1730 W DIAMOND STREET, PHILADELPHIA, PA 19121

$795,000

CO-LIVING APARTMENT BUILDING - PRICE REDUCTION - Calling the savvy investor! Temple University, a fully occupied, exceptional Efficiency/Co-Living Apartment Building, thoughtfully designed to include 9 income-generating units, 8 modern baths, and 7 fully equipped kitchens. The amenities include a hook-up for washers and dryers. This upgraded co-living property is a… Read More prime investment opportunity for those seeking robust cash flow and long-term stability. With multiple units producing rental income, this asset outperforms traditional single-family or multi-family investments by maximizing revenue per square foot. The property's strategic layout minimizes vacancy risks while optimizing cash flow. Even if one tenant moves out, the remaining units continue to generate income, ensuring consistent returns. Additionally, the flexibility to offer short-term, medium-term, or long-term rentals allows investors to capitalize on shifting market demands, maintaining optimal occupancy rates year-round. 1730 W. Diamond Street is a standout investment purchase due to its significant 2024 upgrades, including modernized kitchens, enhanced bathrooms, and smart home features. With 9 rentable units, the potential income stream can significantly exceed that of a standard 4-unit quad or multi-family property. Plus, while a single vacancy in a quad can reduce income by 25% or more, this co-living building's structure ensures minimal financial impact from tenant turnover. Furthermore, the tenant pool for co-living properties is diverse and stable, ranging from working professionals and downsizing seniors to short-term residents seeking flexible, fully equipped living spaces. This broader tenant base not only reduces turnover but also minimizes costly repeat repairs often associated with conventional apartment rentals. This co-living property is not just an investment; it's a strategic asset designed for sustainable, high-yield returns. Each unit is recently renovated. Cash deal preferred, as-is sale, and POF required before scheduling an appointment to see the property. Agent nor the seller is responsible for incorrect public information, including taxes. Showings are preferred during the Open House due to the tenant's work schedules. CAP RATE Approximately 10%. Serious inquiries can request the rent roll. MLS does not allow for inputting accurate information regarding the number of kitchens. There are 9 recently renovated units, 8 baths, and 7 kitchens. Read the details of the listing for the set-up of each room. Annual income is approximate and based on current rent roll. Buyer encouraged to check with City of Philadelphia, L and I and public records to confirm all details about the property. Read Less

Courtesy of Beverly Chandran, Realty Mark Cityscape [email protected]

Listing Snapshot

Days Online

Last Updated

Sep 30, 2025

Property Type

Five Or More Units

Square Ft.

2,484

Lot Size

0.04 Acres

Year Built

1925

MLS Number

PAPH2532576

Additional Details

Building

2,484 net sqft, 2,484 total building sqft, Built in 1925, Major renovation in 2024, 9 units in building, Masonry

Cooling

Electric, Ceiling Fan(s), Multi Units, Window Unit(s)

Floors

Engineered Wood

Foundation

Brick/Mortar

Heating

Electric, Baseboard - Electric, Forced Air, Hot Water

Income

Gross Scheduled Income: $100,200, Apartment Rentals

Lot

1,742 sqft, Lot Size Dimensions: 17 x 90, 0.04 acres

Roof

Flat

Sewer

Public Sewer

Taxes

County Tax Pymnt Freq: Annually, School Tax: $3,028, Tax Annual Amount: $5,408, Tax Year: 2025

Utilities

Electric Avg / Month: 300.0, Electric Service: 200+ Amp Service, Hot Water: Electric, Cable TV Available, Electric Available, Sewer Available, Water Available

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

1730 W DIAMOND STREET

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send