Three-Unit
For Sale
$785,000
1820 FAIRMOUNT Avenue, Philadelphia, PA 19130
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,200 SF
Lot Size0.03 Acres
Price / SF$356.82
Days on Market8
Property Features for 1820 FAIRMOUNT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
On Street
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,200 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9983
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1920
Number of units
3
Building materials
Masonry, Block
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 641-2727
Listed By:
Jocelyn Schermerhorn · License #RS341642
(215) 768-2315
Added: Aug 5
Last Checked: Aug 12 at 1:06AM
MLS# PAPH2656226
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1920, this 2,200-square-foot triplex contains three residential apartments across three stories. The first-floor unit includes two bedrooms and two full bathrooms; the second- and third-floor units each provide one bedroom and one full bathroom. Masonry and block construction, a heat pump, central air, and a basement complete the physical profile. The property is being offered in as-is condition and is currently tenant occupied.
Located at 1820 Fairmount Avenue in Philadelphia’s Fairmount neighborhood, the property is near Center City, neighborhood restaurants and shops, public transportation, the Parkway Museums District, and Fairmount parks. The Philadelphia Museum of Art, Barnes Foundation, Franklin Institute, and Eastern State Penitentiary are also identified in the surrounding area.
Located at 1820 Fairmount Avenue in Philadelphia’s Fairmount neighborhood, the property is near Center City, neighborhood restaurants and shops, public transportation, the Parkway Museums District, and Fairmount parks. The Philadelphia Museum of Art, Barnes Foundation, Franklin Institute, and Eastern State Penitentiary are also identified in the surrounding area.
Key Highlights
- Three residential units in a three‑story configuration
- 2,200 square feet on a 0.03‑acre lot
- First‑floor apartment has 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,543
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,860
$750.9K
Cap Rate 7%
$536,329
$536.3K
Cap Rate 9%
$417,144
$417.1K
Market Conditions
NOI Build-Up for 2,200 SF
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.
Gross rent
$56.8K $25.80/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$53.6K $24.38/SF
− OpEx
−$16.1K −$7.31/SF
NOI
$37.5K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,860
Cap Rate 7%
$536,329
Cap Rate 9%
$417,144
Alternative Uses
Best Use
Multifamily LT 5
$536.3K
$469.3K – $625.7K
NOI $37,543 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$494.4K
$432.6K – $576.8K
NOI $34,605 @ 7.0% cap · market cap 4.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,045
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied residential property with three separate apartments and on-street parking.
Where is this triplex located?
The property is located at 1820 FAIRMOUNT Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Three residential units in a three‑story configuration; 2,200 square feet on a 0.03‑acre lot; First‑floor apartment has 2 bedrooms and 2 full bathrooms
