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$269,900
Property Description
Incredible shovel-ready development opportunity in the Temple University/Old Kensington corridor. This double lot at 508-510 Diamond Street is being offered with approved plans and permits for four residential units, allowing you to bypass the lengthy zoning and approval process and start construction immediately. The property is surrounded by ongoing redevelopment and new construction, with strong rental demand from both Temple University and the surrounding neighborhoods. With close proximity to public transportation, major access routes, and the growing amenities of Old Kensington and Fishtown, this site offers excellent potential for long-term value and cash flow. Ideal for builders or investors seeking a fully entitled project in one of Philadelphia's fastest-growing markets.
Full Property Details
Full Property Details for 508 Diamond St
General
- Price: $269,900
- Taxes: $2,838 (2025)
- Status: Active
- Type: Lots/Land
- Source: BrightMLSPhilly
- MLS ID: PAPH2595308
- Updated: 3/17/2026
- Added to Site: 18 day(s) ago
Location
- Area: 19122 (19122)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: NORRIS SQUARE
- Driving Directions: N. 5th and Diamond Sts
School Information
- School District: The School District Of Philadelphia
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Current Bldg. Use: Land/Lot Only
Lot Features
- Lot Size (Acres): 0.02
- Lot Size (Sq. Ft.): 720
- Lot Size Source: Assessor
- Lot Dimensions: 24.00 x 60.00
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $374.86
- Assessment Year: 2026
- School Tax: $794
- City/TownTax: $624
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $101,400
- Tax Amount: $2,838
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Multiple Parcels: Yes
- Lot Number: 53
Listed by Keller Williams Main Line, nabila baba alaoui-jackson and KW Empower, Michael R. McCann
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Schools
Schools serving 508 Diamond St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Mckinley William School 2101 North Orkney Street, Philadelphia, PA 19122 | K-8 | 0.1 mi |
Kensington Creative & Performing Arts High School 1901 North Front Street, Philadelphia, PA 19122 | 9-12 | 0.6 mi |
Kensington Culinary Arts 2463 Emerald Street, Philadelphia, PA 19125 | 9-12 | 0.8 mi |
Kensington HS 2501 Coral Street, Philadelphia, PA 19125 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 508 Diamond St
Date
Details
Price
Change
Source
3/17/2026
Listed
$269,900
770.65%
MLS
7/27/2018
Sold
$31,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 508 Diamond St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,419
—
$101,400
—
2024
$1,419
2389%
$101,400
100%
2021
$57
-93%
-100%
2023
$858
1405%
$61,300
1395%
2020
$57
—
$4,100
—
2019
$57
—
$4,100
—
2018
$57
—
$4,100
—
2017
$57
—
$4,100
—
2016
$57
4%
$4,100
—
2015
$55
—
$4,100
—
2014
$55
-94%
$4,100
-54%
2013
$875
—
$8,960
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 508 Diamond St
508 Diamond Street, Philadelphia, PA 19122 (MLS# PAPH2595308) is a Lots/Land property with a lot size of 0.02 acres. 508 Diamond Street is currently listed for $269,900 and was received on March 17, 2026. Want to learn more about 508 Diamond Street? Do you have questions about finding other Lots/Land real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.
