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For sale
  • Price cut: $5K (4/29)
    $635,000

    447 Diamond St, Philadelphia, PA 19122

    4beds
    3baths
    2,952sqft
    : 
    Retail
    Built in 1875
    -- sqft lot
    $-- Zestimate®
    $215/sqft
    $-- HOA

    What's special

    Spacious layoutsModern finishesPlenty of natural light
    Prime Investment Opportunity in a Thriving Neighborhood – 447 Diamond Street Unlock the potential of this incredible mixed-use property in one of the city’s fastest-growing neighborhoods. 447 Diamond Street offers a unique investment opportunity with steady cash flow, a prime location, and the promise of long-term growth. Whether you're an experienced investor or looking to expand your portfolio, this property is a must-see! Property Features: First Floor: Commercial Space with Triple Net Lease The ground floor features a well-established convenience store currently under a Triple Net (NNN) lease. This means minimal maintenance and a reliable income stream. With high visibility and consistent foot traffic, this space is perfect for a variety of businesses, making it an excellent choice for savvy investors. Second & Third Floors: Residential Apartments Each of the two upper floors is home to a spacious 2-bedroom, 1-bathroom apartment. Recently updated with modern finishes, these units offer great natural light, ample space, and a desirable layout. Capitalize on the rental income potential or enjoy the option to live in one of the units while generating income from the others. Investment Highlights: Steady Cash Flow: With the long-term, low-maintenance commercial tenant and the income-generating residential units, this property offers multiple revenue streams and reliable cash flow. Triple Net Lease: The NNN lease on the first floor reduces your operating expenses, providing a stable and predictable income stream with minimal risk. Future Upside: The surrounding area is undergoing rapid development, increasing both the property value and future growth potential. Location & Neighborhood: Walkable Convenience: Enjoy the best of city living with easy access to local restaurants, cafes, parks, and shops—all just a few steps away. The neighborhood is vibrant, welcoming, and quickly appreciating in value, making this an ideal time to invest. Transportation & Accessibility: Excellent access to public transportation, including bus routes and the subway, as well as quick routes to major highways and downtown Philadelphia, ensures that residents and business owners will enjoy convenient and efficient commutes. Rapid Growth Area: With new developments popping up across the neighborhood, 447 Diamond Street is in the heart of a thriving, dynamic area. This makes it a perfect property for long-term investment. Why Invest in 447 Diamond Street? Whether you’re looking to add a reliable income-generating asset to your portfolio or seeking a property in an area with tremendous future growth, 447 Diamond Street offers both stability and potential. Don’t miss out on this rare opportunity to secure a mixed-use property in one of Philadelphia’s most promising locations. Contact us today to schedule a tour and explore the immense value this property has to offer!
    206 days
    on Zillow
    |
    48
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 06, 2025 at 03:55am

    Listed by:

    Tyrell Taylor 267-442-8451,

    Realty ONE Group Focus 4845001681

    Source: Bright MLS,MLS#: PAPH2410900MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 447 Diamond St.

    Next available tour time:Today at 12:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Basement
    • Area: 0
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,952
    • Total interior livable area: 2,952 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 1,080 Square Feet
    • Dimensions: 18.00 x 60.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 871525280
    • Zoning: CMX2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Retail
    Materials
    • Masonry
    Condition
    • New construction: No
    • Year built: 1875

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Philadelphia
    • Municipality: PHILADELPHIA

    Financial & listing details

    • Price per square foot: $215/sqft
    • Tax assessed value: $220,700
    • Annual tax amount: $3,089
    • Date on market: 10/20/2024
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 58000
    • Income includes: Apartment Rentals, Shop Rentals
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