809 Diamond St Philadelphia, PA 19122
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.