1935-37 W Diamond St, Philadelphia, PA 19121

Property Description

This property represents one half of a dual-parcel development opportunity in North Philadelphia, offering flexibility for builders and investors. The individual lot allows for strong by-right development potential, while also presenting the option to acquire the adjacent parcel to expand the project. As a standalone parcel, the site supports the construction of a four-story residential building with four units, each designed with four bedrooms—ideal for maximizing rental income and efficient layouts. For buyers seeking additional scale, purchasing both parcels together would allow for a larger development footprint, with the potential to construct either two separate four-story buildings or a single expanded structure totaling eight units and 32 bedrooms. APPROVED PLANS ARE AVAILABLE! Located just minutes from Temple University, public transportation, and major access routes, the property sits in one of Philadelphia’s most active redevelopment areas. Surrounded by new construction, renovations, and increasing rental demand, this site is well-positioned for long-term growth and strong returns. Whether developed individually or as part of a larger assemblage, this shovel-ready opportunity offers a compelling residential project in a rapidly appreciating North Philadelphia neighborhood.