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447 Diamond St, Philadelphia, PA, 19122

$700,000

Home List Price

$8,313*

Closing Credit

0 Baths
2,952 SqFt
$237/SqFt
Multi

Location

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447 Diamond St, Philadelphia$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1875
HeatingCentral
CoolingCentral Air
MLS #PAPH2410900
Lot Size0.02 Acres
StatusActive
(ACTIVE)

About 447 Diamond St

447 Diamond Street – Exceptional Investment Opportunity in a Prime Location Don’t miss this incredible chance to add a high-potential property to your portfolio! Located in the heart of a vibrant, rapidly growing neighborhood, 447 Diamond Street is a versatile CMX2 zoned mixed-use building with multiple income streams. Property Features: First Floor: A well-established convenience store/commercial space, currently leased with a Triple Net (NNN) lease in place, ensuring steady and low-maintenance rental income. This prime commercial space offers high visibility and foot traffic, ideal for a variety of businesses. Second & Third Floors: Two spacious 2-bedroom, 1-bathroom apartments, offering the opportunity to further capitalize on rental income. Both units feature modern finishes, plenty of natural light, and spacious layouts. Investment Highlights: Steady Cash Flow: The established tenant on the first floor and the income potential from the residential units make this an attractive investment opportunity for both new and seasoned investors. Triple Net Lease: The convenience store’s NNN lease reduces the burden of property expenses, offering a stable and predictable cash flow. Location & Neighborhood: Walkable to Amenities: Situated in a thriving neighborhood, this property is within walking distance of local restaurants, cafes, shops, and parks. The community is rapidly appreciating in value, making it an ideal time to invest. Transportation: Excellent public transportation options nearby, including bus routes and the subway, making commuting easy and convenient. Residents and businesses alike will benefit from quick access to major highways and downtown Philadelphia. Future Growth Potential: The area is seeing increased development, with new businesses and residential projects underway. This makes 447 Diamond Street not just a solid investment today, but a property with significant future growth potential. Summary: Whether you're looking to expand your real estate portfolio or invest in a property with stable cash flow and significant upside potential, 447 Diamond Street is a must-see. Take advantage of the opportunity to own a mixed-use building in a desirable and rapidly appreciating area. Don’t let this one pass you by—contact us today for more information or to schedule a viewing!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1875
  • Living Area: 2,952 SqFt

Listing Office:

  • Office Name: Realty ONE Group Focus
  • Office Phone: (484) 500-1681
  • Listing Agent: Tyrell Taylor

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.02 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Corner of 4th and Diamond.

Municipality:

  • Philadelphia

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
  • Price Per SqFt: $237/SqFt

Tax Information:

  • Annual Amount: $1,545
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Philadelphia, PA.

Med. Sold Price

$261.8K

Med. Price/SqFt

$199

Avg. Days On Market

44

# of Sold Homes

1056

447 Diamond St vs Philadelphia

35 DAYS ON ROCKET

-9 Days

$700,000

+$438.1K More

$237/SqFt

+$38 More

KEY TAKEAWAY

This property is $438.1K more than the Median Sold Price and $38/SqFt more than other homes in Philadelphia, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PAPH2410900

Listing Office:

  • Office Name: Realty ONE Group Focus
  • Office Phone: (484) 500-1681
  • Listing Agent: Tyrell Taylor

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 01, 2017Home Sold
$60,000
Jun 23, 2005Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,545 -
2019$1,531$109,400
2018$1,704$121,700
2017$1,517$108,400

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-299932
6
/10
  • John Moffet Elementary School

  • 127 W Oxford St

  • 0.64 miles

  • Public District Grades KG-5

school-card-donut-299933
7
/10
  • Horatio B. Hackett School

  • 2161 E York St

  • 0.82 miles

  • Public District Grades KG-5

school-card-donut-299934
1
/10
  • Isaac A. Sheppard Elementary School

  • 120 W Cambria St

  • 0.93 miles

  • Public District Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,609. The most common annual income of people living in Philadelphia, PA is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesPennsylvaniaPhiladelphia CountyPhiladelphia19122447 Diamond St

This home is located at 447 Diamond St in Philadelphia, PA and zip code 19122 in the Hartranft neighborhood. This 2,952 square foot home, which was built in 1875, sits on a 0.02 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $700,000.

Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $261,807.

From Rocket Homes Real Estate and based on county public records data.

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