Presenting the exclusive sale of 3228 Diamond Street, a 4,572 SF multifamily property located in the Strawberry Mansion neighborhood of Philadelphia. This building consists of five (5) residential units, including three (3) 3-bedroom/1.5-bath units, one (1) 1-bedroom/1-bath unit, and one (1) bi-level studio, and is properly licensed for all five (5) units. The property was previously operated as an Airbnb, and the units feature finer finishes uncommon to the surrounding market, distinguishing the offering from comparable multifamily product in the area. One of the 3-bedroom units is currently vacant, presenting a unique opportunity for an owner-occupant, while the remaining units offer upside through future rent increases to strengthen overall NOI. Situated in a rapidly developing area with close proximity to Fairmount Park and Center City, Strawberry Mansion continues to see increased investor interest driven by strong rental demand and neighborhood growth.
| MLS # | PAPH2655778 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 47 |
| Listing Provided By | Mallin Panchelli Nadel Realty Inc | Alexandra Charen |
| Units | 5 |
|---|---|
| Zoning | RM1 |
| Acreage | 0.05 |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Other |
| Roof | Flat |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Stone, Other |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 1207 |
|---|
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | STRAWBERRY MANSION |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in STRAWBERRY MANSION) | |
Price: $749,000 low | high Med: $119,900 On site: 47 low | high Med: 59 | |
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | STRAWBERRY MANSION |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in STRAWBERRY MANSION) | |
Price: $749,000 low | high Med: $119,900 On site: 47 low | high Med: 59 | |