Upgraded Mixed-Use Corner
2845 W DIAMOND Street Philadelphia, PA 19121
2845 W DIAMOND Street, Philadelphia, PA, 19121
$1,195,900
For Sale
$1,195,900
MULTI_FAMILY - Other - PHILADELPHIA, PA
Property Size4,973 SF
Lot Size0.03 Acres
Price / SF$240.48
Days on Market85
Property Features for 2845 W DIAMOND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room
- Parking features
- On Street
- Interior features
- Air Filter System, Bar, Breakfast Area, Built-Ins, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Dining Area, Kitchen - Island, Recessed Lighting, Upgraded Countertops, Wood Floors
- Appliances
- Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Microwave, Refrigerator, Stainless Steel Appliances, Stove, Washer
- Standard status
- Active
- Size
- 4,973 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 78
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 4
- Architectural style
- Other
Listing Agency
Keller Williams Main Line
(610) 520-0100
6 Coulter Avenue unit: 2, Ardmore, PA
Listed by
John D McDonald · License #RS284363
(215) 669-0469
Added: Apr 25 Checked: Jul 18 at 10:06 am
MLS# PAPH2611650
Listing URL
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.
Located at the intersection of Strawberry Mansion and Brewerytown, this upgraded mixed-use property was completed in 2022. The corner property features 3 residential units and a bi-level commercial space. The building has open cell foam insulation in the walls and closed cell foam on the roof. The commercial spaces have dedicated ERV systems. A handicap accessible ramp and a separate entrance serve the primary space. The property includes remotely accessible security cameras. Residential units feature quartz countertops, stainless steel appliances, in-unit laundry, hardwood floors, tiled bathrooms, and private roof decks. The property has an approved 10-year tax abatement. The lot size is 0.0281 acres and the property size is 4973 square feet. The property is less than two miles from Temple University Main Campus and University City, home to Drexel and UPenn. 30th Street Station is a 10-minute drive away. The location is near Fairmount Park and Kelly Drive, with access to the Schuylkill River Trail.
Key Highlights
- Fully stabilized mixed‑use corner property delivering positive cash flow.
- Approved 10‑year tax abatement.
- High‑quality construction with superior soundproofing, climate control, and energy efficiency.
Local 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 | $151.0k | $30.36 |
| − Vacancy | −$8.8k | −$1.76 |
| EGI | $142.2k | $28.60 |
| − OpEx | −$64.0k | −$12.87 |
| NOI | $78.2k | $15.73 |
4,973 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.8K – $1.30M
NOI $78,223 @ 7.0% cap · market cap 6.54%
Second Best
Mixed Use
$844.0K
$738.5K – $984.7K
NOI $59,079 @ 7.0% cap · market cap 4.94%
Theoretical Best
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,864 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Meticulously upgraded mixed-use property with positive cash flow.
Where is this mixed-use property located?
The property is located at 2845 W DIAMOND Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,195,900.
What are key features of this property?
This property features: Fully stabilized mixed‑use corner property delivering positive cash flow.; Approved 10‑year tax abatement.; High‑quality construction with superior soundproofing, climate control, and energy efficiency.
