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$725,000
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Property Description
7 CAP INVESTOR ALERT!!!!!!! - 2427 Brown Street presents a prime location, fully leased, all residential triplex in the heart of Fairmount, one of Philadelphia's most desirable and consistently strong rental markets. This well-maintained, corner property, legally zoned 3-family dwelling spans approximately 2,800 square feet and features an efficient unit mix of two one-bedroom units and one two-bedroom unit, appealing to a broad tenant base. Unit 1 is a 1 bed / 1 bath currently rented for $1,838 per month with a lease expiration of 5/31/2027, Unit 2 is a 1 bed / 1 bath rented for $1,885 per month with a lease expiration of 5/31/2027, and Unit 3 is a 2 bed / 1 bath rented for $1,849 per month with a lease expiration of 5/31/2027, bringing the total gross monthly rent to $5,572. Each unit offers bright, open layouts with excellent natural light and the convenience of in-unit laundry, supporting strong tenant retention and long-term rental performance. The property is 100% occupied with stable tenancy in place, providing immediate cash flow with minimal turnover risk. Constructed of solid brick with a full basement, the building has been well cared for and operates with straightforward expenses, making it a true turnkey asset with additional upside potential. Located just steps from Fairmount Avenue, the Art Museum, and major Center City access points, the property benefits from exceptional walkability, consistent tenant demand, and strong long-term appreciation potential, making it an ideal acquisition for both seasoned investors and those looking to enter the multifamily market in a prime location.
Full Property Details
Full Property Details for 2427 Brown St
General
- Sold For: $725,000
- Taxes: $9,381 (2026)
- Status: Closed
- Type: Single Family
- Source: BrightMLSPhilly
- MLS ID: PAPH2611022
- Added to Site: 96 day(s) ago
Parking
- Parking Features: Public
- Parking Type: On Street
Location
- Area: 19130 (19130)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: ART MUSEUM AREA
- Cross Streets: Taylor Street
- Driving Directions: Between 24th and 25th. Corner of Taylor. Between Taylor and Ringgold.
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Other
- Structure Type: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Other
- Square Feet: 2,808
- Sq. Ft. Source: Estimated
- Living Area: 2,808 Sq. Ft.
- Finished Above Grnd: 2,808 Sq. Ft.
- Year Built: 1915
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 2, Unit 3
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,233
- Lot Size Source: Assessor
- Lot Dimensions: 18.00 x 69.00
- Zoning: CMX1
Financial Considerations
- Price Per Sq. Ft.: $258.19
- Assessment Year: 2026
- School Tax: $5,253
- City/TownTax: $4,127
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $670,200
- Tax Amount: $9,381
- Tax Year: 2026
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 2808
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 181
Listed by BHHS Fox & Roach-Center City Walnut, Frank L DeFazio
Sold by KW Empower, Sela Elizabeth Fallt
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Schools
Schools serving 2427 Brown St
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Bache-Martin School 2201 Brown Street, Philadelphia, PA 19130 | K-8 | 0.2 mi |
Franklin Benjamin High School 550 North Broad Street, Philadelphia, PA 19130 | 12-11 | 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 2427 Brown St
Date
Details
Price
Change
Source
6/12/2026
Sold
$725,000
—
MLS
4/21/2026
Listed
$725,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2427 Brown Street, Philadelphia, PA 19130 (MLS# PAPH2611022) is a Single Family property that was sold at $725,000 on June 12, 2026. Want to learn more about 2427 Brown Street? Do you have questions about finding other Single Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

