Legal Duplex with Separate
5415 Diamond Street Philadelphia, PA 19131
For Sale
$295,000
Pending
Well-maintained legal duplex with separate utilities, private entrances, and in-unit washer/dryer access plus parking.
Property Size1,408 SF
Days on Market31
Property Features for 5415 Diamond Street
General Information
- Standard status
- Pending
- Size
- 1,408 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency:
Perfect Place Real Estate Co.
(267) 992-6262
Listed By:
Jennifer L Bennett · License #RM423247
(267) 992-6262
Source:
Compass
Added: Jun 25
Changed: Jul 13
Last Checked: Jul 24 at 12:41PM
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 Perfect Place Real Estate Co.
Investment Insights
Based on property information with market context.
This well-maintained legal duplex offers two separate units with private entrances and separate utilities. The occupied first-floor unit includes a 1-bedroom layout with updated flooring, ample closet space, and a sunroom. French doors open to a sizable deck, and the unit also provides direct access to the basement.
The second-floor unit is currently vacant and features a 2-bedroom configuration with natural sunlight throughout. It includes a kitchen with updated cabinets and a tiled hallway.
A clean, spacious basement provides a separate entrance and includes full-size washer and dryer facilities, along with generous storage and a dedicated utility closet. The property also has a garage that leads to a rear driveway with a dedicated parking space. Located in Philadelphia County in the 19131 area, it is close to universities, parks, and transit.
The second-floor unit is currently vacant and features a 2-bedroom configuration with natural sunlight throughout. It includes a kitchen with updated cabinets and a tiled hallway.
A clean, spacious basement provides a separate entrance and includes full-size washer and dryer facilities, along with generous storage and a dedicated utility closet. The property also has a garage that leads to a rear driveway with a dedicated parking space. Located in Philadelphia County in the 19131 area, it is close to universities, parks, and transit.
Key Highlights
- Legal duplex in Wynnefield with separate utilities for each unit
- First‑floor 1‑bedroom unit with private entrance, sunroom, and French doors to a sizable deck plus direct basement access
- Second‑floor 2‑bedroom unit is vacant and features natural sunlight, updated kitchen cabinets, and a tiled hallway
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 | $36.3k | $25.80 |
| − Vacancy | −$2.0k | −$1.42 |
| EGI | $34.3k | $24.38 |
| − OpEx | −$10.3k | −$7.31 |
| NOI | $24.0k | $17.06 |
1,408 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.2K
$300.3K – $400.5K
NOI $24,027 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$316.4K
$276.8K – $369.1K
NOI $22,147 @ 7.0% cap · market cap 7.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained legal duplex with separate utilities, private entrances, and in-unit washer/dryer access plus parking.
Where is this duplex located?
The property is located at 5415 Diamond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Legal duplex in Wynnefield with separate utilities for each unit; First‑floor 1‑bedroom unit with private entrance, sunroom, and French doors to a sizable deck plus direct basement access; Second‑floor 2‑bedroom unit is vacant and features natural sunlight, updated kitchen cabinets, and a tiled hallway
