Three-Story
For Sale
$330,000
432 DIAMOND STREET, Philadelphia, PA 19122
Residential income property with three separate one-bedroom layouts, a basement, and renovation needs suitable for an as-is purchase.
Property Size1,863 SF
Price / SF$177.13
Days on Market44
Property Features for 432 DIAMOND STREET
General Information
Standard status
Active
Size
1,863 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
requires some work
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Asking Price
$330,000
Building Details
Year Built
1875
Buildings
1
Stories
3
Listing Agency:
HomeSmart First Advantage Realty
(856) 363-3000
Listed By:
Brenda L Quintana · License #2444692
(215) 260-0051
Source:
Cummingsrealtors
Added: Jul 24
Changed: Sep 4
Last Checked: Sep 4 at 4:49AM
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 HomeSmart First Advantage Realty
Investment Insights
Based on property information with market context.
This duplex includes a basement and three full levels of living space within an 1,863-square-foot building constructed in 1875. The first and second floors each contain a one-bedroom, one-bathroom arrangement with living space and a kitchen. The third floor provides another one-bedroom, one-bathroom layout with an exterior sink configuration. The property needs work but is not described as requiring a complete rehabilitation.
The building is located at 432 Diamond Street in Philadelphia, with access to I-95 and multiple SEPTA routes. It is being sold strictly as-is, with the buyer responsible for inspections, certifications, and obtaining the Certificate of Occupancy. A prior rooftop-addition blueprint is included, and conversion to a legal triplex would require city approvals.
The building is located at 432 Diamond Street in Philadelphia, with access to I-95 and multiple SEPTA routes. It is being sold strictly as-is, with the buyer responsible for inspections, certifications, and obtaining the Certificate of Occupancy. A prior rooftop-addition blueprint is included, and conversion to a legal triplex would require city approvals.
Key Highlights
- 1,863‑square‑foot duplex building constructed in 1875
- Basement plus three full floors of living space
- Three one‑bedroom, one‑bathroom layouts with kitchens or sink area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,304
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,080
$586.1K
Cap Rate 7%
$418,629
$418.6K
Cap Rate 9%
$325,600
$325.6K
Market Conditions
NOI Build-Up for 1,863 SF
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.
Gross rent
$56.6K $30.36/SF
− Vacancy
−$3.3K −$1.76/SF
EGI
$53.3K $28.60/SF
− OpEx
−$24.0K −$12.87/SF
NOI
$29.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,080
Cap Rate 7%
$418,629
Cap Rate 9%
$325,600
Alternative Uses
Best Use
Multifamily LT 5
$454.2K
$397.4K – $529.9K
NOI $31,792 @ 7.0% cap · market cap 9.63%
Second Best
Apartment 5plus
$418.6K
$366.3K – $488.4K
NOI $29,304 @ 7.0% cap · market cap 8.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,412
Businesses Nearby
Explore this area
Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
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?
Duplex - Residential income property with three separate one-bedroom layouts, a basement, and renovation needs suitable for an as-is purchase.
Where is this duplex located?
The property is located at 432 DIAMOND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,863‑square‑foot duplex building constructed in 1875; Basement plus three full floors of living space; Three one‑bedroom, one‑bathroom layouts with kitchens or sink area
