5-Unit Multifamily with Finished
For Sale
$749,000
3228 W Diamond St, Philadelphia, PA 19121
Recently renovated five-unit, three-story building with finished basement and separate electric meters; active rental licenses for each unit.
Property Size4,572 SF
Days on Market139
Property Features for 3228 W Diamond St
General Information
Standard status
Active
Size
4,572 SF
Property subtype
Multifamily
Zoning
RM1
Occupancy
40%
Additional Details
Multifamily Units
5
Amenities
laundry room
Building Details
Building Size
4,572 SF
Year Built
1915
Stories
3
Tenancy
Multi
Listing Agency:
MPN Realty, Inc.
Listed By:
Alexandra Charen · License #RS351522
(215) 584-2672
Source:
Mpnrealty
Added: Apr 24
Changed: Sep 5
Last Checked: Sep 9 at 7:43AM
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 MPN Realty, Inc.
Investment Insights
Based on property information with market context.
This 5-unit multifamily property is a three-story building with a finished basement, recently renovated from top to bottom. Unit mix includes one 1-bedroom/1-bath unit, two 3-bedroom/1.5-bath units, one bi-level studio unit, and one basement 1-bedroom with a full kitchen/dining area and 1 bath. The basement also provides shared laundry access. Current leasing includes Unit 1 leased at $1,270/month through 3/31/2026 and Unit 4 leased at $1,075/month through 2/28/2026; two of five units are currently occupied. The listing states that with full occupancy, total projected gross rent can reach $8,093/month.
Zoned RM1, the building has all-electric utilities with a separate electric meter for each unit and one water meter. There is no gas. An active rental license is in place for each unit.
The property is identified as being near Peppers Restaurant, Ridge Capitol Bar & Grill, The Monkey & The Elephant Café, and Songhai City Cultural Center, with nearby recreation including The Discovery Center, Fairmount Park, and Hank Gathers Recreation Center.
Zoned RM1, the building has all-electric utilities with a separate electric meter for each unit and one water meter. There is no gas. An active rental license is in place for each unit.
The property is identified as being near Peppers Restaurant, Ridge Capitol Bar & Grill, The Monkey & The Elephant Café, and Songhai City Cultural Center, with nearby recreation including The Discovery Center, Fairmount Park, and Hank Gathers Recreation Center.
Key Highlights
- 5‑unit, three‑story multi‑family building in Philadelphia with a finished basement
- Recently renovated top to bottom; all‑electric setup with separate electric meters for each unit and one shared water meter
- Active rental license for each unit
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
40%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
849
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated five-unit, three-story building with finished basement and separate electric meters; active rental licenses for each unit.
Where is this apartment building located?
The property is located at 3228 W Diamond St Philadelphia, PA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 5‑unit, three‑story multi‑family building in Philadelphia with a finished basement; Recently renovated top to bottom; all‑electric setup with separate electric meters for each unit and one shared water meter; Active rental license for each unit
