Renovated Five-Unit
For Sale
$630,000
3112 W DIAMOND STREET, Philadelphia, PA 19121
Updated Philadelphia brownstone with studio and two-bedroom layouts, original architectural details, and private backyard access.
Property Size1,490 SF
Price / SF$422.82
Days on Market49
Property Features for 3112 W DIAMOND STREET
General Information
Standard status
Active
Size
1,490 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Philadelphia
Building Details
Year Built
1915
Listing Agency:
United Real Estate
(484) 367-7727
Listed By:
Joy Johnson · License #RS357929
(609) 534-0212
Source:
Cummingsrealtors
Added: Sep 16
Changed: Nov 1
Last Checked: Nov 1 at 5:17AM
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 United Real Estate
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Investment Insights
Based on property information with market context.
This legal five-unit brownstone was renovated in 2023 and includes four studio apartments plus one two-bedroom, two-bath residence. The larger unit has access to a private backyard. Interior features include high ceilings, exposed brick, oversized windows, and updated finishes that retain original architectural character. In-unit laundry is installed in four apartments. Two units are expected to be delivered vacant, while the property has a history of tenant occupancy.
The building is located on a quiet block with abundant street parking and newly paved streets. Kelly Drive, the Art Museum, Temple, Brewerytown, Fairmount Park, The Dell, and Philadelphia dining and nightlife are identified as nearby destinations. The property was built in 1915 and presents a five-unit multifamily configuration in Philadelphia’s 19121 ZIP code.
The building is located on a quiet block with abundant street parking and newly paved streets. Kelly Drive, the Art Museum, Temple, Brewerytown, Fairmount Park, The Dell, and Philadelphia dining and nightlife are identified as nearby destinations. The property was built in 1915 and presents a five-unit multifamily configuration in Philadelphia’s 19121 ZIP code.
Key Highlights
- Legal five‑unit brownstone renovated in 2023
- Four studio apartments plus one 2‑bedroom, 2‑bath unit
- Private backyard access from the 2‑bedroom residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,437
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,740
$468.7K
Cap Rate 7%
$334,814
$334.8K
Cap Rate 9%
$260,411
$260.4K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$45.2K $30.36/SF
− Vacancy
−$2.6K −$1.76/SF
EGI
$42.6K $28.60/SF
− OpEx
−$19.2K −$12.87/SF
NOI
$23.4K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,740
Cap Rate 7%
$334,814
Cap Rate 9%
$260,411
Alternative Uses
Best Use
Apartment 5plus
$334.8K
$293.0K – $390.6K
NOI $23,437 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$363.2K
$317.8K – $423.8K
NOI $25,427 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
849
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated Philadelphia brownstone with studio and two-bedroom layouts, original architectural details, and private backyard access.
Where is this apartment building located?
The property is located at 3112 W DIAMOND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Legal five‑unit brownstone renovated in 2023; Four studio apartments plus one 2‑bedroom, 2‑bath unit; Private backyard access from the 2‑bedroom residence
