1542 W Diamond St, Philadelphia, PA 19121

Philadelphia
Local realty services provided by:ERA Reed Realty, Inc.
1542 W Diamond St,Philadelphia, PA 19121
$500,000
  • 3 Beds
  • - Baths
  • 4,356 sq. ft.
  • Multi-family
  • Active
Listed by: rada rann, atanu bhattacharjee
Office: kw empower
MLS#:PAPH2559256
Source:BRIGHTMLS

Price summary

  • Price:$500,000
  • Price per sq. ft.:$114.78

About this home

Exceptional mixed use investment opportunity just two blocks west of Temple University. 1542 W. Diamond Street is a versatile 4,300 plus square foot mixed use building with dual storefronts and two residential floors with separate meters, ideal for investors seeking value-add cash flow or an owner operator who wants to run a business while collecting rent upstairs. The ground floor features two retail spaces totaling approximately 1,000 square feet. The primary storefront has existing frontage on Diamond Street with an operational commercial kitchen and hood currently run by the seller. The secondary retail unit of roughly 600 square feet is vacant and ready for a full renovation, offering flexible use for food service, café, or neighborhood retail. The second floor is a fully renovated three bedroom two bath apartment that is turnkey and immediately rentable. The third floor, configured as four bedrooms and three baths, is framed and ready for completion, allowing the next owner to...

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Home facts

  • Year built:1934
  • Listing ID #:PAPH2559256
  • Added:129 day(s) ago
  • Updated:March 24, 2026 at 01:37 PM

Rooms and interior

  • Bedrooms:3
  • Kitchen Description:Breakfast Area
  • Basement:Yes
  • Basement Description:Full
  • Living area:4,356 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas, Oil

Structure and exterior

  • Year built:1934
  • Building area:4,356 sq. ft.
  • Architectural Style:Straight Thru
  • Construction Materials:Brick
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$500,000
  • Price per sq. ft.:$114.78
  • Tax amount:$5,792 (2025)

Features and amenities

  • Amenities:Electric Available, Electric_110 Volts, Natural Gas Available

Parking

  • Parking description:On Street

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