1507 Fairmount Avenue, Philadelphia, PA 19130 - Photo 1

1/1

$1,050,000

Sold
Closed
Apartment

1/1

Property Description

1507 Fairmount Ave., a 5-unit apartment building in the heart of Fairmount. The property was fully renovated in 2011, featuring new kitchens with stainless steel appliances, granite counters & new cabinets; tile surround baths; new flooring throughout; and all new systems. The unit mix consists of (2) 2 bed/ 1 bath units and (3) 1 bed/ 1 bath units, all of which are self-contained. The property presents a turn-key investment opportunity with a value-add play as there is room to increase the rents. Located in the Fairmount section of Philadelphia, the site is in a very desirable area with easy access to Center City, the Art Museum, I-676, and public transportation via the Broad St line and many bus routes. Over the past couple of years Fairmount has experienced a tremendous amount of development, with new apartments and new retailers coming to the bustling commercial corridors of N. Broad St., Spring Garden St., and Fairmount Ave.

Full Property Details

Full Property Details for 1507 Fairmount Ave

General

Sold For: $1,050,000
Taxes: $9,637 (2025)
Status: Closed
Type: Apartment
Source: BrightMLSPhilly
MLS ID: PAPH2525872
Added to Site: 239 day(s) ago

Business

Business Type: Apartment Building

Parking

Parking Type: None

Location

Area: 19130 (19130)
Municipality: PHILADELPHIA
County: PHILADELPHIA
Driving Directions: Fairmount

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Central
Heating Fuel: Central
Water Heater: Electric

Utilities

Sewer: Private Sewer, Public Sewer
Water: Public

Structural Information

Construction: Masonry
Building Size: 2985
Year Built: 1920
Year Built Source: Assessor

Unit Information

# Tenants: Multiple
Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1

Lot Features

Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,834
Lot Size Source: Assessor
Lot Dimensions: 23.00 x 82.00
Zoning: RM1

Financial Considerations

Price Per Sq. Ft.: $368.51
Assessment Year: 2025
School Tax: $5,397
City/TownTax: $4,240
City/TownTax Freq: Annually
County Tax Freq: Annually
Tax w/Assessment: $688,500
Tax Amount: $9,637
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 154

Listed by Mallin Panchelli Nadel Realty Inc, Nadia T Bilynsky
Sold by Scope Commercial Real Estate Services, Inc., Joseph M. Loonstyn Jr.

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Listing agent

— 1507 Fairmount Ave —

Nadia T Bilynsky

Mallin Panchelli Nadel Realty Inc

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Schools

Schools serving 1507 Fairmount Ave

School District:Philadelphia City School District

Name	Grades	Distance
Waring Laura W School 1801 Green Street, Philadelphia, PA 19130	K-8	0.3 mi
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130	12-11	0.3 mi
Vaux HS: A Big Picture School 2300 Master Street, Philadelphia, PA 19121	12-	0.9 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1507 Fairmount Ave

Date

Details

Price

Change

Source

12/15/2025

Sold

$1,050,000

-4.55%

MLS

8/08/2025

Listed

$1,100,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1507 Fairmount Avenue, Philadelphia, PA 19130 (MLS# PAPH2525872) is a Apartment property that was sold at $1,050,000 on December 15, 2025. Want to learn more about 1507 Fairmount Avenue? Do you have questions about finding other Apartment real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

1507 Fairmount Ave Philadelphia, PA 19130