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Marjorie Dick Stuart

  • Cell 240-731-8079
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1939 W Diamond St, PHILADELPHIA, PA – $625,000

  • $625k Price
  • 5,999 Sqft
  • .04 Acres
  • 41 DOM
  • $625k Price
  • 5,999 Sqft
  • .04 Acres
  • 41 DOM

1939 W Diamond St

Own a piece of Philadelphia’s history AND earn instant equity when you buy this quadplex just 6 blocks from Temple University. Rent the units out, and now you have cash flow! Unit 1 is a 3 bed/1.5 bath, bi-level unit. Unit 2 is a 2 bed/2 bath unit. Unit 3 is a 3 bed/3 bath unit with the most amazing panoramic view from the 4th story. Unit 4 is a converted garage to the rear and has 1 bed/1 bath. Projected rents are $7,500 per month. Beautifully renovated and 90% of the way to get the Certificate of Occupancy. The seller was quoted $15,000 to install the water and gas lines to the property and $30,000 to install the sprinkler system. The 1st floor is zoned for commercial use and would require a $20,000 chair lift to meet code, OR if you prefer to downzone the building to 100% residential after closing, you can pocket the difference. There are just a few other touches needed to rent the units, including installing electric meters and some appliances. The 2022 Appraisal gives a $1,150,000 valuation after the building is complete and $625,000 As-Is. This property is truly a must-see.

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Essential Information

  • MLS® #PAPH2426256
  • Price$625,000
  • Bathrooms0.00
  • Square Footage5,999
  • Acres0.04
  • Year Built1915
  • TypeMulti-Family
  • Sub-TypeQuad, End of Row/Townhouse
  • StyleStraight Thru
  • StatusActive

Community Information

  • Address1939 W Diamond St
  • Area19121
  • SubdivisionTEMPLE UNIVERSITY
  • CityPHILADELPHIA
  • CountyPHILADELPHIA-PA
  • StatePA
  • MunicipalityPHILADELPHIA
  • Zip Code19121

Interior

  • HeatingCentral, Forced Air
  • CoolingCentral A/C
  • Has BasementYes
  • BasementFully Finished

Exterior

  • FoundationStone

School Information

  • ElementaryDUCKREY TANNER
  • MiddleTANNER DUCKREY

District

THE SCHOOL DISTRICT OF PHILADELPHIA

High

MASTERY CHARTER SCHOOL AT GRATZ

Additional Information

  • Date ListedDecember 13th, 2024
  • Days on Market41
  • ZoningCMX2

Listing Details

  • OfficeKW Empower
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Listing information last updated on January 22nd, 2025 at 8:18pm CST.