PA > Philadelphia > Strawberry Mansion
Philadelphia, PA 19121,3228 W DIAMOND ST
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Philadelphia, PA 19121,3228 W DIAMOND ST
Philadelphia, PA 19121,3228 W DIAMOND ST
Philadelphia, PA 19121,3228 W DIAMOND ST
Philadelphia, PA 19121,3228 W DIAMOND ST
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Tim Markland

Tim Markland

+1(443) 966-1208
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME
$ 795,000
Est. payment /mo
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3228 W DIAMOND ST Philadelphia, PA 19121

4,061 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 4,061 sqft

Price per Sqft $195

Subdivision Strawberry Mansion

MLS Listing ID PAPH2495640

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 Five Or More Units

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

Heat Source Electric

Exterior

Water Access N

View Street

Accessibility None

Garage N

Building

Foundation Permanent

Sewer Public Sewer

Water Public

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

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Virtual Tour https://view.ricoh360.com/c1931267-a27c-4633-8f3b-b5a1e148cb2e

Bright MLS (BMLS)
agent

Tim Markland

Agent | License ID: 658153

+1(443) 966-1208

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3228 W DIAMOND ST