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 Market71
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
Changed: Aug 19
Last Checked: Oct 14 at 8:06AM
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.
This 1920 three-story triplex contains 2,200 square feet across three separate residential units. The first-floor residence includes two bedrooms and two full bathrooms, while the second- and third-floor apartments each have one bedroom and one full bathroom. The building has masonry and block construction, heat pump heating, central air, and on-street parking. A basement is also included.
The property is located at 1820 Fairmount Avenue in Philadelphia’s Fairmount neighborhood, near Center City, restaurants, shops, public transportation, the Parkway Museums District, and Fairmount parks and recreational attractions. Nearby cultural destinations named for the property include the Philadelphia Museum of Art, Barnes Foundation, Franklin Institute, and Eastern State Penitentiary. The sale is offered in as-is condition, and the apartments are tenant-occupied.
The property is located at 1820 Fairmount Avenue in Philadelphia’s Fairmount neighborhood, near Center City, restaurants, shops, public transportation, the Parkway Museums District, and Fairmount parks and recreational attractions. Nearby cultural destinations named for the property include the Philadelphia Museum of Art, Barnes Foundation, Franklin Institute, and Eastern State Penitentiary. The sale is offered in as-is condition, and the apartments are tenant-occupied.
Key Highlights
- Three‑story triplex with three separate residential units
- 2,200 square feet of building area on a 0.03‑acre lot
- First‑floor unit has 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,543
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Tenant-occupied masonry property with three separate residential units.
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‑story triplex with three separate residential units; 2,200 square feet of building area on a 0.03‑acre lot; First‑floor unit has 2 bedrooms and 2 full bathrooms
