Map location of 1542 W DIAMOND STREET, PHILADELPHIA, PA 19121
$650,000
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1542 W di Amond Street, Philadelphia, PA 19121

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- Beds
0 Baths
4,356 Sq Ft

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, caf, 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-1Late-night slice + garlic knots windowBirria/taco counter (grab-and-go) Halal grill & rice bowls Bubble tea + bao buns (light savory) Smoothie/aca/protein ba Ghost-kitchen hub (23 virtual brands from one line) Printcopyship + campus mailboxes Device repair & accessories (phones/laptops) Thrift/consignment & merch pop-upsBike repair & tune-ups + locks/lights Spicy hot chicken sandwichesInvestment snapshotAsking 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 retailStabilized NOI approximately $52,000, implying about a 6.5%cap rate on total cost and about 8% on the purchase priceSeven 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 feetThe 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.

Listing By: Rada Rann - KW Empower mdbmls-r Realty.com
  • MLS# PAPH2558432
  • Date Listed11/12/2025
  • Days on Realty 20 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0 acres (100 sq. ft)
  • Sewer Public Sewer
  • Subdivision PHILADELPHIA (NORTH)
  • Property Type Mixed Use
  • County PHILADELPHIA
  • Year Built 1934
  • Water Public
  • Square Feet 4,356 sq. ft
  • Price Per Sq. Ft $149.22

Interior Features

  • Cooling None, Electric
  • Heating Natural Gas, Oil, Forced Air

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.00
  • Lot Size SQFT 100.00
  • Lot Features -

Directions

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Financial Considerations

  • Tax Amount $5,792
  • Terms Cash, Conventional, FHA, VA Loan

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in PA / 19121

Source: Walkscore

93/100

Walker's Paradise

Walk Score ®

83/100

Excellent Transit

Transit Score ®

76/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

Transit Summary

24 nearby routes: 11 bus, 13 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 72/100, Transit Score: 68/100, Bike Score: 68/100.

Property Change History

Agent added 28 new photos to the listing
1 → 29 photos
Property description updated with new details

Points of Interest near 1542 W DIAMOND STREET, PHILADELPHIA, PA 19121

Frequently Asked Questions for 1542 W DIAMOND STREET

Source: Realty.com

1542 W DIAMOND STREET, PHILADELPHIA, PA 19121 is a Mixed Use, Commercial Sale property listed for $650,000 The property is 4356 sq. ft with - bedrooms and 0 bathrooms

Realty.com has 29 photos of 1542 W DIAMOND STREET.

Our records indicate that 1542 W DIAMOND STREET was built in 1934.

The full address for this home is 1542 W DIAMOND STREET, PHILADELPHIA, PA 19121.

1542 W DIAMOND STREET has been listed on Realty.com since Wed November 12, 2025

Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 72/100, Transit Score: 68/100, Bike Score: 68/100.

There are 2 schools assigned to this home. Check out the schools near 1542 W DIAMOND STREET. Universal Vare Charter School (Grades: 5 - 8), Frankford High School (Grades: 9 - 12)

Listing provided courtesy of: Kw Empower (tel: 215-627-3500)
Listing agent: Rada Rann (tel: 215-219-9601) (#3350492)

This content last refreshed on 2025-12-02 19:52:13. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 1542 W DIAMOND STREET, PHILADELPHIA, PA 19121 : MLS# PAPH2558432

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