809 Diamond St Philadelphia, PA 19122
- Commercial real estate
- 11,360 SF
Current Use by Public Records
- Commercial real estate
Property Details for 809 Diamond St
- Property size
- 11,360 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a brand-new, 11-unit apartment building at 809 Diamond Street in Philadelphia, PA. The four-story, 11,360 square foot redbrick building boasts a desirable mix of six one-bedroom, four two-bedroom, and one three-bedroom apartments, all designed to meet modern rental standards. Situated on a prominent corner lot, this property benefits from its strategic location between the thriving Temple University and Kensington districts, ensuring strong rental demand. Currently pre-certificate of occupancy (pre-CO), this acquisition offers the added advantage of Qualified Opportunity Zone (QOZ) benefits, along with a 10-year tax abatement. The property is zoned CMX2. Detailed financial pro forma is available upon request. This represents a rare chance to acquire a top-tier multifamily asset in a high-growth Philadelphia submarket, offering significant potential for long-term appreciation and strong cash flow. The building is a single structure.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Longitude
- -75.1476764
- Latitude
- 39.9836911
