3861 Fairmount Avenue Philadelphia, PA 19104
Luxury triplex near Drexel and UPenn, ideal for investors.
Property Features for 3861 Fairmount Avenue
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 2024
Listing office KW Empower (610) 368-9041
Listing date Jun 21, 2025
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime location within walking distance of Drexel University and the University of Pennsylvania.
- High‑performing triplex with three luxury, condo‑style apartments.
- Each unit features stainless steel appliances, generous square footage, and stylish finishes.
Local 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 | $127.5k | $30.36 |
| − Vacancy | −$7.4k | −$1.76 |
| EGI | $120.1k | $28.60 |
| − OpEx | −$54.1k | −$12.87 |
| NOI | $66.1k | $15.73 |
