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3228 W Diamond St, 
Philadelphia, PA 19121

$795,000


8

Beds


Bath


4,061

Sq Ft


Multi-Family


Virtual Tour

Coming Soon

Listed by

Maria Maria Quattrone Quattrone

RE/MAX @ Home

Last updated:

June 21, 2025, 10:08 AM

MLS#

PAPH2488760

Source:

BRIGHTMLS

About This Home

3228 W Diamond St

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!

Home Facts

Multi-Family

8 Bedrooms

Built in 1915

Price Summary

795,000

$195 per Sq. Ft.

MLS #:

PAPH2488760

Last Updated:

June 21, 2025, 10:08 AM

Added:

1 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8


Structure

Structure

Architectural Style:

Straight Thru

Building Area:

4,061 Sq. Ft.

Year Built:

1915


Lot

Lot Size (Sq. Ft):

2,178


Finances & Disclosures

Finances

Price:

$795,000

Price per Sq. Ft:

$195 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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