Multi-family report

1838 Diamond St

6 bd · 4 ba · 1 story · 3,078 sqft · RM1 · built 1915

Investor / LLC · assessed $473K · 4 licensed units · sold 3×. On the 1800 block of Diamond St.

Street view of 1838 Diamond St
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record
Finding

Renovated & sold on

Why it matters

Bought for $125K in 2016, demolition permit in 2016, sold for $241K in 2017 (+144%).

View supporting records →

What the record is signaling

Early patterns mined across this property's dated public records. Each flag shows what triggered it and where the inference stops.

watch signalAssessment/permit mismatch

The assessment jumped 289% in 2020, but no matching permit appears in the property timeline.

Evidence: assessment moved from $125,400 to $487,800 · no permit shown in 2019-2021

Limit: Not proof of unpermitted work; reassessment, corrected data, or a permit under another parcel can also explain it.

Transparent record rules, not a machine-learning forecast. A signal is a prompt to verify the cited record, not a prediction or allegation.

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1915: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

If you’re the landlord

Lead certificate is not optional

Built 1915: every rental unit needs a lead-safe or lead-free certificate on file with the City. Without one: fines up to $2,000/day per unit, tenants may withhold rent, courts can order rent refunded — and no eviction will stand.

Licensed rental — keep it that way

Renewal requires city tax clearance and zero open L&I violations on the property. A lapsed license suspends the right to collect rent or evict.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

Who's behind it

826 Wynnewood Road LLC · corporate / LLC owner

• Tax bills mail to 437 West Gay St, West Chester PA, 19380 — outside Philadelphia
• Holds an active rental license for this address

The investment read

How this building has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$473K
built 1915
Price / sq ft
$154
block $128 · above block
Appreciation
+29%
+2%/yr, city 6.5%
In 5 years (~2031)
~$474K
+2%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$7K
1.4% effective
Jun 2022 tax snapshot
No match
not proof the account is current
Gross yield
2.6%
≈$1K/mo rent
Times sold
3
licensed rental

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$500K$1.0MBefore this chart — 2009: Inspection failed ×22016: Sold $125K 2016: Demolition 2016: Electrical 2016: Mechanical 2016: Major alteration2017: Plumbing 2017: 2 L&I violations 2017: L&I: 1 failed, 1 passed 2017: Suppression 2017: Sold $241K2019: Inspection passed$473K201620222027
This houseBlock median & rangeSalePermitInspection

The paper trail

Bought for $125K in 2016, demolition permit in 2016, sold for $241K in 2017 (+144%).

  1. 2009 Inspection failed ×2L&I visit
  2. 2016 $125KSoldDemolitionPermitElectricalPermitMechanicalPermitMajor alterationPermit
  3. 2017 PlumbingPermit2 L&I violationsL&IL&I: 1 failed, 1 passedL&I visitSuppressionPermit$241KSold
  4. 2019 Inspection passedL&I visit

Flags: active rental license. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Bedrooms
6
Bathrooms
4
Stories
1
Interior
3,078 sqft
livable area
Lot
1,512 sqft
Basement
Full, unfinished
city code C
Heat
Hot water / radiators
city code B
Central air
No
Exterior condition
Above average
city code 3
Interior condition
Above average
city code 3
Quality grade
C+
assessor's grade
Zoning
RM1
city zoning code

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 1838 Diamond St takes, at your price and your rate. Taxes are this building's actual bill from the city record; rent starts at 4 licensed units × ~85% of the area's median unit rent — the whole building's income, not one unit's. Assessed value is not an asking price — set the price slider to the real one.

$473K
20%
6.875%
$4K/mo

When this house last sold (2017) a 30-year mortgage ran about 3.99% — Freddie Mac's average that year.

Mortgage
P&I · 30-yr fixed
All-in monthly
+ taxes & insurance
Cash to close
down + ~4% costs
Cash flow
rent − all costs · /mo
Cap rate
NOI ÷ price
Cash-on-cash
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $2,800/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

1838 Diamond St sits on the 1800 block of Diamond St. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 1836 Diamond St  ·  1834 Diamond St

Where this comes from

Methodology & freshness

Available City datasets are queried from OpenDataPhilly (phl.carto.com), then reports are cached and refreshed on a rolling schedule. Source dates vary: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. Other dossiers re-pull on view once stale, and citywide benchmarks recompute weekly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)