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MLS: #PAPH2513724, Listed By: Ben Hooson-Jones, KW Empower, Source:Bright MLS

3861 Fairmount Avenue

PHILADELPHIA, PA 19104
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Bed 7

Bed

Bath 0

Bath

SqFt4,200

Sqft

Acres0.03

Acre(Lot)

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 bathroom s 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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Detail Ic Property Details

Property Type : Residential Income

Price : $770,000

AD Id : 67896621

MLS Id : PAPH2513724

Beds : 7

Lot Size : 0.03 Acre

Living Area Size : 4,200

Year Built : 2024

County : PHILADELPHIA

Subdivision: University City

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Feature Features

  • Bedroom Information

    Total beds: 7

    Room Information

    Has Basement: Yes Basement: Finished
  • Interior Features

    Appliances: Gas Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Central Air, Electric

  • Building Information

    Year Built: 2024 Building Area Total: 4200 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 16.00 x 90.00 Lot Size Acres: 0.03 Lot Size Source: Assessor Lot Size Square Feet: 1440

    Property Information

    Subdivision: UNIVERSITY CITY Source Property Type: Residential Income Postal Code Plus 4: 1819 Property SubType: Triplex Property Age: 2

  • Listing Price Information

    Listing Price: $770000

  • Tax Information

    Parcel Number: 243014800 Tax Lot: 183 Tax Year: 2024 Annual Tax: $657

  • Parking Information

    None

  • Location Information

    Direction: From N 39th turn onto Fairmount Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3101 Haverford Avenue, Philadelphia, PA, 19104 $650,000 5 -- 2,304 2,304 SqFt
3108 Haverford Avenue, Philadelphia, PA, 19104 $899,900 7 -- 1,998 1,998 SqFt
651 N 33rd Street, Philadelphia, PA, 19104 $699,900 4 -- 2,969 2,969 SqFt
500 N 34th Street, Philadelphia, PA, 19104 $900,000 7 -- 3,120 3,120 SqFt
3414 Spring Garden Street, Philadelphia, PA, 19104 $879,900 6 -- 3,214 3,214 SqFt
3424 Wallace Street, Philadelphia, PA, 19104 $650,000 4 -- 3,672 3,672 SqFt
3602 Powelton Avenue, Philadelphia, PA, 19104 $1,300,000 7 -- 3,150 3,150 SqFt
3627 Powelton Avenue, Philadelphia, PA, 19104 $985,000 6 -- 2,712 2,712 SqFt
623 N 36th Street, Philadelphia, PA, 19104 $925,000 6 -- 3,264 3,264 SqFt
3625 Spring Garden Street, Philadelphia, PA, 19104 $1,199,000 4 -- 4,000 4,000 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/18/2026 @ 22:51

MLS: PAPH2513724 LISTED BY: Ben Hooson-Jones, KW Empower 215-627-3500 SOURCE: Bright MLS

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