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Five-Unit Apartment Building
For Sale
$749,000

3228 W DIAMOND STREET, Philadelphia, PA 19121

Licensed multifamily property with varied unit layouts and one currently vacant residence.

Property Size4,572 SF
Price / SF$163.82
Days on Market14

Property Features for 3228 W DIAMOND STREET

General Information

Standard status Active
Size 4,572 SF
Property subtype Commercial

Units

Unit Mix 3 x 3BR/1.5BA, 1 x 1BR/1BA, 1 x bi-level studio
Multifamily Units 5

Building Details

Year Built 1915
Buildings 1
Listing Agency: Mallin Panchelli Nadel Realty Inc
Listed By: Alexandra Charen · License #RS351522
Source: Cummingsrealtors
Added: Jul 30 Changed: Aug 11 Last Checked: Aug 12 at 5:42AM

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 Mallin Panchelli Nadel Realty Inc

Investment Insights

Based on property information with market context.

Built in 1915, this 4,572-square-foot apartment building at 3228 W Diamond Street contains five licensed residential units. The configuration includes three 3-bedroom/1.5-bath apartments, one 1-bedroom/1-bath apartment, and a bi-level studio. One 3-bedroom residence is vacant, while the other units are occupied. The property was previously operated as an Airbnb, and the apartments feature finishes described as above the surrounding market standard.

The building is located in Philadelphia’s Strawberry Mansion neighborhood, with proximity to Fairmount Park and Center City. The property combines a five-unit residential layout with an established licensing framework and a mix of larger apartments, a one-bedroom unit, and a studio.

Key Highlights

  • 4,572 SF multifamily building constructed in 1915
  • Five licensed residential units
  • Unit mix includes three 3‑bedroom/1.5‑bath units, one 1‑bedroom/1‑bath unit, and one bi‑level studio

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

1,365
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Licensed multifamily property with varied unit layouts and one currently vacant residence.
Where is this apartment building located?
The property is located at 3228 W DIAMOND STREET 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: 4,572 SF multifamily building constructed in 1915; Five licensed residential units; Unit mix includes three 3‑bedroom/1.5‑bath units, one 1‑bedroom/1‑bath unit, and one bi‑level studio
More about this property
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