Two-Bedroom Residential Income
For Sale
$315,000
1914 FAIRMOUNT AVENUE Unit 2, Philadelphia, PA 19130
Condominium residence offers a private primary bath, in-unit laundry, appliance-equipped galley kitchen, and shared rooftop access.
Property Size800 SF
Days on Market12
Property Features for 1914 FAIRMOUNT AVENUE Unit 2
General Information
Standard status
Active
Size
800 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,255
Amenities
rooftop deck
in-unit laundry
Building Details
Building Size
800 SF
Year Built
1900
Listing Agency:
KW Empower
(610) 908-9391
Listed By:
Edward J Foy Jr. · License #RS331193
(610) 908-9391
Source:
Patmckennarealtors
Added: Jul 24
Changed: Aug 4
Last Checked: Aug 4 at 4:17AM
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 KW Empower
Investment Insights
Based on property information with market context.
Unit 2 at 1914 Fairmount Avenue is a two-bedroom, two-bath condominium built in 1900. The interior includes 10-foot ceilings, hardwood flooring, fresh paint, and an open arrangement connecting the living and dining areas. A galley kitchen is equipped with a range, dishwasher, and refrigerator. The primary bedroom includes a private bathroom, while laundry is located within the unit. Residents also have access to a shared rooftop deck with city views.
The property is in Philadelphia’s Art Museum neighborhood along Fairmount Avenue, near restaurants, cafes, museums, Kelly Drive, Whole Foods, Target, Tela’s Market, and public transportation.
The property is in Philadelphia’s Art Museum neighborhood along Fairmount Avenue, near restaurants, cafes, museums, Kelly Drive, Whole Foods, Target, Tela’s Market, and public transportation.
Key Highlights
- Two‑bedroom, two‑bath condominium at 1914 Fairmount Avenue Unit 2
- 10‑foot ceilings with hardwood floors and fresh paint
- Open living and dining areas connected to a galley kitchen
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 | $24.3k | $30.36 |
| − Vacancy | −$1.4k | −$1.76 |
| EGI | $22.9k | $28.60 |
| − OpEx | −$10.3k | −$12.87 |
| NOI | $12.6k | $15.73 |
800 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$195.0K
$170.7K – $227.5K
NOI $13,652 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
$483,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Philadelphia, PA
Properties on Market for Residential income properties in Philadelphia
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence offers a private primary bath, in-unit laundry, appliance-equipped galley kitchen, and shared rooftop access.
Where is this residential income property located?
The property is located at 1914 FAIRMOUNT AVENUE Unit 2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium at 1914 Fairmount Avenue Unit 2; 10‑foot ceilings with hardwood floors and fresh paint; Open living and dining areas connected to a galley kitchen
