New Construction 11-Unit Apartment
For Sale
$2,100,000
809 Diamond Street, Philadelphia, PA 19122
Newly completed 11-unit building offers in-unit W/D, gourmet kitchens, tile baths, and a common roof deck.
Property Size9,088 SF
Price / SF$231.07
Days on Market243
Property Features for 809 Diamond Street
General Information
Standard status
Active
Size
9,088 SF
Property subtype
Multi-family
Lease Term
[]
Financials
Cap Rate
7.3%
Business Included
Yes
Additional Details
Multifamily Units
11
Building Details
Year Built
2025
Listing Agency:
Mallin Panchelli Nadel Realty Inc
Listed By:
Nadia T Bilynsky · License #RS311101
(267) 441-0601
Source:
Deepcreeklake
Added: Feb 21
Changed: Oct 21
Last Checked: Oct 20 at 11:50PM
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
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Investment Insights
Based on property information with market context.
Presenting a newly constructed 11-unit apartment building completed in 2025. Each unit is self-contained and features gourmet kitchens, tile baths, and hardwood and tile flooring, with in-unit washer and dryer. Some units include private outdoor areas, and the building also offers a common roof deck.
The property is located in the Temple University area with convenient access to public transportation, including the Broad St Subway line, the Temple University regional rail stop, and multiple bus routes.
Designed for straightforward operations with independent living spaces, the building’s modern finishes and unit-level amenities support a turn-key income profile for investors seeking a recently delivered multifamily asset.
The property is located in the Temple University area with convenient access to public transportation, including the Broad St Subway line, the Temple University regional rail stop, and multiple bus routes.
Designed for straightforward operations with independent living spaces, the building’s modern finishes and unit-level amenities support a turn-key income profile for investors seeking a recently delivered multifamily asset.
Key Highlights
- Newly completed 2025‑built 11‑unit apartment building
- In‑unit washer/dryer included in all units
- Gourmet kitchens and tile baths throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,950
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,859,000
$2.9M
Cap Rate 7%
$2,042,143
$2.0M
Cap Rate 9%
$1,588,333
$1.6M
Market Conditions
NOI Build-Up for 9,088 SF
Gross rent
$275.9K $30.36/SF
− Vacancy
−$16.0K −$1.76/SF
EGI
$259.9K $28.60/SF
− OpEx
−$117.0K −$12.87/SF
NOI
$142.9K $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 Rate 5%
$2,859,000
Cap Rate 7%
$2,042,143
Cap Rate 9%
$1,588,333
Alternative Uses
Best Use
Apartment 5plus
$2.04M
$1.79M – $2.38M
NOI $142,950 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.22M
$1.94M – $2.58M
NOI $155,086 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
11
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,207
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Newly completed 11-unit building offers in-unit W/D, gourmet kitchens, tile baths, and a common roof deck.
Where is this apartment building located?
The property is located at 809 Diamond Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Newly completed 2025‑built 11‑unit apartment building; In‑unit washer/dryer included in all units; Gourmet kitchens and tile baths throughout
