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    Mixed-Use Brownstone with Storefront Title is generated by Realmo AI

    212 FAIRMOUNT Avenue, Philadelphia, PA 19123

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    For Sale
    $549,944

    MULTI_FAMILY - Other - PHILADELPHIA, PA

    Property size:
    700 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $785/SF
    Added:
    Apr 15, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for 212 FAIRMOUNT Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    On Street
    Standard status
    Active
    Size
    700 SF
    Lot size
    0.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5110

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Masonry
    Architectural style
    Other

    We can help!

    Listing Contact
    Edward J. McDonald Jr.

    Listing agent Edward J. McDonald Jr. License #RS195849L

    Listing office Re/Max One Realty 521 Bustleton Pike, Philadelphia, PA

    Listing date Apr 15, 2026

    MLS# PAPH2599540 Listing URL

    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.

    HighLights

    • Mixed‑use property: Live upstairs in a 2/3 bedroom apartment and operate your business in the renovated first‑floor storefront.
    • Renovated first‑floor storefront: 685 sq ft, includes showroom, kitchen, restroom, and office; ready to open.
    • Bi‑level apartment: 1450 sq ft, 2/3 bedrooms, remodeled kitchen with granite countertop, 1.5 baths with clawfoot tub.
    • Prime Northern Liberties location: In the heart of Northern Liberties.
    • Completely rehabbed property: Newer windows, remodeled kitchen, central air, washer and dryer in unit.
    • Potential roof deck: Stairwell access to the roof for future roof deck.

    Overview

    This three-story mixed-use brownstone has been completely rehabbed and is set up for a live-work arrangement. The first-floor storefront has been renovated to include a showroom, kitchen, restroom, and office space, providing a ready-to-open commercial front. The upper level consists of a bi-level apartment on the second and third floors with a living room, dining room, remodeled kitchen, and one and one-half baths, including a clawfoot tub. The dining room area could be converted to a third bedroom. A stairwell to the roof is in place for future roof-deck use.

    Located in Northern Liberties, the property combines street-level commercial space with residential living above. The unit features washer and dryer in the apartment, and the home includes central air. Additional updates include newer windows and a kitchen with granite countertops, contributing to a turnkey interior for both business and daily living.

    For tenants or owner-operators looking to open an office, retail, or restaurant concept while living upstairs, this configuration offers a practical separation between customer-facing space and private quarters. The renovated commercial layout and remodeled apartment components provide a cohesive, ready-to-operate setup without requiring immediate work beyond tenant-specific buildout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Locksmith PHILLY Locksmith

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Philadelphia
    County
    Delaware
    State
    Pennsylvania
    Longitude
    -75.14182
    Latitude
    39.9619

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    FAQs

    What type of property is this?
    Live-work space - Three-story live-work setup with a renovated first-floor storefront and remodeled apartment above.
    Where is this live-work space located?
    The property is located at 212 FAIRMOUNT Avenue Philadelphia, PA.
    What is the asking price?
    The asking price for this property is $549,944.
    What are key features of this property?
    This property features: Mixed‑use property: Live upstairs in a 2/3 bedroom apartment and operate your business in the renovated first‑floor storefront.; Renovated first‑floor storefront: 685 sq ft, includes showroom, kitchen, restroom, and office; ready to open.; Bi‑level apartment: 1450 sq ft, 2/3 bedrooms, remodeled kitchen with granite countertop, 1.5 baths with clawfoot tub.
    (215) 442-9388
    We can help!
    Listing Contact
    Edward J. McDonald Jr.
    Real Estate License ID: RS195849L
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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