3214 W DIAMOND Street, Philadelphia, PA 19121
MULTI_FAMILY - Other - PHILADELPHIA, PA
- Added:
- Feb 25, 2026
- Days on Market:
- 110
- Last Refresh:
- Jun 15 at 4:06 pm
Property Features for 3214 W DIAMOND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,835 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5375
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1915
- Number of units
- 4
- Building materials
- Masonry
- Architectural style
- Other
Listing agent Donna L. Chappelle License #RS339180 (215) 880-2123
Listing office Elfant Wissahickon-Chestnut Hill 8039 Germantown Avenue, Philadelphia, PA (215) 247-3600
Listing date Feb 25, 2026
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.
HighLights
- Income‑producing 4‑unit apartment building in a desirable location.
- Spacious units boast 11+ ft ceilings, large windows, and hardwood floors.
- Ideally located near Fairmount Park, cultural landmarks, and universities, with easy access to Center City Philadelphia.
- Great rental history and potential for long‑term growth.
- Well‑maintained and move‑in ready, with potential for custom upgrades.
- Masonry construction built in 1915.
Overview
Located in Strawberry Mansion, the property is described as just steps from Fairmount Park and a new driving range. The area is also noted as offering easy access to cultural landmarks and local universities, with Center City Philadelphia minutes away.
This type of property suits buyers and operators seeking a small residential income building with a straightforward unit mix, including two-bedroom and one-bedroom apartments. With existing occupancy in three units and a clearly defined configuration, the quadplex can support an owner-occupant situation as well as a rental-focused approach, depending on how you intend to use the first-floor unit.
Local Financial Insights For Multifamily LT 5
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 | $73.1k | $25.80 |
| − Vacancy | −$4.0k | −$1.42 |
| EGI | $69.1k | $24.38 |
| − OpEx | −$20.7k | −$7.31 |
| NOI | $48.4k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1860275
- Latitude
- 39.9882889
