Three-Unit Masonry
For Sale
$634,900
905 DIAMOND Street, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size2,337 SF
Lot Size0.02 Acres
Price / SF$271.67
Days on Market48
Property Features for 905 DIAMOND Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Combination Dining/Living, Primary Bath(s)
Appliances
Built-In Microwave, Disposal, Dryer - Front Loading, Oven/Range - Electric, Refrigerator, Washer - Front Loading
Subdivision
TEMPLE UNIVERSITY
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,337 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4841
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1950
Number of units
3
Building materials
Masonry
Listing Agency:
RE/MAX Access · RE/MAX International
(215) 400-2600
Listed By:
Hamza Bisharat · License #RS366072
(267) 242-1222
Added: Jul 20
Changed: Aug 19
Last Checked: Sep 5 at 3:06AM
MLS# PAPH2639540
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Philadelphia triplex contains three residential units within a 2,337-square-foot masonry building constructed in 1950. Unit 1 includes two bedrooms and one bathroom, while Units 2 and 3 each offer two bedrooms and two bathrooms. Interior features include combination dining and living areas and primary baths.
The property is located at 905 Diamond Street in Philadelphia, Pennsylvania 19122. Building systems include central air conditioning and heat pump heating. Appliances include electric oven/range, refrigerator, built-in microwave, disposal, and front-loading washer and dryer. Parking is provided on the street.
The property is located at 905 Diamond Street in Philadelphia, Pennsylvania 19122. Building systems include central air conditioning and heat pump heating. Appliances include electric oven/range, refrigerator, built-in microwave, disposal, and front-loading washer and dryer. Parking is provided on the street.
Key Highlights
- Three‑unit multifamily property with 2,337 square feet
- Unit 1: two bedrooms and one bathroom
- Units 2 and 3: two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,881
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
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
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Frequently Asked Questions
What type of property is this?
Triplex - Philadelphia multifamily property with three residential units, central air, heat pump heating, and on-street parking.
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 with 2,337 square feet; Unit 1: two bedrooms and one bathroom; Units 2 and 3: two bedrooms and two bathrooms
