3861 Fairmount Ave, Philadelphia, PA 19104
Local realty services provided by:O'BRIEN REALTY ERA POWERED
3861 Fairmount Ave,Philadelphia, PA 19104
$770,000
- 7 Beds
- - Baths
- 4,200 sq. ft.
- Multi-family
- Active
Listed by: ben hooson-jones, asa kurland
Office: kw empower
MLS#:PAPH2513724
Source:BRIGHTMLS
Price summary
- Price:$770,000
- Price per sq. ft.:$183.33
About this home
FULLY RENTED CASH FLOWING HIGH CAP RATE, TAX ABATEMENT, HIGH CAP RATE 2 YEAR TENANTS AMAZING INVESTMENT TRIPLEX
Don’t miss this rare opportunity to own a fully rented, high-performing triplex in one of Philadelphia’s strongest rental corridors, just a short walk from Drexel University and the University of Pennsylvania. With strong in-place rental demand, a highly desirable unit mix, and the benefit of a tax abatement, this property checks the boxes investors are always looking for: cash flow, location, condition, and long-term upside.
This well-appointed triplex features three luxury, condo-style apartments with spacious layouts, modern finishes, rustic flooring, stainless steel appliances, generous bedroom sizes, and thoughtful design throughout. Unit 1 offers 3 bedrooms and 3 bathrooms with a private rear patio, giving tenants valuable outdoor space. Units 2 and 3 each feature 2 bedrooms and 2 bathrooms, with Unit 3 enjoying exclusive access to a private rooftop deck.
Each apartment includes an open-concept living area, upgraded kitchen, large bedrooms, ample closet space, en-suite bathrooms, in-unit washer and dryer, dedicated gas furnace, dedicated water heater, and separately metered gas and electric. That setup is exactly what investors want to see because it keeps operations clean and utility responsibility straightforward.
Ideally positioned for Drexel students, Penn students, medical professionals, university staff, and hospital employees, the property sits near Penn Presbyterian Hospital with convenient access to public transportation, Lancaster Avenue, cafes, restaurants, bars, boutiques, and neighborhood amenities. Fully rented with established tenants and located in a high-demand rental market, this is a strong opportunity for investors seeking a turnkey triplex with cash flow, tax advantages, and long-term rental strength....
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Home facts
- Year built:2024
- Listing ID #:PAPH2513724
- Added:316 day(s) ago
- Updated:May 21, 2026 at 01:41 PM
Rooms and interior
- Bedrooms: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
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$770,000
- Price per sq. ft.:$183.33
- Tax amount:$657 (2024)
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