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1627 W Diamond StreetPhiladelphia, PA 19121

For Sale

$556,000

Smart Buyer Rebate $5,560

Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional triplex offers immediate cash flow and strong long-term upside.

The property is currently generating $51,300 in annual gross rental income, with meaningful upside on Unit 1 upon lease turnover — this income-producing asset is an outstanding opportunity for investors seeking a stable base of cash flow plus a clear path to increased returns.

Completely gutted and renovated in 2015, the property benefits from modern infrastructure and finishes. The 1:1 bedroom-to-bathroom ratio aligns with current student housing demand trends, helping to ensure future rentability and maintain competitive occupancy levels.

Unit 1: 5 Bed / 5.5 Bath — Currently rented at $1,350/month (historically rented at $2,600/month — significant upside potential upon lease renewal)
Unit 2: 3 Bed / 3 Bath — Rented at $1,350/month
Unit 3: 3 Bed / 3 Bath — Rented at $1,575/month

This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206

Listed by Danielle Redenbaugh

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License #RS371661

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BHHS Fox & Roach-Center City Walnut

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2676143971

Last updated September 20, 2026

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Source: Bright #PAPH2665128

Listing Facts

  • TypeMulti-family
  • NeighborhoodDiamond Street
  • Days on Prevu61
  • Taxes$7,550/year
  • Size4,128 sqft
  • Price per sqft$135

Location

Mortgage Calculator

Listing History

08/31/2026
Listed by BHHS Fox & Roach-Center City Walnut
$556,000
  1. 08/31/2026$556,000
    Listed by BHHS Fox & Roach-Center City Walnut

Property Details for 1627 W Diamond Street

Exterior

Construction

  • New Construction: Yes
  • Number Of Units Total: 3
  • Property Condition: Excellent
  • Year Built: 2015
  • Architectural Style: Traditional
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Size Acres: 0.04
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 1,800
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $7,550.00
  • Tax Year: 2026

Interior

Measurements

  • Living Area: 4,128
  • Living Area Source: Assessor

Other

Location

  • Subdivision Name: TEMPLE UNIVERSITY
  • Tax Lot: 114

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Heating: Heat Pump(s)
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 1627 W Diamond Street.

What are the annual taxes for 1627 W Diamond Street?

Annual taxes for this multi-family home are estimated at $7,550.

How does 1627 W Diamond Street compare to other multi-family homes in Diamond Street?

This multi-family home is listed 13% below the average price for multi-family homes in Diamond Street and has been on the market for 24 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,128 sqft.

1627 W Diamond Street is a -bedroom multi-family home for sale in PHILADELPHIA PA 19121. Listed on Prevu for 61 days at $556,000. This home features 4,128 square feet of living space, located in Diamond Street. The median listing price for multi-family homes in this area is $549,900. View other multi-family home listings in Philadelphia.

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.