Updated Duplex with Private
2933 West Diamond Street Philadelphia, PA 19121
For Sale
$339,999
Pending
Recently painted and updated duplex offers a rented 3BR unit and a vacant 1BR unit with basement access.
Property Size1,845 SF
Days on Market123
Property Features for 2933 West Diamond Street
General Information
- Standard status
- Pending
- Size
- 1,845 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1915
Listing Agency:
EXP Realty, LLC
(267) 551-1999
Listed By:
Khalid Nathan Aleem · License #RS341062
(267) 551-1999
Source:
Compass
Added: Mar 25
Changed: Jul 23
Last Checked: Jul 24 at 3:31PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This updated duplex includes two separate units: a 3-bed, 1-bath unit that is currently rented and a 1-bed, 1-bath unit that is vacant. The 3-bedroom unit features its own private washer and dryer. Recent updates include interior painting, supporting clean, move-in ready condition.
The 1-bedroom unit provides direct access to the basement and includes a private rear yard, offering practical convenience and additional outdoor space. The property is located in Philadelphia near Fairmount Park, with access to nearby recreational amenities mentioned in the listing.
With one unit already occupied and the second unit available, the property suits scenarios where an owner-occupant can reside in one unit while the other unit is used for rental income, subject to the buyer’s intended occupancy and leasing plan.
The 1-bedroom unit provides direct access to the basement and includes a private rear yard, offering practical convenience and additional outdoor space. The property is located in Philadelphia near Fairmount Park, with access to nearby recreational amenities mentioned in the listing.
With one unit already occupied and the second unit available, the property suits scenarios where an owner-occupant can reside in one unit while the other unit is used for rental income, subject to the buyer’s intended occupancy and leasing plan.
Key Highlights
- Duplex with a rented 3 bed/1 bath unit for $2,100/month and a vacant 1 bed/1 bath unit
- Recently painted and updated for clean, move‑in ready spaces
- 3BR unit includes its own private washer and dryer
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 | $56.0k | $30.36 |
| − Vacancy | −$3.2k | −$1.76 |
| EGI | $52.8k | $28.60 |
| − OpEx | −$23.7k | −$12.87 |
| NOI | $29.0k | $15.73 |
1,845 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.8K
$393.6K – $524.8K
NOI $31,485 @ 7.0% cap · market cap 9.26%
Second Best
Apartment 5plus
$414.6K
$362.8K – $483.7K
NOI $29,021 @ 7.0% cap · market cap 8.54%
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
Duplexes
FAQs
What type of property is this?
Duplex - Recently painted and updated duplex offers a rented 3BR unit and a vacant 1BR unit with basement access.
Where is this duplex located?
The property is located at 2933 West Diamond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,999.
What are key features of this property?
This property features: Duplex with a rented 3 bed/1 bath unit for $2,100/month and a vacant 1 bed/1 bath unit; Recently painted and updated for clean, move‑in ready spaces; 3BR unit includes its own private washer and dryer
