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809 Diamond St 11 Unit Apartment Building $2,100,000 ($190,909/Unit) 7.39% Cap Rate Philadelphia, PA 19122
Investment Highlights
- Located in the Temple University area, providing access to one of Philadelphia's largest universities.
- Convenient access to the Broad Street Line, connecting the property to Center City, NRG Sports Complex, and regional transit networks.
- Approximately 2 miles from Center City Philadelphia, offering access to major employment, government, healthcare, and cultural destinations.
- Walkable to Temple University's main campus and surrounding retail, dining, and neighborhood services.
- Positioned within North Philadelphia with direct connectivity to Broad Street, Roosevelt Boulevard, I-95, and I-676.
- Accessible to SEPTA regional rail stations, bus routes, and public transportation options serving the greater Philadelphia market.
Executive Summary
MPN Realty, Inc. is pleased to present the exclusive sale of 809 Diamond St., a new-construction 11-unit apartment building in the Temple University area. Completed in 2025, the building features high-end finishes, with gourmet kitchens, tile baths, hardwood and tile flooring, spacious living areas, and W/D in unit. Some units have private outdoor areas, and there is a common roof deck for the building. All units are self-contained. The property is being offered at a 7.3% CAP rate, making this an excellent turn-key investment opportunity.
Located in the Temple University area, this is an ideal location attractive to both students and professionals. The site offers easy access to public transportation via the Broad St Subway line, the Temple University regional rail stop, and many bus routes.
Located in the Temple University area, this is an ideal location attractive to both students and professionals. The site offers easy access to public transportation via the Broad St Subway line, the Temple University regional rail stop, and many bus routes.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,100,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $190,909 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 7.39% | Building Size | 9,088 SF |
| No. Units | 11 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CMX-2 - Neighborhood Commercial Mixed-Use District | ||
| Price | $2,100,000 |
| Price Per Unit | $190,909 |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 9,088 SF |
| No. Stories | 4 |
| Year Built | 2025 |
| Opportunity Zone |
Yes |
| Zoning | CMX-2 - Neighborhood Commercial Mixed-Use District |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Smoke Free
- Wi-Fi
- Elevator
- Maintenance on site
- Private Bathroom
- Walk-Up
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $564,500 | |
| Land Assessment | $141,100 | Total Assessment | $705,600 |
Property Taxes
Parcel Numbers
Land Assessment
$141,100
Improvements Assessment
$564,500
Total Assessment
$705,600
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809 Diamond St
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