Four-Unit Residential Income
1921 West Diamond Street Philadelphia, PA 19121
For Sale
$655,000
Recently renovated four 3-bedroom units with in-unit laundry and central air, three currently leased.
Property Size3,672 SF
Price / SF$178.38
Days on Market190
Property Features for 1921 West Diamond Street
General Information
- Standard status
- Active
- Size
- 3,672 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
Century 21 Advantage Gold-Lower Bucks
(215) 680-5704
Listed By:
Joan A Schleinkofer · License #RS331779
(215) 680-5704
Source:
Compass
Added: Jan 15
Changed: Jul 23
Last Checked: Jul 23 at 8:53AM
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 Century 21 Advantage Gold-Lower Bucks
Investment Insights
Based on property information with market context.
This recently renovated four-unit multifamily property features four 3-bedroom, 1-bath units. Each unit includes in-unit laundry and central air. Improvements include a new roof and exterior paint completed in 2023, along with new appliances, flooring, and interior paint. Updates also include newer bathrooms and HVAC. The interior common-area hallway lighting was added in 2025–26, and the basement unit’s full renovation has just been completed and is now available for rent.
The building is located at 1921 West Diamond Street in Philadelphia, within walking distance to Temple University.
Three units are currently leased, providing in-place income alongside the newly available renovated basement unit.
The building is located at 1921 West Diamond Street in Philadelphia, within walking distance to Temple University.
Three units are currently leased, providing in-place income alongside the newly available renovated basement unit.
Key Highlights
- Four‑unit multifamily building with 3‑bedroom, 1‑bath units and in‑unit laundry
- Central air throughout; newer bathrooms and HVAC
- Three units currently leased; basement unit full renovation just completed and now available for rent
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 9.57%
Second Best
Apartment 5plus
$825.1K
$722.0K – $962.7K
NOI $57,759 @ 7.0% cap · market cap 8.82%
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
Quadplexes
FAQs
What type of property is this?
Quadplex - Recently renovated four 3-bedroom units with in-unit laundry and central air, three currently leased.
Where is this quadplex located?
The property is located at 1921 West Diamond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Four‑unit multifamily building with 3‑bedroom, 1‑bath units and in‑unit laundry; Central air throughout; newer bathrooms and HVAC; Three units currently leased; basement unit full renovation just completed and now available for rent
