Turnkey Fully Occupied
For Sale
$549,900
1913 W DIAMOND ST, 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 Market111
Property Features for 1913 W DIAMOND ST
General Information
Standard status
Active
Size
2,895 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
3
Amenities
basement laundry
separate utilities
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Kennisha Pressley-Smith · License #RS345421
(609) 389-9345
Source:
Towncentermd
Added: Jul 6
Changed: Oct 10
Last Checked: Oct 23 at 6:13AM
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 Keller Williams Realty - Moorestown
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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 / Yr
$49,403
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 ST 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)
