3861 Fairmount Ave
Description
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,...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.
- Listed by Ben Hooson-Jones • KW EmpowerP: (610)-368-9041 ben@mccannteam.com
- Listed by Asa Kurland • KW EmpowerP: (267)-388-1114 asa@mccannteam.com
Property Details for 3861 Fairmount Avenue
Property Details for 3861 Fairmount Avenue
| Status | Active |
|---|---|
| MLS # | PAPH2513724 |
| Days on Market | 322 |
| Taxes | $657 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 2024 |
| Lot Size | 0.03 AC / 1,440 SF |
| County | Philadelphia County |
Location
Building Information for 3861 Fairmount Avenue
Payment Calculator
$3,892 per month
30 year fixed, 6.36% Interest
$3,837
$55
$0
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1Property Information for 3861 Fairmount Avenue
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19104 (19104)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $47,000
- Year Assessed: 2025
- County Tax: $0
- Improvement Assessed Value: $0
- City Town Tax: $289
- Land Assessed Value: $47,000
- Clean Green Assessed: No
- Land Use Code: SR
- Zoning: RSA5
- Tax Lot: 183
- School Tax: $368
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 1
- Other Units: Unit 1,Unit 2,Unit 3
- Type: Unit 1
- Beds Total: 3
- Full Baths Count: 3
- Type: Unit 2
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Full Baths Count: 2
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Full Baths Count: 2
- Building Units Total: 3
- Total Finished SQFT: 4,200.00
- Total Finished SQFT Source: Estimated
- Tax Total Finished SQFT: .00
- Total SQFT: 4,200.00
- Total SQFT Source: Estimated
- Construction Materials: Mixed
- Basement Type: Fully Finished
- Foundation Details: Other
- Other Structure: Above Grade, Below Grade
- Lot Size Source: Assessor
- Lot Size Dimensions: 16.00 x 90.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1028892
- Type Of Parking: None
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Property History for 3861 Fairmount Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 29, 2026 | Price Change BRIGHT #PAPH2513724 | $770,000 | — |
| Sep 23, 2025 | Price Change BRIGHT #PAPH2513724 | $775,000 | — |
| Aug 31, 2025 | Expired BRIGHT #PAPH2449728 | — | |
| Jul 8, 2025 | Listed (Active) BRIGHT #PAPH2513724 | $799,000 | — |
| May 31, 2025 | Expired BRIGHT #PAPH2417566 | — | |
| Apr 15, 2025 | Withdrawn BRIGHT #PAPH2449728 | — | |
| Apr 8, 2025 | Price Change BRIGHT #PAPH2449728 | $880,000 | — |
| Feb 27, 2025 | Listed (Active) BRIGHT #PAPH2449728 | $825,000 | — |
| Feb 26, 2025 | Withdrawn BRIGHT #PAPH2417566 | — | |
| Feb 26, 2025 | Price Change BRIGHT #PAPH2417566 | $825,000 | — |
| Feb 16, 2025 | Price Change BRIGHT #PAPH2417566 | $845,000 | — |
| Feb 2, 2025 | Price Change BRIGHT #PAPH2417566 | $855,000 | — |
| Nov 6, 2024 | Listed (Active) BRIGHT #PAPH2417566 | $865,000 | — |
| Sep 30, 2024 | Expired BRIGHT #PAPH2313704 | — | |
| Aug 6, 2024 | Price Change BRIGHT #PAPH2313704 | $875,000 | — |
| Jun 22, 2024 | Price Change BRIGHT #PAPH2313704 | $880,000 | — |
| May 23, 2024 | Price Change BRIGHT #PAPH2313704 | $885,000 | — |
| Apr 22, 2024 | Price Change BRIGHT #PAPH2313704 | $890,000 | — |
| Feb 28, 2024 | Price Change BRIGHT #PAPH2313704 | $895,000 | — |
| Jan 27, 2024 | Price Change BRIGHT #PAPH2313704 | $900,000 | — |
| Jan 17, 2024 | Listed (Active) BRIGHT #PAPH2313704 | $925,000 | — |
| Feb 3, 2021 | Closed (Public Record) Public Record #693394731 | $60,000 | — |
| Feb 3, 2021 | Closed (Public Record) Public Record #1455162306 | $60,000 | — |
| Jan 3, 2021 | Withdrawn BRIGHT #PAPH941430 | — | |
| Oct 2, 2020 | Listed (Active) BRIGHT #PAPH941430 | $57,500 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/29/2026 | Price Change BRIGHT #PAPH2513724 | $770,000 |
| 09/23/2025 | Price Change BRIGHT #PAPH2513724 | $775,000 |
| 08/31/2025 | Expired BRIGHT #PAPH2449728 | — |
| 07/08/2025 | Listed (Active) BRIGHT #PAPH2513724 | $799,000 |
| 05/31/2025 | Expired BRIGHT #PAPH2417566 | — |
| 04/15/2025 | Withdrawn BRIGHT #PAPH2449728 | — |
| 04/08/2025 | Price Change BRIGHT #PAPH2449728 | $880,000 |
| 02/27/2025 | Listed (Active) BRIGHT #PAPH2449728 | $825,000 |
| 02/26/2025 | Withdrawn BRIGHT #PAPH2417566 | — |
| 02/26/2025 | Price Change BRIGHT #PAPH2417566 | $825,000 |
| 02/16/2025 | Price Change BRIGHT #PAPH2417566 | $845,000 |
| 02/02/2025 | Price Change BRIGHT #PAPH2417566 | $855,000 |
| 11/06/2024 | Listed (Active) BRIGHT #PAPH2417566 | $865,000 |
| 09/30/2024 | Expired BRIGHT #PAPH2313704 | — |
| 08/06/2024 | Price Change BRIGHT #PAPH2313704 | $875,000 |
| 06/22/2024 | Price Change BRIGHT #PAPH2313704 | $880,000 |
| 05/23/2024 | Price Change BRIGHT #PAPH2313704 | $885,000 |
| 04/22/2024 | Price Change BRIGHT #PAPH2313704 | $890,000 |
| 02/28/2024 | Price Change BRIGHT #PAPH2313704 | $895,000 |
| 01/27/2024 | Price Change BRIGHT #PAPH2313704 | $900,000 |
| 01/17/2024 | Listed (Active) BRIGHT #PAPH2313704 | $925,000 |
| 02/03/2021 | Closed (Public Record) Public Record #693394731 | $60,000 |
| 02/03/2021 | Closed (Public Record) Public Record #1455162306 | $60,000 |
| 01/03/2021 | Withdrawn BRIGHT #PAPH941430 | — |
| 10/02/2020 | Listed (Active) BRIGHT #PAPH941430 | $57,500 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 3861 Fairmount Avenue
Schools near 3861 Fairmount Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mcmichael Morton School PublicPK to 8 | ||
West Philadelphia High School Public9 to 12 | ||
Philadelphia Learning Academy - South Public9 to 12 | ||
School Of The Future Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of KW Empower
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.