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Listed by Logan Rothman • Engel & Volkers
$ 1,649,900
Est. payment | /mo
1,800 Sqft Lot
$ 1,649,900
Est. payment | /mo
1,800 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Temple University
MLS Listing ID PAPH2645238
Year Built 2013
Annual Tax Amount $10,137
Tax Year 2025
Lot Size 1,800 Sqft
Acres 0.04
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Exceptional opportunity to acquire 1516 & 1518 Diamond Street as a package in one of North Philadelphia's strongest rental corridors, just moments from Temple University. Together, these neighboring properties offer 8 total units with an attractive unit mix of two 3-bedroom/1-bath units, two 3-bedroom/2-bath units, and four 4-bedroom/2-bath units, creating strong appeal for student and off-campus renters seeking larger shared living spaces in a prime location.
Positioned in a high-demand area with consistent rental activity, this portfolio offers scale, functionality, and long-term upside for investors looking to expand near Temple's campus. The larger bedroom counts and versatile layouts are well-suited for the student housing market, while the properties' proximity to Temple University, Broad Street, public transportation, neighborhood dining, and everyday conveniences further enhances tenant demand.
Whether you're adding to an existing portfolio or looking to establish a presence in one of Philadelphia's most active investment submarkets, 1516 and 1518 Diamond Street present a compelling package opportunity with strong rental appeal, an ideal unit mix, and a location that continues to attract student renters year after year.
For investors seeking greater scale, this package may also be purchased together with nearby 1726 Arlington Street, creating a larger 10-unit portfolio opportunity in the heart of Temple University's rental market.
Positioned in a high-demand area with consistent rental activity, this portfolio offers scale, functionality, and long-term upside for investors looking to expand near Temple's campus. The larger bedroom counts and versatile layouts are well-suited for the student housing market, while the properties' proximity to Temple University, Broad Street, public transportation, neighborhood dining, and everyday conveniences further enhances tenant demand.
Whether you're adding to an existing portfolio or looking to establish a presence in one of Philadelphia's most active investment submarkets, 1516 and 1518 Diamond Street present a compelling package opportunity with strong rental appeal, an ideal unit mix, and a location that continues to attract student renters year after year.
For investors seeking greater scale, this package may also be purchased together with nearby 1726 Arlington Street, creating a larger 10-unit portfolio opportunity in the heart of Temple University's rental market.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321035801
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS