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 Market108
Property Features for 905 DIAMOND STREET
General Information
Standard status
Active
Size
2,337 SF
Property subtype
Triplex
Site & Location
Neighborhood
North Philadelphia
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
Listed By:
Hamza Bisharat · License #RS366072
(267) 242-1222
Source:
Patmckennarealtors
Added: Jul 20
Changed: Oct 31
Last Checked: Nov 3 at 12:46PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$39,881
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,620
$797.6K
Cap Rate 7%
$569,729
$569.7K
Cap Rate 9%
$443,122
$443.1K
Market Conditions
NOI Build-Up for 2,337 SF
Gross rent
$60.3K $25.80/SF
− Vacancy
−$3.3K −$1.42/SF
EGI
$57.0K $24.38/SF
− OpEx
−$17.1K −$7.31/SF
NOI
$39.9K $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%
$797,620
Cap Rate 7%
$569,729
Cap Rate 9%
$443,122
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,177
Businesses Nearby
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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?
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
