3228 W DIAMOND ST Coming Soon Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19121
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 4,061 sqft
Price per Sqft $195
Subdivision Strawberry Mansion
MLS Listing ID PAPH2488760
Style Straight Thru
Abv Grd Liv Area 4,061
Year Built 1915
Available Date 2025-06-27
Annual Tax Amount $2,193
Tax Year 2025
Lot Size 2,200 Sqft
Acres 0.05
Lot Dimensions 22.00 x 100.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Exceptional opportunity to own a 5-unit multi-family property in the rapidly developing Strawberry Mansion neighborhood of Philadelphia. Zoned RM1 and spanning three stories with a finished basement, this building is perfect for investors seeking long-term growth and cash flow. Unit 1 is a 1-bedroom, 1-bath apartment currently leased at $1,270/month through 3/31/2026. Unit 2 features a spacious layout with 3 bedrooms, 1.5 bathrooms, a full kitchen, and living area. Unit 3 mirrors Unit 2 with its own 3-bedroom, 1.5-bath layout, ideal for families or shared living. Unit 4 is a bi-level studio leased at $1,075/month through 2/28/2026, offering a unique floor plan that attracts consistent tenant demand. Unit 5, located in the basement, includes a full kitchen/dining area, 1 bedroom, and 1 bath, with access to a shared basement laundry room that adds convenience and appeal to tenants. This property has been recently renovated from top to bottom and is ready for an investor or owner occupant to take ownership and enjoy the cashflows and neighborhood appreciation that this investment has to offer. Two out of the five units are currently occupied. Once the property is fully occupied total projected gross rent each month can reach $8,093/month. The two vacant 3 bedroom apartments can each be rented for $2,136/month while the vacant 1 bedroom apartment can be rented for $1,476/month. The property has all electric in it with a separate electric meter for each unit and only one water meter. There is no gas. The property also has an active rental license for each unit as well.
The property is ideally located near Peppers Restaurant, Ridge Capitol Bar & Grill, The Monkey & The Elephant Café, and Songhai City Cultural Center. Recreation options include The Discovery Center, Fairmount Park, and Hank Gathers Recreation Center. Nearby emergency services offer peace of mind with the Philadelphia Police Accident Investigation District and Fire Department Engine 45 just blocks away.
A 13-month HWA Home Warranty will be included with an acceptable offer, this will need to be included in the Agreement of Sale. Whether you're investing or house-hacking, this is a rare, turn-key opportunity in one of Philly's most promising growth corridors.
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Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Porch(es)
Water Access N
View Street
Accessibility None
Porch Porch(es)
Garage N
Building
Lot Description Rear Yard
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 323123000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
Virtual Tour https://view.ricoh360.com/c1931267-a27c-4633-8f3b-b5a1e148cb2e