Apartment Building Portfolio with Mixed-Use
For Sale
$1,225,000
2101 2101-2109 W Diamond St, Philadelphia, PA 19121
Seven contiguous properties combine residential units, commercial spaces, and duplex configurations within a neighborhood-serving assemblage.
Property Size3,468 SF
Lot Size0.25 Acres
Price / SF$353.23
Days on Market47
Property Features for 2101 2101-2109 W Diamond St
General Information
Standard status
Active
Size
3,468 SF
Lot size
0.25 Acres
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
9
Building Details
Year Built
1915
Listing Agency:
Compass Pennsylvania, LLC
Listed By:
Cassidee Curran · License #RS337027
(267) 266-0347
Source:
Bethsamberg
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 7 at 5:02PM
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 Compass Pennsylvania, LLC
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Investment Insights
Based on property information with market context.
This seven-property portfolio combines residential and commercial improvements across a contiguous corner assemblage. The offering includes approximately 23,010 square feet of existing above-grade building area and 14 total units, comprising nine residential units and five commercial units. The properties are being sold together in their present condition.
Five Diamond Street parcels carry CMX-2 zoning and include a corner mixed-use property, residential buildings, and former medical and commercial spaces. The two N 21st Street parcels are zoned RSA-5 and configured as duplexes. The assemblage contains approximately 10,795 square feet of land, with about 85 feet of frontage on W Diamond Street and approximately 127 feet along N 21st Street. The properties are located near Temple University and include addresses from 2101–2109 W Diamond Street and 2114–2116 N 21st Street in Philadelphia.
Five Diamond Street parcels carry CMX-2 zoning and include a corner mixed-use property, residential buildings, and former medical and commercial spaces. The two N 21st Street parcels are zoned RSA-5 and configured as duplexes. The assemblage contains approximately 10,795 square feet of land, with about 85 feet of frontage on W Diamond Street and approximately 127 feet along N 21st Street. The properties are located near Temple University and include addresses from 2101–2109 W Diamond Street and 2114–2116 N 21st Street in Philadelphia.
Key Highlights
- Seven‑property contiguous portfolio offered together
- Approximately 23,010 square feet of existing above‑grade building area
- 14 total units: nine residential and five commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,181
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,183,620
$1.2M
Cap Rate 7%
$845,443
$845.4K
Cap Rate 9%
$657,567
$657.6K
Market Conditions
NOI Build-Up for 3,468 SF
Gross rent
$89.5K $25.80/SF
− Vacancy
−$4.9K −$1.42/SF
EGI
$84.5K $24.38/SF
− OpEx
−$25.4K −$7.31/SF
NOI
$59.2K $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%
$1,183,620
Cap Rate 7%
$845,443
Cap Rate 9%
$657,567
Alternative Uses
Best Use
Multifamily LT 5
$845.4K
$739.8K – $986.4K
NOI $59,181 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$779.3K
$681.9K – $909.2K
NOI $54,550 @ 7.0% cap · market cap 4.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
9
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
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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 Office in Philadelphia, PA
Frequently Asked Questions
What type of property is this?
Apartment building - Seven contiguous properties combine residential units, commercial spaces, and duplex configurations within a neighborhood-serving assemblage.
Where is this apartment building located?
The property is located at 2101 2101-2109 W Diamond St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Seven‑property contiguous portfolio offered together; Approximately 23,010 square feet of existing above‑grade building area; 14 total units: nine residential and five commercial
