3861 Fairmount Ave, Philadelphia, PA 19104
Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
3861 Fairmount Ave,Philadelphia, PA 19104
$759,000
- 7 Beds
- 7 Baths
- 4,200 sq. ft.
- Townhouse
- Active
Listed by: haci r kose
Office: re/max preferred - cherry hill
MLS#:PAPH2675924
Source:BRIGHTMLS
Price summary
- Price:$759,000
- Price per sq. ft.:$180.71
About this home
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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Home facts
- Year built:2024
- Subdivision & Development:UNIVERSITY CITY
- Listing ID #:PAPH2675924
- Added:9 day(s) ago
- Updated:October 10, 2026 at 02:03 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:7
- Full bathrooms:7
- Basement:Yes
- Basement Description:Fully Finished
- Living area:4,200 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:2024
- Building area:4,200 sq. ft.
- Lot area:0.03 Acres
- Architectural Style:Straight Thru
- Levels:3 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$759,000
- Price per sq. ft.:$180.71
- Tax amount:$657 (2024)
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