1422 W Diamond St
Philadelphia, PA 19121
-- Bed
-- Bath
3,247 Sq Ft
28 Days on Market
For Sale $450,000
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Courtesy of RE/MAX @ HOME

Listing Agent & Comments

Maria Maria Quattrone QuattroneRE/MAX @ HOME
215-607-3523thelistingteam@liveloveathome.com License #RS281573
Discover an exceptional investment opportunity with this prime 5-unit corner multi-family building, ideally located just steps from Broad Street and Temple Universities Main Campus. With proven rental income ranging from $4,700 to $5,750 per month, and potential to exceed $6,500 with updates, this property is a standout choice for investors. Currently vacant for easy showings, the building features three stories, five units, and an unfinished basement offering further potential. The property is well-maintained, with three of the five units recently updated and the remaining two upgraded within the past five years. The unfinished basement offers potential for additional expansion or customization. The building benefits from hot water radiator heating, with common water and gas, and each unit has its own electric meter. A single rental license covers all five units. The unit breakdown is as follows: Unit 1 is a 1 bed, 1 bath and was previously rented for $750; Unit 2, also a 1 bed, 1 bath, previously rented for $1,000; Unit 3, a 2 bed, 1 bath, previously rented for $1,000; Unit 4, a studio, previously rented for $900; and Unit 5, a 3 bed, 2 bath, previously rented for $1,800 to $2,000. This rare corner location and the property’s attractive features make it a standout investment opportunity. The buyer needs to do their own due diligence to verify the zoning. Investors can also take advantage of Philadelphia's Housing Choice Voucher Program which will guarantee rents and maintain cashflow. The Housing Choice voucher rents can go for $8,172/month and $98,064 gross rent yearly. See the brochure located in the documents section of the listing. With a Walk Score of 87, daily errands can be completed without a car. The property features a Transit Score of 83, offering excellent transit options for most trips, and a Bike Score of 66, indicating good biking infrastructure. Dining options nearby include Philly Style Pizza and Grill, Master Wok, Playa Bowls, Maxi's Pizza Subs and Bar, and more. Educational institutions in the area are Duckrey Tanner School, Temple University Newman Center, Carver High School, and Philadelphia Military Academy at Elverson. Grocery shopping is convenient with Cecil B Moore's Farmer Market, North Dauphin Grocery Store, The Fresh Grocer, Medina Mini Market, and other local options. The property is just four minutes from the BSL NRG Station, providing quick access to Fern Rock TC via the Susquehanna Dauphin Station - BSL stop. Nearby parks include Fotterall Square, Reyburn Park, and Connie Mack Stadium. With its prime location, attractive features, and favorable zoning, this property is a smart choice for any savvy investor. Act quickly to secure this valuable asset!

MLS# PAPH2386918 • Data provided by BRIGHTMLS
Additional home details
Living Area3,247 Sq.Ft.
Lot Size1,529 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms--
Stories3
Year Built1915
Property TypeMulti Family
ZoningSPINS
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$5,666
Property in Flood Zone--
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More Information On This Home
This home's estimated value
$453,580
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
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HouseCanary, Inc. Brokerage

1422 W Diamond St., Philadelphia, PA 19121

Multi Family
-- Bed
-- Bath
3,247 Sq Ft
28 Days on Market

Listing Agent & Comments

Maria Maria Quattrone QuattroneRE/MAX @ HOME
215-607-3523thelistingteam@liveloveathome.com License #RS281573
Discover an exceptional investment opportunity with this prime 5-unit corner multi-family building, ideally located just steps from Broad Street and Temple Universities Main Campus. With proven rental income ranging from $4,700 to $5,750 per month, and potential to exceed $6,500 with updates, this property is a standout choice for investors. Currently vacant for easy showings, the building features three stories, five units, and an unfinished basement offering further potential. The property is well-maintained, with three of the five units recently updated and the remaining two upgraded within the past five years. The unfinished basement offers potential for additional expansion or customization. The building benefits from hot water radiator heating, with common water and gas, and each unit has its own electric meter. A single rental license covers all five units. The unit breakdown is as follows: Unit 1 is a 1 bed, 1 bath and was previously rented for $750; Unit 2, also a 1 bed, 1 bath, previously rented for $1,000; Unit 3, a 2 bed, 1 bath, previously rented for $1,000; Unit 4, a studio, previously rented for $900; and Unit 5, a 3 bed, 2 bath, previously rented for $1,800 to $2,000. This rare corner location and the property’s attractive features make it a standout investment opportunity. The buyer needs to do their own due diligence to verify the zoning. Investors can also take advantage of Philadelphia's Housing Choice Voucher Program which will guarantee rents and maintain cashflow. The Housing Choice voucher rents can go for $8,172/month and $98,064 gross rent yearly. See the brochure located in the documents section of the listing. With a Walk Score of 87, daily errands can be completed without a car. The property features a Transit Score of 83, offering excellent transit options for most trips, and a Bike Score of 66, indicating good biking infrastructure. Dining options nearby include Philly Style Pizza and Grill, Master Wok, Playa Bowls, Maxi's Pizza Subs and Bar, and more. Educational institutions in the area are Duckrey Tanner School, Temple University Newman Center, Carver High School, and Philadelphia Military Academy at Elverson. Grocery shopping is convenient with Cecil B Moore's Farmer Market, North Dauphin Grocery Store, The Fresh Grocer, Medina Mini Market, and other local options. The property is just four minutes from the BSL NRG Station, providing quick access to Fern Rock TC via the Susquehanna Dauphin Station - BSL stop. Nearby parks include Fotterall Square, Reyburn Park, and Connie Mack Stadium. With its prime location, attractive features, and favorable zoning, this property is a smart choice for any savvy investor. Act quickly to secure this valuable asset!

