Three-Unit Multifamily
For Sale
$634,900
905 DIAMOND STREET, Philadelphia, PA 19122
Well-maintained multifamily asset with a balanced two-bedroom unit mix and established residential configuration.
Property Size2,337 SF
Days on Market16
Property Features for 905 DIAMOND STREET
General Information
Standard status
Active
Size
2,337 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$4,841
Building Details
Building Size
2,337 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
RE/MAX Access
(267) 242-1222
Listed By:
Hamza Bisharat · License #RS366072
(267) 242-1222
Source:
Patmckennarealtors
Added: Jul 20
Changed: Aug 2
Last Checked: Aug 3 at 11:20AM
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 RE/MAX Access
Investment Insights
Based on property information with market context.
This multifamily property contains three residential units in a building constructed in 1950. The configuration includes one two-bedroom, one-bathroom residence and two additional two-bedroom residences, each with two bathrooms. The consistent bedroom count across all units creates a straightforward layout, while the varied bathroom configuration provides functional distinction among the residences.
Located at 905 Diamond Street in Philadelphia, Pennsylvania 19122, the property offers an established urban residential setting. The building has been maintained in excellent condition, supporting continued residential use and reducing immediate maintenance concerns. Its three-unit format provides a compact multifamily configuration for ownership or portfolio consideration.
Located at 905 Diamond Street in Philadelphia, Pennsylvania 19122, the property offers an established urban residential setting. The building has been maintained in excellent condition, supporting continued residential use and reducing immediate maintenance concerns. Its three-unit format provides a compact multifamily configuration for ownership or portfolio consideration.
Key Highlights
- Three‑unit multifamily property at 905 Diamond Street, Philadelphia, PA 19122
- Unit mix includes one 2‑bedroom, 1‑bathroom residence and two 2‑bedroom, 2‑bathroom residences
- Building constructed in 1950
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 | $60.3k | $25.80 |
| − Vacancy | −$3.3k | −$1.42 |
| EGI | $57.0k | $24.38 |
| − OpEx | −$17.1k | −$7.31 |
| NOI | $39.9k | $17.06 |
2,337 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$569.7K
$498.5K – $664.7K
NOI $39,881 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$525.1K
$459.5K – $612.7K
NOI $36,760 @ 7.0% cap · market cap 5.79%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,177
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
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?
Triplex - Well-maintained multifamily asset with a balanced two-bedroom unit mix and established residential configuration.
Where is this triplex located?
The property is located at 905 DIAMOND STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $634,900.
What are key features of this property?
This property features: Three‑unit multifamily property at 905 Diamond Street, Philadelphia, PA 19122; Unit mix includes one 2‑bedroom, 1‑bathroom residence and two 2‑bedroom, 2‑bathroom residences; Building constructed in 1950
