Philadelphia, PA 19121,1542 W DIAMOND ST
Philadelphia, PA 19121,1542 W DIAMOND ST
Philadelphia, PA 19121,1542 W DIAMOND ST
29
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Listed by Rada Rann • KW Empower
$500,000
Est. payment /mo
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4,356 SqFt
Price Dropped by $130K

1542 W DIAMOND ST Philadelphia, PA 19121

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Greg Dwornikowski

Greg Dwornikowski

+1(215) 534-7347

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,356 sqft

Price per Sqft $114

Subdivision Philadelphia (North)

MLS Listing ID PAPH2559256

Style Straight Thru

Abv Grd Liv Area 4,356

Year Built 1934

Available Date 2025-11-19

Annual Tax Amount $5,792

Tax Year 2025

Lot Size 100 Sqft

Property Sub-Type Detached

Source BRIGHT

Property Description

Exceptional mixed use investment opportunity just two blocks west of Temple University. 1542 W. Diamond Street is a versatile 4,300 plus square foot mixed use building with dual storefronts and two residential floors with separate meters, ideal for investors seeking value-add cash flow or an owner operator who wants to run a business while collecting rent upstairs. The ground floor features two retail spaces totaling approximately 1,000 square feet. The primary storefront has existing frontage on Diamond Street with an operational commercial kitchen and hood currently run by the seller. The secondary retail unit of roughly 600 square feet is vacant and ready for a full renovation, offering flexible use for food service, café, or neighborhood retail. The second floor is a fully renovated three bedroom two bath apartment that is turnkey and immediately rentable. The third floor, configured as four bedrooms and three baths, is framed and ready for completion, allowing the next owner to customize finishes and capture additional rental income. Zoning reflects CMX-1 characteristics supporting neighborhood commercial plus residential use. As of Right Uses in CMX-1 Late-night slice + garlic knots window Birria/taco counter (grab-and-go) Halal grill & rice bowls Bubble tea + bao buns (light savory) Smoothie/acaí/protein ba Ghost-kitchen hub (2–3 virtual brands from one line) Print–copy–ship + campus mailboxes Device repair & accessories (phones/laptops) Thrift/consignment & merch pop-ups Bike repair & tune-ups + locks/lights Spicy “hot chicken” sandwiches Investment snapshot Asking price $650,000 and estimated rehab $150,000 for an all in of approximately $800,000. Projected gross income approximately $78,000 annually from residential and retail Stabilized NOI approximately $52,000, implying about a 6.5%cap rate on total cost and about 8% on the purchase price Seven bedrooms and five baths in total across the upper floors, multiple meters, public utilities, taxes for 2025 reported at $5,792, lot approximately 18 by 100 feet The property sits amid ongoing Temple corridor redevelopment, with new townhomes, student apartments, and local retail steadily improving block values. Whether you are an investor assembling student housing in a high demand pocket or an entrepreneur seeking live work potential, 1542 W. Diamond offers immediate income, clear value add levers, and long term appreciation in a growing North Philadelphia submarket. Showings by appointment only. Property sold as is. Contact KW Empower Commercial for financials, pro forma, and detailed investment analysis.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning R10 ( CMX1 )

Rooms

Basement Full

Interior

Interior Features Breakfast Area

Hot Water Oil

Heating Forced Air

Cooling None

Inclusions Refrigerator, range, range hood, microwave, dishwasher, all window treatments, all light fixtures.

Fireplace N

Heat Source Oil, Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Above Ground Finished SqFt 4356

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871603170

Ownership Fee Simple

SqFt Source 4356

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Masterman Julia R Secondary School

    Public | 5 - 12

  • 8

    Meredith School

    Public | KG - 8

  • 7

    Folk Arts-Cultural Treasures Charter School

    Public | KG - 8

  • 7

    General George A. McCall School

    Public | KG - 8

  • 7

    Laboratory Charter School

    Public | KG - 8

  • 7

    Environment Community Opportunity (Eco) Charter Sc

    Public | KG - 5

  • 6

    Albert M. Greenfield School

    Public | KG - 8

  • 6

    Independence Charter School

    Public | KG - 8

  • 5

    Russell Byers Charter School

    Public | PK - 6

  • 5

    Alliance for Progress Charter School

    Public | KG - 8

  • 5

    Young Scholars Charter School

    Public | 5 - 8

  • 5

    Leap Academy University Charter School

    Public | KG - 12

  • 5

    Conwell Russell Middle School

    Public | 5 - 8

  • 4

    Robert Morris School

    Public | KG - 8

  • 4

    Chester A. Arthur School

    Public | KG - 8

  • 4

    Bache-Martin Elementary School

    Public | PK - 8

  • 4

    Wissahickon Charter School

    Public | KG - 8

  • 4

    Math Civics and Sciences Charter School

    Public | 1 - 12

  • 4

    People for People Charter School

    Public | KG - 8

  • 4

    Spring Garden School

    Public | KG - 8

Middle Schools 12
  • 4

    Mastery Charter High School

    Public | 7 - 12

  • 4

    Esperanza Cyber Charter School

    Public | 6 - 12

  • 3

    Esperanza Academy Charter High School

    Public | 6 - 12

  • 2

    Eastern University Academy Charter School

    Public | 7 - 12

  • 2

    The Sd of Philadelphia Virtual Academy

    Public | 6 - 12

  • 2

    The Promise Academy at Roberto Clemente Middle School

    Public | 6 - 8

  • 1

    World Communications Charter School

    Public | 6 - 12

  • 1

    Penn Treaty

    Public | 6 - 12

  • 1

    Feltonville School of Arts and Sciences

    Public | 6 - 8

  • 0

    Student Education Center & Delaware Valley High School

    Private | 8 - 12

  • 0

    Wakisha Charter School

    Public | 6 - 8

  • 0

    Truebright Science Academy Charter School

    Public | 7 - 12

High Schools 20
  • 8

    Science Leadership Academy

    Public | 9 - 12

  • 8

    Academy at Palumbo

    Public | 9 - 12

  • 7

    Carver High School

    Public | 9 - 12

  • 7

    Bodine William W High School

    Public | 9 - 12

  • 5

    Philadelphia Electrical & Tech Chs

    Public | 9 - 12

  • 5

    Parkway-Center City

    Public | 9 - 12

  • 5

    Philadelphia Military Academy at Elverson

    Public | 9 - 12

  • 5

    Multi-Cultural Academy Charter School

    Public | 9 - 12

  • 4

    Franklin Lc

    Public | 9 - 12

  • 4

    Constitution High School

    Public | 9 - 12

  • 2

    Randolph A. Philip Avt High School

    Public | 9 - 12

  • 1

    School of the Future

    Public | 9 - 12

  • 1

    Strawberry Mansion High School

    Public | 9 - 12

  • 1

    Dobbins Avt High School

    Public | 9 - 12

  • 1

    Benjamin Franklin High School

    Public | 9 - 12

  • 1

    Mastery Charter School at Gratz

    Public | 9 - 12

  • 1

    Charter High School for Architecture and

    Public | 9 - 12

  • 1

    Kensington Creative & Performing Arts High School

    Public | 9 - 12

  • 1

    Edison / Fareira High School

    Public | 9 - 12

  • 1

    Kensington Health Sciences Academy

    Public | 9 - 12

School and business data provided by Attom Data.

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Greg Dwornikowski

Greg Dwornikowski

Agent | License ID: RS328262

+1(215) 534-7347

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1542 W DIAMOND ST

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