Philadelphia, PA 19121 3228 W Diamond Street

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Presented By: RE/MAX @ HOME
  • MLS# PAPH2495640
  • 06/20/2025
  • Request Tour
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  • SQFT • 4,061

Home Details

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 Caf, 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 Phillys most promising growth corridors. Schedule your showing today!
Presented By: RE/MAX @ HOME

Interior Features for 3228 W Diamond Street

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories3

General for 3228 W Diamond Street

Acceptable FinancingCash, Conventional
AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsComing from N 33rd St turn onto Diamond St. The property is located on the South side of the block.
HeatingCentral
Historic Y/NNo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet2200.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-07-13T18:09:49
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
PossessionImmediate
Possible UseApartment Building, Apartments, Multi-Family, Residential
Price Per Sq Ft Total AG195.76
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameSTRAWBERRY MANSION
Tax Annual Amount2193.0
Tax Assessed Value156700.0
Tax Lot246
Tax Year2025
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Vacation Rental Y/NNo
ViewStreet
Virtual TourClick here
Water Access Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningRM1

Exterior for 3228 W Diamond Street

Building Area Total4061.00
Car Parking Spaces
Fencing Y/NN
Foundation DetailsPermanent
Land Assessed Value31340.00
Land Use CodeO50
Lot Dimensions22.00 x 100.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $795,000
MLS#PAPH2495640
List Date 06/20/2025
Property Type Commercial
Phone 703.929.4729
Request Tour
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