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1613 W Diamond St , Philadelphia, PA 19121
$660,000
Est. Payment: $3,565.43/mo
9 Bed
5 Bath
2980 Sqft
0.04 Acres
Status: active | Days on site: 86
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KELWLMW - 3321409
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House Description

Welcome to 1613 W. Diamond Street, a turnkey, legally zoned RM-1 triplex located just minutes from Temple University in one of Philadelphia's fastest growing neighborhoods, where strong rental demand and continued redevelopment create excellent long term investment potential. Remember 2020 interest rates? Here's your chance to get one again. While today's buyers are facing much higher borrowing costs, 1613 W. Diamond St. offers an assumable FHA loan with an incredibly low 2.25% interest rate, subject to lender approval and buyer qualification. Opportunities like this are exceptionally rare and could save the next owner hundreds of dollars each month and tens of thousands over the life of the loan. This well maintained property features three spacious 3 bedroom apartments. Unit 1 offers 3 bedrooms and 1 bathroom and is currently rented month to month at $1,525/month, providing flexibility for an owner occupant or investor. Units 2 and 3 each feature 3 bedrooms and 2 full bathrooms and are rented for $2,000/month and $2,050/month, respectively. The property currently averages approximately $6,200 per month in rental income. With tenants paying their own electric, this property offers attractive cash flow with low operating expenses. The property has seen numerous recent improvements, including three newer hot water heaters (all approximately 1 to 2 years old), an upgraded water pressure pump, new flooring in Unit 1, fresh paint throughout all three units, a washer and dryer drain system added to Unit 3, a front door keypad, and backyard furnishings that enhance the outdoor space. Each unit comes equipped with stainless steel appliances, its own washer and dryer, high speed WiFi, and window air conditioning units. The sale also includes three flat screen TVs, three living room couches, two kitchen tables with chairs, three TV consoles, the property's WiFi modem and network setup, three high speed routers, more than nine window AC units, and all tools, paint, and maintenance supplies stored in the basement, making this a truly turnkey investment. Additional features include a Landlord Locks universal key system, allowing tenants access to the foyer and their own unit while maintaining privacy from the other apartments, plus separate bedroom keys. The property also includes a security camera system that is already installed and ready to be configured, as well as a security system in Unit 1 that can be armed to alert against intruders. Whether you're looking to expand your investment portfolio, take advantage of the assumable low interest FHA loan, or own a high performing property in one of Philadelphia's strongest rental markets, 1613 W. Diamond Street is an exceptional opportunity you won't want to miss.

Highlights

Listed by Jason Polykoff , 6104205178 Keller Williams Realty Devon-Wayne , 6106478300. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.04

Year Built

1915

County

Philadelphia

Area

19121 (19121)

Neighborhood

Temple University

School District

Philadelphia City

Listing ID

PAPH2655920

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:9
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Air Cond:Window Unit(s)
Fireplaces:
Floor:Laminate Plank
Above Ground Sq Ft:2980
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:18.00 x 100.00
Zoning:RM1
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$3,565
Taxes
$536

Home Price

$660,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$132,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,565.43

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,565.43 $536.17 $0.00 $4,101.60
Yearly $42,785.21 $6,434.00 $0.00 $49,219.21
Total $1,283,556.33 $193,020.00 $0.00 $1,476,576.33
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS