1935-37 W Diamond St
Listing Notes
This dual-parcel property in North Philadelphia offers a prime development opportunity with flexible building configurations. With a combined lot size of approximately 3,282 square feet, developers have two strong by-right options: Option 1 allows for the construction of two separate four-story buildings, each containing four units. Every unit would feature four bedrooms, yielding a total of eight units and 32 bedrooms across the site. Option 2 permits the development of a single, four-story building with eight units, each also offering four bedrooms-providing a total of 32 beds under one roof. Both options maximize the allowable building footprint and rental potential, making the property ideal for student housing, shared living arrangements, or families seeking modern, spacious accommodations. Located just minutes from Temple University, public transportation, and major access routes, the site is situated in one of the city's most active redevelopment zones. Surrounded by ongoing new construction, renovations, and a rising rental demand, this project is poised for long-term success and strong returns. Whether you're a seasoned developer or an investor seeking scale and sustainability, this shovel-ready opportunity presents a standout residential project in a thriving Philadelphia neighborhood. APPROVED PLANS ARE AVAILABLE!
Price in context
Cheaper than 50% of the 24 homes listed nearby right now, which run $219,900 to $525,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1822 N Van Pelt St | $219,900 | 6 bd · 2.5 ba |
| 2123 N 22nd St | $224,900 | 4 bd |
| 1931 N Gratz St | $235,725 | — |
| 2450 N 20th St | $259,000 | 5 bd · 3.5 ba |
| 1719 W Berks St | $269,000 | 6 bd · 2.5 ba |
| 1951 N Gratz St | $299,000 | — |
| 2005 N 17th St | $299,000 | — |
| 1718 W Norris St | $299,900 | — |
| 1811 N Bouvier St | $304,900 | 6 bd · 3 ba |
| 1612 Fontain St | $330,000 | 6 bd · 2.5 ba |
| 1600 W Diamond St | $349,000 | 5 bd · 3 ba |
| 1800 N 18th St | $350,000 | — |
| 1937 N Gratz St | $375,000 | — |
| 1918 N Gratz St | $399,900 | — |
| 1740 N Lambert St | $399,999 | 4 bd · 3 ba |
| 1824 W Norris St | $435,000 | 4 bd · 2 ba |
| 1923 N 20th St | $450,000 | 6 bd · 3 ba |
| 1905 W Diamond St | $459,900 | — |
| 1726 Arlington St | $469,900 | — |
| 1739 W Berks St | $474,900 | — |
| 1807 W Berks St | $495,000 | — |
| 1805 W Berks St | $495,000 | — |
| 1803 W Berks St | $495,000 | — |
| 1939 N Gratz St | $525,000 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more