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3228 W Diamond St, Philadelphia, PA, 19121
5-Unit Multifamily with Finished Basement

3228 W Diamond St Philadelphia, PA 19121

For Sale
Contact for pricing
Pending

Recently renovated five-unit, three-story building with finished basement and separate electric meters; active rental licenses for each unit.

Days on Market93

Property Features for 3228 W Diamond St

General Information

Standard status
Pending
Property subtype
Multifamily
Listing Agency: LPT Realty, LLC
Listed By: Maria Elena Quattrone · License #RB069792
Source: Crexi
Added: Apr 24 Changed: Jul 22 Last Checked: Jul 24 at 6:42PM

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 LPT Realty, LLC


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.

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

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Kitchen & Bath Showroom Skin Care Clinic Accounting Firm Building Supply Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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 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
(215) 607-3523 Call to check price and availability
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