1621 W DIAMOND ST, Philadelphia, PA 19121

• 2,700 sqft

Property Description

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 the 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!

Listing Status:

Active

Date Added:

January 17, 2026

Data Last Updated:

August 13, 2026 at 4:19AM

Listing Office:

Plus Realtors : 2154223711

Listing Agent:

Matin Haghkar : 2154223711

MLS ID:

PAPH2572648

Interior

• General: Combination Kitchen/LivingCombination Kitchen/Dining
• Basement: Full
• A/C: Central A/C
• Heating: CentralNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Other

Construction

• General: MasonryBlock

Location

• Originating MLS: BRIGHT_MAIN
• School District: THE SCHOOL DISTRICT OF PHILADELPHIA
• County: PHILADELPHIA-PA

Lot

• Zoning: RM1321043500

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: Tenant personal property