1621 W DIAMOND ST Philadelphia, PA 19121
UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $203
MLS Listing ID PAPH2572648
Style Other
Abv Grd Liv Area 2,700
Year Built 1915
Available Date 2026-01-17
Annual Tax Amount $6,516
Tax Year 2025
Lot Size 1,783 Sqft
Acres 0.04
Lot Dimensions 18.00 x 100.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The building consists of three spacious 3-bedroom, 1-bathroom apartments, each offering generous kitchen cabinet space and functional layouts suitable not only for students but also for adult tenants. Photos are from Unit 2; Units 1 and 3 are very similar with minor layout and feature differences. Unit 1 offers backyard access and higher ceilings, while Unit 3 has a slightly different layout. Unit 2 is the only unit without carpet in the bedrooms.
Current rents are significantly below market, with long-term tenants in place, presenting immediate value-add potential. Existing rents are $1,050, $1,050, and $1,150 per unit, while comparable renovated 3-bedroom units in the area routinely achieve $1,350–$1,500 per unit. The current tenants are long-term occupants, with only one or two people leasing each unit. This creates an opportunity for the new owner to increase cash flow in the future and improve the return numbers. Two of the three units are leased through July 31, 2026, and one unit is leased through July 31, 2027.
The property has been meticulously maintained and features newer appliances, central air and heat, an intercom system, and a washer and dryer located in the basement. It is also part of a historic designation, helping preserve the building's architectural integrity while supporting long-term neighborhood value. This property is an excellent opportunity for an owner-occupant to live in one unit while renting the remaining units to tenants and/or family members.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Full
Interior
Interior Features Combination Kitchen/Living, Combination Kitchen/Dining
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Inclusions appliances & fixtures
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Block
Above Ground Finished SqFt 2700
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321043500
Ownership Fee Simple
SqFt Source 2700
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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