3861 Fairmount Avenue
Philadelphia, PA, 19104 $ 749,000
Bedrooms7 Baths7.0 Sq 4,200 Monthly Estimate*
$ 5,173
for $749,000 with 7 bedrooms and 7 full baths. This 4,200 square foot townhouse was built in 2024 on a lot size of 0.03.
FULLY LEASED TURNKEY TRIPLEX WITH HIGH CAP RATE & TAX ABATEMENT An exceptional opportunity to acquire a fully occupied, high-yielding multi-family property situated in a premier Philadelphia rental corridor, mere steps from Drexel University and the University of Pennsylvania. Boasting immediate cash flow, an advantageous tax abatement, and an ideal location near Penn Presbyterian Hospital, this asset delivers everything investors seek: strong yield, superior condition, and sustained appreciation potential. PROPERTY & UNIT HIGHLIGHTS This modern triplex offers three luxury, condo-grade apartments designed with open layouts, elevated finishes, rustic flooring, and modern kitchens with stainless steel appliances. Unit 1: 3 Bedrooms / 3 Bathrooms with a private rear patio. Unit 2: 2 Bedrooms / 2 Bathrooms. Unit 3: 2 Bedrooms / 2 Bathrooms with exclusive access to a private rooftop deck. INVESTOR-FRIENDLY UTILITIES & OPERATION Each residence is equipped with individual HVAC and water heating systems, in-unit laundry, en-suite bathrooms, and separate meters for gas and electricity. This independent utility setup minimizes operational overhead and simplifies management. LOCATION & DEMAND Located within walking distance of higher education institutions, medical centers, public transit, and the dining, retail, and nightlife along Lancaster Avenue, this property maintains strong tenant demand among students, faculty, and healthcare professionals. Fully tenanted with a 2-year history of reliability, this turnkey investment provides immediate income, tax benefits, and long-term stability.
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FeaturesGeneralLiving Area 4200
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning RSA5
Architectural Style Straight Thru
Construction Materials Mixed
School District THE SCHOOL DISTRICT OF PHILADELPHIA
Year Built 2024
Levels 3
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction N
Property Type Residential
HOA N
Subdivision Name UNIVERSITY CITY
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Full Baths 7
Status ACTIVE
Directions use gps
City PHILADELPHIA
Senior Community Y/N N
MLS Area 19104 (19104)
Lot Size Units Square Feet
Lot Size Square Feet 1440.00
Tax Annual Amount 657.0
Property Condition Excellent
Structure Type Interior Row/Townhouse
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 3
Bathrooms Count Main Level 3.00
Price Per Sq Ft Total AG 178.33
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 183
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InteriorHeating Fuel Natural Gas
Basement Fully Finished
Hot Water Natural Gas
Basement (Y/N) Y
Heating Y/N Y
Above Grade Finished Area 4200
Half Baths 0
Central Air Y/N Y
Total Bedrooms 7
Below Grade Finished Area 0
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 7
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ExteriorPool No Pool
Water Source Public
Type of Parking None
Foundation Details Other
Water View Y/N N
Lot Dimensions 16.00 x 90.00
Lot Size Acres 0.03
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 47000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByRe/Max Preferred - Cherry HillBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,173
- Monthly Property Taxes
- $55
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTownhouse listings in Philadelphia, PA
Average List Price $334,137
Percent of Sale Price 55%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $749,000 | -1.32% | Price Down |
| 9/30/2026 | $759,000 | | Listed Price |