3861 Fairmount Avenue Philadelphia, PA $ 749,000
3861 Fairmount Avenue
$ 749,000
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3861 Fairmount Avenue

Philadelphia, PA, 19104
$ 749,000
Bedrooms7 Baths7.0 Sq 4,200

Monthly Estimate*

$ 5,173

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Townhouse for sale in Philadelphia, PA

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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Townhouse Active

Price

$ 749,000

Bedrooms

7

Full Bath

7

Property Type

Townhouse

Taxes

$ 657

Style

Straight Thru

Lot Size

0.03

Year Built

2024

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2675924

Features
General
Living 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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Interior
Heating 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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Exterior
Pool 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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Internal Only
Street Number 1 3861
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* Excluded Features
List By
Re/Max Preferred - Cherry Hill

Broker

teamkose@gmail.com

Email

Affordability Calculator

$5,228
Per Month
99%
1%
0%
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.
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Nearby
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2026$749,000 -1.32% Price Down
9/30/2026$759,000 Listed Price

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3861 Fairmount Avenue, Philadelphia, PA, 19104 is a Townhouse for sale at $749,000 with 4,200 sqft and a lot size of 0.03. 3861 Fairmount Avenue has 7 bedrooms, 7.0 baths, and was built in 2024. The property's zip code is 19104 which is in Philadelphia, PA