Apartment Building Portfolio with Mixed-Use
New
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 Market2
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
Last Checked: Sep 1 at 9:18PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,181
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
9
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,572
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 Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
