3,189 SqFt
3,189 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 3,189 sqft
Price per Sqft $175
Subdivision North Central
MLS Listing ID PAPH2690004
Style Other
Abv Grd Liv Area 2,889
Year Built 1915
Available Date 2026-11-20
Annual Tax Amount $7,409
Tax Year 2026
Lot Size 1,800 Sqft
Acres 0.04
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The investment potential is equally impressive! At full occupancy, the property projects $62,400 in annual gross rental income, with an estimated net operating income (NOI) of $41,309, a 7.52% capitalization rate, and a gross rent multiplier (GRM) of 8.81. These projections account for a 5% vacancy allowance, 8% property management expense, 5% maintenance reserve, 2026 property taxes of $7,409, and estimated annual insurance of $2,700. Adding to its appeal, the property has a Certificate of Occupancy in place, active rental licenses, and no reported violations. Situated just blocks from Temple University, residents can enjoy convenient access to campus facilities, neighborhood restaurants, coffee shops, shopping, public transportation, and the Broad Street Line, making commuting to Center City and exploring Philadelphia a breeze. Whether you're looking to expand your investment portfolio, capitalize on the area's student rental demand, or secure a renovated multifamily property with immediate income and additional leasing potential, 1615 W Diamond Street checks all the boxes. Don't miss your chance to own a turnkey investment opportunity in one of Philadelphia's prominent university rental markets! All rental projections, financial figures, property details, licensing information, and investment assumptions are provided for informational purposes and should be independently verified by the buyer.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Fully Finished
Interior
Interior Features Air Filter System, Bathroom - Walk-In Shower, Built-Ins, Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Efficiency, Entry Level Bedroom, Floor Plan - Open, Kitchen - Efficiency, Upgraded Countertops, Walk-in Closet(s), Sprinkler System, Recessed Lighting
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Laundry Has Laundry, Washer In Unit, Dryer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2889
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321043200
Ownership Fee Simple
SqFt Source 3189
Acceptable Financing Cash, Conventional, FHA, Private, VA
Listing Terms Cash, Conventional, FHA, Private, VA
Financing Cash,Conventional,FHA,Private,VA
Special Listing Condition Standard
Nearby Locations
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