New Construction 11-Unit Apartment
809 Diamond Street Philadelphia, PA 19122
809 Diamond Street, Philadelphia, PA, 19122
$2,100,000
For Sale
$2,100,000
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 Market44
Property Features for 809 Diamond Street
General Information
- Standard status
- Active
- Size
- 9,088 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2025
Listing Agency
Mallin Panchelli Nadel Realty Inc
Listed by
Nadia T Bilynsky
Source
Deepcreeklake
Added: Jun 5 Checked: Jul 17 at 9:36 am
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
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
Local Financial Insights For Apartment 5plus
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 | $275.9k | $30.36 |
| − Vacancy | −$16.0k | −$1.76 |
| EGI | $259.9k | $28.60 |
| − OpEx | −$117.0k | −$12.87 |
| NOI | $142.9k | $15.73 |
9,088 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
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