MLS# PAPH2386918 • Data provided by BRIGHTMLS
Additional home details
Living Area3,247 Sq.Ft.
Lot Size1,529 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms--
Stories3
Year Built1915
Property TypeMulti Family
ZoningSPINS
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$5,666
Property in Flood Zone--
We’ll connect you with top agents in your area.
Missing property details data
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $450,000
Request tour
Save
Courtesy of RE/MAX @ HOME
1422 W Diamond St
Philadelphia, PA 19121
-- Bed
-- Bath
3,247 Sq Ft
28 Days on Market

Listing Agent & Comments

Maria Maria Quattrone QuattroneRE/MAX @ HOME
215-607-3523thelistingteam@liveloveathome.com License #RS281573
Discover an exceptional investment opportunity with this prime 5-unit corner multi-family building, ideally located just steps from Broad Street and Temple Universities Main Campus. With proven rental income ranging from $4,700 to $5,750 per month, and potential to exceed $6,500 with updates, this property is a standout choice for investors. Currently vacant for easy showings, the building features three stories, five units, and an unfinished basement offering further potential. The property is well-maintained, with three of the five units recently updated and the remaining two upgraded within the past five years. The unfinished basement offers potential for additional expansion or customization. The building benefits from hot water radiator heating, with common water and gas, and each unit has its own electric meter. A single rental license covers all five units. The unit breakdown is as follows: Unit 1 is a 1 bed, 1 bath and was previously rented for $750; Unit 2, also a 1 bed, 1 bath, previously rented for $1,000; Unit 3, a 2 bed, 1 bath, previously rented for $1,000; Unit 4, a studio, previously rented for $900; and Unit 5, a 3 bed, 2 bath, previously rented for $1,800 to $2,000. This rare corner location and the property’s attractive features make it a standout investment opportunity. The buyer needs to do their own due diligence to verify the zoning. Investors can also take advantage of Philadelphia's Housing Choice Voucher Program which will guarantee rents and maintain cashflow. The Housing Choice voucher rents can go for $8,172/month and $98,064 gross rent yearly. See the brochure located in the documents section of the listing. With a Walk Score of 87, daily errands can be completed without a car. The property features a Transit Score of 83, offering excellent transit options for most trips, and a Bike Score of 66, indicating good biking infrastructure. Dining options nearby include Philly Style Pizza and Grill, Master Wok, Playa Bowls, Maxi's Pizza Subs and Bar, and more. Educational institutions in the area are Duckrey Tanner School, Temple University Newman Center, Carver High School, and Philadelphia Military Academy at Elverson. Grocery shopping is convenient with Cecil B Moore's Farmer Market, North Dauphin Grocery Store, The Fresh Grocer, Medina Mini Market, and other local options. The property is just four minutes from the BSL NRG Station, providing quick access to Fern Rock TC via the Susquehanna Dauphin Station - BSL stop. Nearby parks include Fotterall Square, Reyburn Park, and Connie Mack Stadium. With its prime location, attractive features, and favorable zoning, this property is a smart choice for any savvy investor. Act quickly to secure this valuable asset!

MLS# PAPH2386918 • Data provided by BRIGHTMLS
Additional home details
Living Area3,247 Sq.Ft.
Lot Size1,529 Sq.Ft.
Total Rooms--
Bedrooms--
Bathrooms--
Stories3
Year Built1915
Property TypeMulti Family
ZoningSPINS
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2023
Tax Amount$5,666
Property in Flood Zone--
We’ll connect you with top agents in your area.
More Information On This Home
This home's estimated value
$453,580
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
Missing property details data
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $450,000
Request tour
Save
Courtesy of RE/MAX @ HOME