3861 Fairmount Avenue
Philadelphia, PA, 19104 $ 739,000
Bedrooms7 Baths0.0 Monthly Estimate*
$ 5,104
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.
See more
FeaturesGeneralLiving 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
See more
InteriorHeating Fuel Electric
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N Y
See more
ExteriorPool 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
See more
* Excluded FeaturesList ByRe/Max Preferred - Cherry HillBroker
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Philadelphia, PA
Average List Price $527,035
Percent of Sale Price 29%
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.
4835660 Elementary School
4835659 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/20/2026 | $739,000 | | Listed Price |