
2,895 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
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)
