3861 Fairmount Avenue Philadelphia, PA $ 739,000
3861 Fairmount Avenue
$ 739,000
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3861 Fairmount Avenue

Philadelphia, PA, 19104
$ 739,000
Bedrooms7 Baths0.0

Monthly Estimate*

$ 5,104

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Multi-Family Home for sale in Philadelphia, PA

for $739,000 with 7 bedrooms. This home was built in 2024.

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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Multi-Family Active

Price

$ 739,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 657

Style

Year Built

2024

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2682788

Features
General
Living Area 4200
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning MULTI-FAMILY
Architectural Style Other
Construction Materials Other
School District PHILADELPHIA CITY
Year Built 2024
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility Other
County PHILADELPHIA
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE
Directions use gps
City PHILADELPHIA
Number Of Units Total 3
MLS Area 19104 (19104)
Lot Size Units Square Feet
Lot Size Square Feet 0.00
Tax Annual Amount 657.0
Two Bedroom 2
Structure Type Detached
Price Per Sq Ft Total AG 175.95
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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Interior
Heating Fuel Electric
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
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Exterior
Pool No Pool
Water Source Public
Type of Parking None
Foundation Details Other
Water View Y/N N
Lot Size Acres 0.00
Lot Size Source Estimated
Waterfront Y/N N
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

$5,159
Per Month
99%
1%
0%
Monthly Principal & Interest
$5,104
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
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/20/2026$739,000 Listed Price

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3861 Fairmount Avenue, Philadelphia, PA, 19104 is a Multi-Family Home for sale at $739,000. 3861 Fairmount Avenue has 7 bedrooms, 0.0 baths, and was built in 2024. The property's zip code is 19104 which is in Philadelphia, PA