Legal Duplex with Separate
For Sale
$295,000
5415 DIAMOND STREET, Philadelphia, PA 19131
Two residential units feature private entrances, distinct utility service, and varied interior layouts.
Property Size1,408 SF
Days on Market75
Property Features for 5415 DIAMOND STREET
General Information
Standard status
Active
Size
1,408 SF
Total Parking Spaces
1
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,778
Amenities
private entrances
sunroom
deck
basement
washer and dryer
storage space
Building Details
Building Size
1,408 SF
Year Built
1920
Tenancy
Single
Listing Agency:
Perfect Place Real Estate Co.
Listed By:
Jennifer L Bennett · License #RM423247
(267) 992-6262
Source:
Lizclarkrealestate
Added: Jun 26
Changed: Aug 28
Last Checked: Sep 8 at 11:21AM
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 legal duplex includes two residential units with private entrances and separate utilities. The first-floor one-bedroom unit is occupied and includes a bright living area, ample closet space, a sunroom, French doors opening to a deck, and access to the basement. The vacant second-floor two-bedroom unit receives natural light and includes a kitchen with updated cabinetry and a tiled hallway.
The basement provides a separate entrance, full-size washer and dryer, utility storage, and additional storage space. A garage connects to the rear driveway, which includes one dedicated parking space. The property is located in Wynnefield near universities, parks, and public transit.
The basement provides a separate entrance, full-size washer and dryer, utility storage, and additional storage space. A garage connects to the rear driveway, which includes one dedicated parking space. The property is located in Wynnefield near universities, parks, and public transit.
Key Highlights
- Legal duplex with 1‑bedroom and 2‑bedroom units
- Separate utilities and private entrances for both units
- First‑floor unit includes sunroom, deck access, and basement connection
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
$24,027
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
8.14%
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%
$480,540
$480.5K
Cap Rate 7%
$343,243
$343.2K
Cap Rate 9%
$266,967
$267.0K
Market Conditions
NOI Build-Up for 1,408 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
$36.3K $25.80/SF
− Vacancy
−$2.0K −$1.42/SF
EGI
$34.3K $24.38/SF
− OpEx
−$10.3K −$7.31/SF
NOI
$24.0K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
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%
$480,540
Cap Rate 7%
$343,243
Cap Rate 9%
$266,967
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Explore this area
Business Placement
Demographics for 19131, PA
42,705
Population
22,826
Households
1.9
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
5.3 sq mi
ZIP Area
8,058
Density / Sq Mi
$46,057
Median Household Income
$40,052
Median Earnings
$1,312
Median Rent
$163,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature private entrances, distinct utility service, and varied interior layouts.
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 with 1‑bedroom and 2‑bedroom units; Separate utilities and private entrances for both units; First‑floor unit includes sunroom, deck access, and basement connection
