Renovated Multifamily Building Near
For Sale
$647,500
1921 W DIAMOND Street, Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Size3,672 SF
Lot Size0.04 Acres
Price / SF$176.33
Days on Market196
Property Features for 1921 W DIAMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Subdivision
TEMPLE UNIVERSITY
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
3,672 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
10373
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1915
Number of units
4
Building materials
Brick
Listing Agency:
Century 21 Advantage Gold-Lower Bucks · Century 21 Real Estate
(215) 638-4880
Listed By:
Joan A Schleinkofer · License #RS331779
(215) 680-5704
Added: Jan 16
Changed: Jun 9
Last Checked: Jul 31 at 3:06PM
MLS# PAPH2575454
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 recently renovated multifamily building is located within walking distance of Temple University. The property consists of four units, each featuring three bedrooms and one bathroom. Each unit includes in-unit laundry and central air. The property received a new roof and exterior paint in 2023, along with new appliances, flooring, and interior paint. New interior common-area hallway lighting is planned for 2025-26. The bathrooms and HVAC systems are newer. Three of the units are currently leased. A full renovation of the basement unit has recently been completed, and it is now available for rent. The property size is 3672 square feet and the lot size is 0.0399 acres.
Key Highlights
- Walking distance to Temple University
- Four units, each with 3 bedrooms and 1 bath
- Enjoy the convenience of in‑unit laundry and central air in all units
Financial Insights For Apartment 5plus
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 | $111.5k | $30.36 |
| − Vacancy | −$6.5k | −$1.76 |
| EGI | $105.0k | $28.60 |
| − OpEx | −$47.3k | −$12.87 |
| NOI | $57.8k | $15.73 |
3,672 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$895.2K
$783.3K – $1.04M
NOI $62,662 @ 7.0% cap · market cap 9.68%
Second Best
Apartment 5plus
$825.1K
$722.0K – $962.7K
NOI $57,759 @ 7.0% cap · market cap 8.92%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
75%
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Recently renovated multifamily property near Temple University with modern amenities.
Where is this quadplex located?
The property is located at 1921 W DIAMOND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $647,500.
What are key features of this property?
This property features: Walking distance to Temple University; Four units, each with 3 bedrooms and 1 bath; Enjoy the convenience of in‑unit laundry and central air in all units
