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MLS: #PAPH2572648, Listed By: Matin Haghkar, RE/MAX Plus, Source:Bright MLS

1621 W Diamond Street

PHILADELPHIA, PA 19121
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Bed 9

Bed

Bath 0

Bath

SqFt2,700

Sqft

Acres0.04

Acre(Lot)

Investment opportunity in the heart of the Temple University rental corridor! 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. 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 th e 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 (with slight rent increases effective 8/1/26 through 7/31/27), 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. All three units are leased through July 31, 2027. The property has been meticulously maintained and features newer appliances, central air and heat, 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 perfect to add to your portfolio. May also be purchased along with other properties in the area in a package deal. Please inquire for details. Schedule your appointment today!

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Detail Ic Property Details

Property Type : Residential Income

Price : $489,000

AD Id : 74319750

MLS Id : PAPH2572648

Beds : 9

Lot Size : 0.04 Acre

Living Area Size : 2,700

Year Built : 1915

County : PHILADELPHIA

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Feature Features

  • Bedroom Information

    Total beds: 9

    Room Information

    Rooms Total: 9 Has Basement: Yes Basement: Full
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Central Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 1915 Building Area Total: 2700 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 18.00 x 100.00 Lot Size Acres: 0.04 Lot Size Source: Assessor Lot Size Square Feet: 1783

  • Listing Price Information

    Listing Price: $489000

  • Tax Information

    Parcel Number: 321043500 Tax Lot: 86 Tax Year: 2025 Annual Tax: $6516

  • Parking Information

    On Street

  • Location Information

    Direction: Please use GPS WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1220 N Carlisle Street, Philadelphia, PA, 19121 $550,000 -- -- 2,397 2,397 SqFt
1222 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,424 2,424 SqFt
1224 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,385 2,385 SqFt
1228 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,385 2,385 SqFt
1230 N Carlisle Street, Philadelphia, PA, 19121 $550,000 2 -- 2,385 2,385 SqFt
2024 N Carlisle Street, Philadelphia, PA, 19121 $800,000 -- -- 2,157 2,157 SqFt
2041 N 15th Street, Philadelphia, PA, 19121 $310,000 5 -- 2,832 2,832 SqFt
1511 W Seybert Street, Philadelphia, PA, 19121 $499,000 -- -- 2,931 2,931 SqFt
1507 W Oxford Street, Philadelphia, PA, 19121 $1,140,000 -- -- 3,000 3,000 SqFt
1545 W Jefferson Street, Philadelphia, PA, 19121 $344,900 8 -- 3,604 3,604 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/21/2026 @ 07:24

MLS: PAPH2572648 LISTED BY: Matin Haghkar, RE/MAX Plus 215-422-3711 SOURCE: Bright MLS

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