Legal Duplex with Separate
For Sale
$295,000
Pending
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 Market121
Property Features for 5415 DIAMOND STREET
General Information
Standard status
Pending
Size
1,408 SF
Total Parking Spaces
1
Property subtype
Duplex
Site & Location
Neighborhood
West Philadelphia
Public Transit
Yes
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
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: Oct 21
Last Checked: Oct 23 at 1:11PM
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.
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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 / Yr
$24,027
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
