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MLS: #PAPH2675924, Listed By: Haci Kose, RE/MAX Preferred - Cherry Hill, Source:Bright MLS

3861 Fairmount Avenue

PHILADELPHIA, PA 19104
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Bed 7

Bed

Bath 7

Bath

SqFt4,200

Sqft

Acres0.03

Acre(Lot)

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 Bedr ooms / 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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Detail Ic Property Details

Property Type : Residential

Price : $759,000

AD Id : 91597165

MLS Id : PAPH2675924

Beds : 7

Lot Size : 0.03 Acre

Living Area Size : 4,200 Sq. Ft

Tax Amount : $657

Year Built : 2024

County : PHILADELPHIA

Subdivision: University City

  • Map Map

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Total Baths: 7 Full Baths: 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 Postal Code Plus 4: 1819 Property SubType: Townhouse Levels: Three Or More Property Age: 2

  • Listing Price Information

    Listing Price: $759000

  • Tax Information

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

  • Parking Information

    None

  • Location Information

    Direction: use gps WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
416 N 31st Street, Philadelphia, PA, 19104 $600,000 6 2 1,350 0.04 Acre
3212 Winter Street, Philadelphia, PA, 19104 $600,000 6 2 1,660 0.03 Acre
3203 Pearl Street, Philadelphia, PA, 19104 $275,000 2 3 988 0.02 Acre
3205 Pearl Street, Philadelphia, PA, 19104 $275,000 3 2 1,026 0.02 Acre
3120 Haverford Avenue, Philadelphia, PA, 19104 $319,999 4 2 1,998 0.03 Acre
3210 Haverford Avenue, Philadelphia, PA, 19104 $329,000 5 2 1,624 0.02 Acre
3221 Haverford Avenue, Philadelphia, PA, 19104 $475,000 5 3 1,886 0.03 Acre
3219 Mount Vernon Street, Philadelphia, PA, 19104 $315,000 5 2 1,839 0.03 Acre
3433 Mount Vernon Street, Philadelphia, PA, 19104 $145,000 2 1 784 0.02 Acre
3602 Powelton Avenue, Philadelphia, PA, 19104 $1,200,000 7 6 3,150 0.07 Acre

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 10/02/2026 @ 12:42

MLS: PAPH2675924 LISTED BY: Haci Kose, RE/MAX Preferred - Cherry Hill 856-616-2626 SOURCE: Bright MLS

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