1621 W Diamond St, Philadelphia, PA 19121
Local realty services provided by:CENTURY 21 New Millennium
1621 W Diamond St,Philadelphia, PA 19121
$549,000
- 9 Beds
- - Baths
- - sq. ft.
- Multi-family
- Coming Soon
Listed by: toma holovatskyy, matin haghkar
Office: re/max plus
MLS#:PAPH2572648
Source:BRIGHTMLS
Price summary
- Price:$549,000
About this home
Investment opportunity in the heart of the Temple University rental corridor, ideal for a first-time homebuyer. This well-maintained 9 bed, 3 bath triplex is located just steps from Temple University’s campus, nearby primary and high schools, SEPTA, corner stores, and Broad Street. The property is only a 13-minute drive to City Hall and sits in a rapidly developing section of Philadelphia that has transformed significantly over the past 20 years.
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.
Contact an agent
Home facts
- Year built:1915
- Listing ID #:PAPH2572648
- Added:1 day(s) ago
- Updated:January 14, 2026 at 09:47 PM
Rooms and interior
- Bedrooms:9
Heating and cooling
- Cooling:Central A/C
- Heating:Central, Natural Gas
Structure and exterior
- Year built:1915
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$549,000
- Tax amount:$6,516 (2025)
New listings near 1621 W Diamond St
- Coming Soon
$395,000Coming Soon3 beds 3 baths7600 Fayette St, PHILADELPHIA, PA 19150
MLS# PAPH2570414Listed by: KELLER WILLIAMS MAIN LINE - Coming Soon
$399,000Coming Soon5 beds 2 baths3210 Haverford Ave, PHILADELPHIA, PA 19104
MLS# PAPH2572656Listed by: RE/MAX PLUS - New
$429,900Active4 beds 4 baths2,260 sq. ft.4415 Mcmenamy St, PHILADELPHIA, PA 19136
MLS# PAPH2574068Listed by: REALTY ONE GROUP RESTORE - BLUEBELL - Coming Soon
$424,900Coming Soon4 beds 2 baths541 Walnut Ln, PHILADELPHIA, PA 19128
MLS# PAPH2574348Listed by: RE/MAX PROPERTIES - NEWTOWN - New
$319,900Active3 beds 2 baths918 sq. ft.9229 Cottage St, PHILADELPHIA, PA 19114
MLS# PAPH2574568Listed by: COLDWELL BANKER REALTY - Coming Soon
$339,000Coming Soon4 beds 2 baths127 S 48th St, PHILADELPHIA, PA 19139
MLS# PAPH2574728Listed by: WALTER STUDLEY REAL ESTATE SALES CORP - New
$499,000Active3 beds 3 baths2,517 sq. ft.1817 N Leithgow St, PHILADELPHIA, PA 19122
MLS# PAPH2565488Listed by: KW EMPOWER - New
$697,000Active6 beds -- baths3,216 sq. ft.3670-72 Indian Queen Ln, PHILADELPHIA, PA 19129
MLS# PAPH2573372Listed by: BHHS FOX & ROACH-CHESTNUT HILL - New
$225,000Active3 beds 2 baths1,404 sq. ft.6152 N Warnock St, PHILADELPHIA, PA 19141
MLS# PAPH2573902Listed by: RE/MAX AFFILIATES