BEDS0
BATHS
SQUARE FEET2,496
MLS#PAPH2629516
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONTEMPLE UNIVERSITY
SCHOOLTHE SCHOOL DISTRICT OF PHILADELPHIA
Property Description
Investment opportunity in the heart of the Temple University rental corridor! This well-maintained 9 bed, 6 bath triplex is located just steps from Temple University’s campus, nearby primary and high schools, SEPTA, corner stores, and Broad Street. The property is only a 13-minute drive to City Hall and sits in a rapidly developing section of Philadelphia that has transformed significantly over the past 20 years. The building consists of three spacious 3-bedroom, 2-bathroom apartments, each offering generous kitchen cabinet space and functional layouts. Photos are from Unit 2; Units 1 and 3 are very similar. All units have access to the backyard/patio through the common area basement. Current rents are significantly below market, with long-term tenants in place, presenting immediate value-add potential. Existing rents are: Unit 1: $1,140 through 7/31/26 and then $1,180 from 8/1/27-7/31/28. Unit 2: $1,100 through 7/31/26 and then $1200 from 8/1/26-7/31/27 and back to $1100 from 8/1/27-7/31/28. Unit 3: $1,275 through 7/31/27. Comparable renovated 3-bedroom units in the area routinely achieve $1,350–$1,500 per unit. The current tenants are long-term occupants, with only one or two people leasing each unit. This creates an opportunity for the new owner to increase cash flow in the future and improve the return numbers. All three units are leased through July 31, 2027 (Unit 2 through July 31st, 2028). The property has been meticulously maintained and features newer appliances, central air and heat, and a washer and dryer for each unit located in the basement. It is also part of a historic designation, helping preserve the building’s architectural integrity while supporting long-term neighborhood value. This property is perfect to add to your portfolio. May also be purchased along with other properties in the area in a package deal. Please inquire for details. Schedule your appointment today!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: 90% Forced Air
Lot Size: 0.04 Acres
Roof Type: Flat
Taxes: $6,579
Year Built: 1913
Feature Descriptions
Additional Structures: Above Grade
Exterior: Vinyl Siding, Stucco, Brick
Lot Dimensions: 0.04 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Structure Type: End of Row/Townhouse
Three Bedroom Units: 3
Units: 3
Water: Public
Local Schools
School District: THE SCHOOL DISTRICT OF PHILADELPHIA
Listed By / Shown By
Listed By
Agency Name: RE/MAX Plus
Agency Phone: 2154223711
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,806.87 per month $1,112.78 Principal & Interest $548.25 Property Tax $145.83 Homeowner's InsuranceChange Payment Information
1731 W Diamond Street | MLS# PAPH2629516
This multi-family property located at 1731 W Diamond Street , Philadelphia, PA 19121 is currently listed for sale with an asking price of $499,999. W Diamond Street is located within the THE SCHOOL DISTRICT OF PHILADELPHIA school district. Search Philadelphia real estate on www.realtymark.net today.