USAPAPhiladelphiaUniversity City3861 Fairmount Ave

$825,000

For Sale

A year ago

3861 Fairmount Ave, Philadelphia, PA

Name: 3861 Fairmount Ave, For Sale in Philadelphia - eXp Realty
Brand: KW Empower
SKU: PAPH2513724
Price: 825000 USD

House

MLS® PAPH2513724

0 Bed

0 Bath

4200 sqft

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 4200 sqft

Garage

Taxes $657

Days Active 460

Lot Size 0.03 Acres

Approx. Age 2024

Avg. Price Per Sqft $196

MLS® Number PAPH2513724

Property Address: 3861 Fairmount Ave, PHILADELPHIA, PA, 19104-1819

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberPAPH2513724

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2024

BasementFully Finished

DrivewayNone

Garage Spaces

HeatForced Air, Natural Gas

A/CCentral A/C, Electric

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 30, 2026List Date

$759,000List Price

-End Date

Not Sold YetSold Price

For Sale

Jul 8, 2025List Date

$825,000List Price

Commute

Commute

Starting Address

Destination Address

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