No photo available
$759,000 Just Listed
Property 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.
Full Property Details
Full Property Details for 3861 Fairmount Ave
General
- Price: $759,000
- Taxes: $657 (2024)
- Status: Active
- Type: Townhouse
- Source: BrightMLSPhilly
- MLS ID: PAPH2675924
- Updated: 9/30/2026
- Added to Site: 5 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 7
- Upper 2 - Full Baths: 2
- Upper Floor Baths: 4
- Upper - Full Baths: 4
- Main Floor Baths: 3
- Main - Full Baths: 3
Bedrooms
- Total Bedrooms: 7
- Bedrooms Upper: 4
- Bedrooms-Up2: 2
- Bedrooms Main & Up: 3
Parking
- Parking Type: None
Location
- Area: 19104 (19104)
- Municipality: PHILADELPHIA
- County: PHILADELPHIA
- Subdivision: UNIVERSITY CITY
- Driving Directions: use gps
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Straight Thru
- Structure Type: Interior Row/Townhouse
- Construction: Mixed
- Basement: Yes
- Basement Desc.: Fully Finished
- Foundation: Other
- Stories Description: Main, Upper 1, Upper 2
- Square Feet: 4,200
- Sq. Ft. Source: Assessor
- Living Area: 4,200 Sq. Ft.
- Finished Above Grnd: 4,200 Sq. Ft.
- Year Built: 2024
- Year Built Source: Assessor
- Property Condition: Excellent
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,440
- Lot Size Source: Assessor
- Lot Dimensions: 16.00 x 90.00
- Zoning: RSA5
Financial Considerations
- Price Per Sq. Ft.: $180.71
- Assessment Year: 2025
- School Tax: $368
- City/TownTax: $289
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $47,000
- Tax Amount: $657
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 183
Listed by RE/MAX Preferred - Cherry Hill, Haci R Kose
Get Pre-Approved Today
Schools
Schools serving 3861 Fairmount Ave
School District:Philadelphia City School District
| Name | Grades | Distance |
|---|---|---|
Mcmichael Morton School 3543 Fairmount Avenue, Philadelphia, PA 19104 | K-8 | 0.3 mi |
West Philadelphia High School 4901 Chestnut Street, Philadelphia, PA 19139 | 9-12 | 1.1 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 3861 Fairmount Ave
Date
Details
Price
Change
Source
9/30/2026
Listed
$759,000
1165%
MLS
2/03/2021
Sold
$60,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3861 Fairmount Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$658
—
$896,800
1808%
2025
$658
—
$47,000
—
2024
$658
39%
$47,000
39%
2023
$475
186%
$33,900
100%
2022
$166
-6%
-100%
2020
$176
—
$12,600
—
2019
$176
—
$12,600
—
2018
$176
—
$12,600
—
2017
$176
68%
$12,600
68%
2016
$105
5%
$7,500
—
2015
$100
—
$7,500
—
2014
$100
-63%
$7,500
173%
2013
$269
—
$2,752
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3861 Fairmount Ave
3861 Fairmount Avenue, Philadelphia, PA 19104 (MLS# PAPH2675924) is a Townhouse property with 7 bedrooms and 7 full bathrooms. 3861 Fairmount Avenue is currently listed for $759,000 and was received on September 30, 2026. Want to learn more about 3861 Fairmount Avenue? Do you have questions about finding other Townhouse real estate for sale in Center City East? You can browse all Center City East real estate or contact a Coldwell Banker agent to request more information.
