1730 W Diamond St, Philadelphia, PA 19121
Local realty services provided by:ERA Byrne 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:237 day(s) ago
- Updated:January 08, 2026 at 02:50 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
$130,000Active1 beds 1 baths986 sq. ft.3900 Ford Rd #18b, PHILADELPHIA, PA 19131
MLS# PAPH2572058Listed by: KW EMPOWER - New
$250,000Active1 beds 1 baths559 sq. ft.1100-00 S Broad St #706b, PHILADELPHIA, PA 19146
MLS# PAPH2565074Listed by: COMPASS PENNSYLVANIA, LLC - New
$195,000Active2 beds 1 baths784 sq. ft.1309 S Myrtlewood St, PHILADELPHIA, PA 19146
MLS# PAPH2571162Listed by: JG REAL ESTATE LLC - New
$132,500Active3 beds 1 baths1,200 sq. ft.3836 K St, PHILADELPHIA, PA 19124
MLS# PAPH2572604Listed by: REALHOME SERVICES AND SOLUTIONS, INC. - Open Sun, 2 to 4pmNew
$395,000Active3 beds 2 baths2,496 sq. ft.5101 Ditman St, PHILADELPHIA, PA 19124
MLS# PAPH2572592Listed by: KW EMPOWER - Coming SoonOpen Sat, 12 to 2pm
$275,000Coming Soon3 beds 3 baths6529 N 2nd St, PHILADELPHIA, PA 19126
MLS# PAPH2572578Listed by: LIBERTY BELL REAL ESTATE & PROPERTY MANAGEMENT - New
$95,000Active4 beds 1 baths1,555 sq. ft.6154 Webster St, PHILADELPHIA, PA 19143
MLS# PAPH2570090Listed by: EXP REALTY, LLC - New
$315,000Active3 beds 2 baths1,580 sq. ft.1639 N Corlies St, PHILADELPHIA, PA 19121
MLS# PAPH2571962Listed by: COMPASS PENNSYLVANIA, LLC - New
$200,000Active2 beds 1 baths825 sq. ft.112 Monroe St, PHILADELPHIA, PA 19147
MLS# PAPH2572144Listed by: COLDWELL BANKER REALTY - Open Sun, 12 to 2pmNew
$695,000Active4 beds 3 baths2,400 sq. ft.1931 Parrish St, PHILADELPHIA, PA 19130
MLS# PAPH2572554Listed by: KW EMPOWER