USAPAPhiladelphiaUniversity City3861 Fairmount Ave
Listing image | Image 1

3861 Fairmount Ave, Philadelphia, PA

Townhouse

For Sale

Listed price in listed location currency (USD).
$759,000

770

MLS® PAPH2675924

  • Key Facts
  • Description
  • Map

Key Facts

Type Townhouse
Levels Residential
Size 4200 sqft
Garage 
Taxes $657
Days Active 13
Lot Size 0.03 Acres
Approx. Age 2024
Avg. Price Per Sqft $180
MLS® Number PAPH2675924

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

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

Description

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.
MLS® NumberPAPH2675924
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
3861 Fairmount Ave, Philadelphia, PA

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