1730 W Diamond St, Philadelphia, PA 19121
Local realty services provided by:ERA Cole Realty
1730 W Diamond St,Philadelphia, PA 19121
$795,000
- 9 Beds
- - Baths
- 2,484 sq. ft.
- Multi-family
- Active
Listed by:beverly d chandran
Office:realty mark cityscape
MLS#:PAPH2483508
Source:BRIGHTMLS
Price summary
- Price:$795,000
- Price per sq. ft.:$320.05
About this home
CO-LIVING APARTMENT BUILDING - PRICE REDUCTION - Calling the savvy investor! Temple University, a fully occupied, exceptional Efficiency/Co-Living Apartment Building, thoughtfully designed to include 9 income-generating units, 8 modern baths, and 7 fully equipped kitchens. The amenities include a hook-up for washers and dryers. This upgraded co-living property is a prime investment opportunity for those seeking robust cash flow and long-term stability. With multiple units producing rental income, this asset outperforms traditional single-family or multi-family investments by maximizing revenue per square foot.
The property’s strategic layout minimizes vacancy risks while optimizing cash flow. Even if one tenant moves out, the remaining units continue to generate income, ensuring consistent returns. Additionally, the flexibility to offer short-term, medium-term, or long-term rentals allows investors to capitalize on shifting market demands, maintaining optimal occupancy rates year-round.
1730 W. Diamond Street is a standout investment purchase due to its significant 2024 upgrades, including modernized kitchens, enhanced bathrooms, and smart home features. With 9 rentable units, the potential income stream can significantly exceed that of a standard 4-unit quad or multi-family property. Plus, while a single vacancy in a quad can reduce income by 25% or more, this co-living building’s structure ensures minimal financial impact from tenant turnover.
Furthermore, the tenant pool for co-living properties is diverse and stable, ranging from working professionals and downsizing seniors to short-term residents seeking flexible, fully equipped living spaces. This broader tenant base not only reduces turnover but also minimizes costly repeat repairs often associated with conventional apartment rentals. This co-living property is not just an investment; it’s a strategic asset designed for sustainable, high-yield returns. Each unit is recently renovated. Cash deal preferred, as-is sale, and POF required before scheduling an appointment to see the property. Agent nor the seller is responsible for incorrect public information, including taxes. Showings are preferred during the Open House due to the tenant’s work schedules. CAP RATE Approximately 10%. Serious inquiries can request the rent roll. MLS does not allow for inputting accurate information regarding the number of kitchens. There are 9 recently renovated units, 8 baths, and 7 kitchens. Read the details of the listing for the set-up of each room. Annual income is approximate and based on current rent roll.
Contact an agent
Home facts
- Year built:1925
- Listing ID #:PAPH2483508
- Added:142 day(s) ago
- Updated:October 05, 2025 at 01:38 PM
Rooms and interior
- Bedrooms:9
- Living area:2,484 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Multi Units, Window Unit(s)
- Heating:Baseboard - Electric, Electric, Forced Air, Hot Water
Structure and exterior
- Year built:1925
- Building area:2,484 sq. ft.
- Lot area:0.04 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$795,000
- Price per sq. ft.:$320.05
- Tax amount:$5,408 (2024)
New listings near 1730 W Diamond St
- New
$286,000Active3 beds 2 baths1,414 sq. ft.3202 Unruh Ave, PHILADELPHIA, PA 19149
MLS# PAPH2544732Listed by: HOME VISTA REALTY - Coming Soon
$399,900Coming Soon3 beds 2 baths2426 S Juniper St, PHILADELPHIA, PA 19148
MLS# PAPH2544722Listed by: REALTY MARK ASSOCIATES - New
$300,000Active3 beds 2 baths1,176 sq. ft.7040 E Roosevelt Blvd, PHILADELPHIA, PA 19149
MLS# PAPH2540190Listed by: KELLER WILLIAMS REAL ESTATE - NEWTOWN - New
$185,000Active6 beds -- baths1,280 sq. ft.1825 Dallas St, PHILADELPHIA, PA 19126
MLS# PAPH2544716Listed by: REALTY MARK ASSOCIATES - Coming SoonOpen Sat, 11am to 1pm
$259,000Coming Soon3 beds 1 baths6204 Mershon St, PHILADELPHIA, PA 19149
MLS# PAPH2544712Listed by: KELLER WILLIAMS REAL ESTATE - MEDIA - New
$289,999Active3 beds 2 baths1,216 sq. ft.846 S 58th St, PHILADELPHIA, PA 19143
MLS# PAPH2544680Listed by: TESLA REALTY GROUP, LLC - New
$265,000Active4 beds 2 baths1,485 sq. ft.407 Conarroe St, PHILADELPHIA, PA 19128
MLS# PAPH2544698Listed by: MCGILL REAL ESTATE - New
$165,000Active3 beds 1 baths1,120 sq. ft.267 Rubicam St, PHILADELPHIA, PA 19120
MLS# PAPH2544704Listed by: RE/MAX AFFILIATES - New
$345,000Active4 beds -- baths1,700 sq. ft.5617 Spruce St, PHILADELPHIA, PA 19139
MLS# PAPH2542986Listed by: KELLER WILLIAMS MAIN LINE - New
$549,000Active3 beds 2 baths1,894 sq. ft.1022-24 S 2nd St #4, PHILADELPHIA, PA 19147
MLS# PAPH2544336Listed by: KW EMPOWER
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.