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Investment opportunity in the heart of the Temple University rental corridor! This well-maintained 9 bed, 6 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, 2-bathroom apartments, each offering generous kitchen cabinet space and functional layouts. Photos are from Unit 2; Units 1 and 3 are very similar. All units have access to the backyard/patio through the common area basement. Current rents are significantly below market, with long-term tenants in place, presenting immediate value-add potential. ALL units are rented for at least another year. Building Rents - Unit 1: $1,180 (through 7/31/27) / Unit 2: $1,150 (through 7/31/28) / Unit 3: $1,275 (through 7/31/27). 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. The property has been meticulously maintained and features newer appliances, central air and heat, and a washer and dryer for each unit 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!

Source: BRIGHT MLS, MLS#: PAPH2629516

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  • Property Type
    Residential Income
  • Lot
    0.04 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1731 W DIAMOND STREET


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/25/2026Source: BRIGHT MLS Price Reduction
$484,999 -3.0%
6/3/2026Source: BRIGHT MLS Added to Database
June 03, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 11, 2021
12/3/2024Source: BRIGHT MLS Added to Database
August 13, 2021
Listing provided courtesy of RE/MAX Plus- MLS# PAPH2629516MLS ProviderContact Information: [email protected] - 2154223711