Residential Income Property with
For Sale
$675,000
1801 FAIRMOUNT AVENUE Unit 303, Philadelphia, PA 19130
Boutique condominium residence with designer finishes, elevator access, in-unit laundry, private outdoor space, and secure video entry.
Property Size1,355 SF
Days on Market60
Property Features for 1801 FAIRMOUNT AVENUE Unit 303
General Information
Standard status
Active
Size
1,355 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Amenities
in-unit laundry
central air
extra basement storage
secure video entry
double-wide welcoming lobby
Building Details
Building Size
1,355 SF
Year Built
2020
Listing Agency:
Keller Williams Liberty Place
(610) 606-1095
Listed By:
Ryan J McManus · License #RS316262
(610) 606-1095
Source:
Patmckennarealtors
Added: Jun 6
Changed: Jul 31
Last Checked: Aug 2 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Liberty Place
Investment Insights
Based on property information with market context.
Unit 303 is a 3-bedroom, 3-bathroom residence within a boutique 10-unit condominium completed in 2020. The open-concept living and dining area features wide-plank 8-inch engineered oak hardwood floors and connects to a chef’s kitchen with Namibian White Quartzite countertops, custom two-tone cabinetry, designer pendant lighting, and a full Bosch appliance package. Black-framed sliding glass doors open to a private balcony with composite decking, perforated steel panels, black metal railings, and open neighborhood views.
The primary suite includes an en-suite bath with a rain shower, while two additional bedrooms and bathrooms provide flexible living space. The residence also includes in-unit laundry, central air, extra basement storage, secure video entry, elevator access, and a double-wide lobby. A 10-year tax abatement is in place, and Comcast internet is included in the condo fees. The property is located at 1801 Fairmount Avenue in Philadelphia’s Fairmount neighborhood, near dining, cultural landmarks, and retail.
The primary suite includes an en-suite bath with a rain shower, while two additional bedrooms and bathrooms provide flexible living space. The residence also includes in-unit laundry, central air, extra basement storage, secure video entry, elevator access, and a double-wide lobby. A 10-year tax abatement is in place, and Comcast internet is included in the condo fees. The property is located at 1801 Fairmount Avenue in Philadelphia’s Fairmount neighborhood, near dining, cultural landmarks, and retail.
Key Highlights
- Unit 303 offers 3 bedrooms and 3 bathrooms in a 10‑unit condominium
- Completed in 2020 with open‑concept living and dining areas
- Private balcony with composite decking, perforated steel panels, and open neighborhood views
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $30.36 |
| − Vacancy | −$2.4k | −$1.76 |
| EGI | $38.8k | $28.60 |
| − OpEx | −$17.4k | −$12.87 |
| NOI | $21.3k | $15.73 |
1,355 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$304.5K
$266.4K – $355.2K
NOI $21,313 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$330.3K
$289.0K – $385.4K
NOI $23,123 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,093
Businesses Nearby
Explore this area
Business Placement
Demographics for 19130, PA
31,477
Population
18,178
Households
1.7
Avg Household Size
34
Median Age
78%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
26,231
Density / Sq Mi
$110,436
Median Household Income
$76,051
Median Earnings
$1,836
Median Rent
$483,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
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Frequently Asked Questions
What type of property is this?
Residential income property - Boutique condominium residence with designer finishes, elevator access, in-unit laundry, private outdoor space, and secure video entry.
Where is this residential income property located?
The property is located at 1801 FAIRMOUNT AVENUE Unit 303 Philadelphia, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Unit 303 offers 3 bedrooms and 3 bathrooms in a 10‑unit condominium; Completed in 2020 with open‑concept living and dining areas; Private balcony with composite decking, perforated steel panels, and open neighborhood views
