3228 W Diamond Street

PHILADELPHIA, PA 19121

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,835 Sqft
  • 2200
    Sqft(Lot)
$795,000

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.

📍schedule your showing today!

  • Property Type

    Multi-Family

  • Subdivision

    Strawberry Mansion

  • County

    PHILADELPHIA

  • Style

    Straight Thru

  • AD ID

    50223043

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Property Details

  • Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Porch(es)

    Interior Features

    • Exterior Property Features : Sidewalks,Street Lights

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Central
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Exterior Features: Sidewalks,Street Lights
    • Year Built: 1915
    • Structure: Interior Row/Townhouse
    • New Construction: No
    • Total Units: 4
    • Built: 1915
    • Construction Material: Masonry
    • Foundation/Basement: Other
    • Architecture: Straight Thru
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 2,200
    • Dimensions: 22.00 x 100.00
    • Lot Size (Acres): 0.05
    • Architectural Style: Straight Thru
    • Stories Total: 3
    • Main Square Feet: 2,200

    Property Information

    • SQ ft: 4,061
    • SQ ft (Living Area): 4,061
    • Total Lot SQ ft: 2,200
    • View: Street
    • Subdivision: STRAWBERRY MANSION
    • Financing: Cash,Conventional,FHA,VA
    • Appx. Lot Dimensions: 22.00 x 100.00
    • Total Acreage: 0.05
    • New Construction: No
    • Type: Straight Thru

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 2

  • Tax Information

    • Annual Tax: $2,193
    • Tax Year: 2025
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $156,700

  • Virtual Tour

    Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,FHA,VA

    Homeowners Association Information

    • Direction: Coming from N 33rd St, turn onto W Diamond St. The property is on the south side of the block.

  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Location Type: Urban
    • Direction: Coming from N 33rd St, turn onto W Diamond St. The property is on the south side of the block.
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Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2025 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

BuyOwner last updated this listing 06/27/2025 @ 18:10

  • MLS: PAPH2488760
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 2,835 sqft, 2,200 sized lot, and 0 parking. are nearby neighborhoods.