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. Read Less

Courtesy of Beverly D Chandran, Realty Mark Cityscape 215-583-7777

Listing Snapshot

Days Online

104

Last Updated

Jan 16, 2026

Property Type

Townhouse

Square Ft.

2,484

Lot Size

0.04 Acres

Year Built

1925

MLS Number

PAPH2483508

Additional Details

Appliances & Equipment

Energy Efficient Appliances, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Water Heater - High-Efficiency

Basement

Full, Unfinished

Building

Built in 1925, Built in 2024 (effective), Living area: 2484, Construction Materials: Masonry

Cooling

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

Accessibility Features

Level Entry - Main

Expenses

Insurance: $3,600, Maintenance: $1,000, Operating: $13,208

Foundation

Brick/Mortar

Heating

Baseboard - Electric, Forced Air, Hot Water

Income

Gross Income: $100,000, Net Operating Income: $80,000, Apartment Rentals

Interior Features

2nd Kitchen, Bathroom - Walk-In Shower, Ceiling Fan(s), Efficiency, Floor Plan - Traditional, Intercom, Kitchen - Efficiency, Kitchen - Table Space, Recessed Lighting, Sprinkler System, Upgraded Countertops, Wood Floors

Lot

0.04 acres, Dimensions: 17.00 x 90.00

Owner Pays

Common Area Maintenance, Insurance, Repairs, Sewer Maintenance

Property

Other structures: Above Grade, Below Grade

Security Features

Carbon Monoxide Detector(s), Fire Detection System, Main Entrance Lock, Smoke Detector, Sprinkler System - Indoor, Intercom

Sewer

Public Sewer

Taxes

Annual Amount: $5,408, Lot: 253, Year: 2024, Zoning: RM1

Utilities

Electric Available, Sewer Available, Water Available, Cable TV Available, Water Source: Public, 200+ Amp Service

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