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.
For sale
$759,000
3861 Fairmount Ave, Philadelphia, PA 19104
7beds
4,200sqft
Townhouse
Built in 2024
1,440 Square Feet Lot
$-- Zestimate®
$181/sqft
$-- HOA
What's special
Private rear patioLuxury condo-grade apartmentsIn-unit laundryElevated finishesOpen layoutsRustic flooringEn-suite bathrooms
- 4 days
- 54
- 4
Zillow last checked:
Listing updated:
Listed by:
Haci Kose 856-246-7408,
RE/MAX Preferred - Cherry Hill 8566162626
Source: Bright MLS,MLS#: PAPH2675924
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
- Full bathrooms: 7
- Main level bathrooms: 3
- Main level bedrooms: 3
Basement
- Area: 0
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Gas Water Heater
Features
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 4,200
- Total interior livable area: 4,200 sqft
- Finished area above ground: 4,200
- Finished area below ground: 0
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Three
- Stories: 3
- Pool features: None
Lot
- Size: 1,440 Square Feet
- Dimensions: 16.00 x 90.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 243014800
- Zoning: RSA5
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Straight Thru
- Property subtype: Townhouse
Materials
- Mixed
- Foundation: Other
Condition
- Excellent
- New construction: No
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: University City
HOA
- Has HOA: No
Location
- Region: Philadelphia
- Municipality: PHILADELPHIA
Financial & listing details
- Price per square foot: $181/sqft
- Tax assessed value: $47,000
- Annual tax amount: $657
- Date on market: 9/30/2026
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,736/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Listed for sale | $759,000-8%$181/sqft |
Source: | ||
| 8/24/2026 | Listing removed | $825,000$196/sqft |
Source: | ||
| 8/17/2026 | Price change | $825,000+10.1%$196/sqft |
Source: | ||
| 7/22/2026 | Price change | $749,000-2.1%$178/sqft |
Source: | ||
| 6/18/2026 | Price change | $765,000-0.6%$182/sqft |
Source: | ||
| 4/29/2026 | Listed for sale | $770,000-0.6%$183/sqft |
Source: | ||
| 4/10/2026 | Listing removed | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 4/7/2026 | Listed for rent | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 2/6/2026 | Listing removed | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 9/23/2025 | Price change | $775,000-3%$185/sqft |
Source: | ||
| 9/6/2025 | Listed for rent | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 7/8/2025 | Listed for sale | $799,000-9.2%$190/sqft |
Source: | ||
| 4/16/2025 | Listing removed | $880,000$210/sqft |
Source: | ||
| 4/8/2025 | Price change | $880,000+6.7%$210/sqft |
Source: | ||
| 2/27/2025 | Listed for sale | $825,000$196/sqft |
Source: | ||
| 2/26/2025 | Listing removed | $825,000$196/sqft |
Source: | ||
| 2/26/2025 | Price change | $825,000-2.4%$196/sqft |
Source: | ||
| 2/16/2025 | Price change | $845,000-1.2%$201/sqft |
Source: | ||
| 2/2/2025 | Price change | $855,000-1.2%$204/sqft |
Source: | ||
| 11/6/2024 | Listed for sale | $865,000-1.1%$206/sqft |
Source: | ||
| 8/25/2024 | Listing removed | $875,000$208/sqft |
Source: | ||
| 8/6/2024 | Price change | $875,000-0.6%$208/sqft |
Source: | ||
| 6/22/2024 | Price change | $880,000-0.6%$210/sqft |
Source: | ||
| 5/24/2024 | Price change | $885,000-0.6%$211/sqft |
Source: | ||
| 4/23/2024 | Listed for sale | $890,000+1383.3%$212/sqft |
Source: | ||
| 3/17/2021 | Sold | $60,000+50%$14/sqft |
Source: Public Record Report a problem | ||
| 7/3/2019 | Sold | $40,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $658 +38.6% | $47,000 +38.6% |
| 2024 | $475 | $33,900 |
| 2023 | $475 +169.1% | $33,900 |
| 2022 | $176 | -- |
| 2021 | $176 | -- |
| 2018 | $176 | -- |
| 2017 | $176 | -- |
| 2016 | $176 | -- |
| 2015 | $176 | -- |
| 2014 | $176 +75.5% | $7,500 +172.5% |
| 2012 | $101 | $2,752 |
| 2011 | -- | $2,752 |
| 2010 | -- | $2,752 |
| 2009 | -- | $2,752 |
| 2008 | -- | $2,752 +681.8% |
| 2007 | -- | $352 +10% |
| 2006 | -- | $320 |
| 2005 | -- | $320 |
| 2004 | -- | $320 |
| 2003 | -- | $320 |
| 2002 | -- | $320 |
| 2000 | -- | $320 |
| 1999 | -- | $320 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Mantua
Nearby schools
Schools provided by the listing agent
- District: The School District Of Philadelphia
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







