$ 795,000
-
$795,000
Price -
8
Bed - Bath
-
4,061
SqFt
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About the Listing RM-ATHMP - 3151733
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!
Listing Highlights for 3228 W Diamond St
Status
Active
Days on Site
81
Property Type
Multi-Family
MLS ®
PAPH2488760
Year Built
1915
Total Square Footage
4,061
Lot/Acreage
0.05
County
Philadelphia
Neighborhood
Strawberry Mansion
Area
19121 (19121)
School District
The School District Of Philadelphia
Interior Details
- Bedrooms: 8
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 4061
- Below Ground Sq Ft: 0
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rear Yard,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 22.00 x 100.00
- Zoning: RM1
- Roof:
- Others: Sidewalks,Street Lights,Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,193
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
3228 W Diamond St Philadelphia, PA 19121
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