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Property Description

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.

Overview

Property Status
For Sale
Lot Size
1,440 Sq.Ft.
MLS ID
PAPH2513724
Property Type
Multi-Family
Year Built
2024

Features & Amenities

Total Area
4,200 Sq.Ft.
Architecture Styles
Straight Thru
Water Source
Public
Pool
None
Parking
None
Heat Type
Natural Gas, Forced Air
Air Conditioning
Central Air, Electric
Appliances
Gas Water Heater
Sewer
Public Sewer
Substructure
Other
School District
THE SCHOOL DISTRICT OF PHILADELPHIA
Sales Price
$770,000
Real Estate Tax
$657/yr
Zoning
RSA5

Downloads

3861 Fairmount Ave

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for your interest in 3861 FAIRMOUNT AVENUE, PHILADELPHIA, PA 19104

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3861 Fairmount Ave

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  • CallBen Hooson-Jones

    License #RS341171

    (610) 368-9041
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