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Andrea Balkiewicz

and1300@verizon.net +1(484) 368-1103

Listed by Matin Haghkar • RE/MAX Plus

$499,999

Est. payment - /mo

2,496 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,496 sqft

Price per Sqft $200

Subdivision Temple University

MLS Listing ID PAPH2629516

Style Other

Abv Grd Liv Area 2,496

Year Built 1913

Annual Tax Amount $6,579

Tax Year 2206

Lot Size 1,700 Sqft

Acres 0.04

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

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. Existing rents are: Unit 1: $1,140 through 7/31/26 and then $1,180 from 8/1/27-7/31/28. Unit 2: $1,100 through 7/31/26 and then $1200 from 8/1/26-7/31/27 and back to $1100 from 8/1/27-7/31/28. 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. All three units are leased through July 31, 2027 (Unit 2 through July 31st, 2028). 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!

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning R10

Rooms

Basement Full, Unfinished

Interior

Hot Water Natural Gas

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2496

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 321184000

Ownership Fee Simple

SqFt Source 2496

Special Listing Condition Standard

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Nearby School & Business

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Andrea Balkiewicz

+1(484) 368-1103

REALTOR® | License ID: RS313316

REALTOR® License ID: RS313316

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1731 W DIAMOND ST Philadelphia, PA 19121

Andrea Balkiewicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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