Multifamily Income
New
For Sale
$739,000
3861 FAIRMOUNT AVENUE, Philadelphia, PA 19104
A recently built residential income asset offers central air, forced-air heating, and a gas water heater.
Property Size4,200 SF
Price / SF$175.95
Days on Market6
Property Features for 3861 FAIRMOUNT AVENUE
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Residential Income
Zoning
MULTI-FAMILY
Site & Location
Neighborhood
West Philadelphia
Taxes and HOA fees
Annual Taxes
$657
Amenities
Central Air, Electric
Electric, Forced Air
Gas Water Heater
Other
Building Details
Building Size
4,200 SF
Year Built
2024
Listing Agency:
RE/MAX of Cherry Hill, Inc.
Listed By:
Haci R Kose · License #0344389
(856) 220-5099
Source:
Evrealestate
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 8:16AM
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 RE/MAX of Cherry Hill, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,200-square-foot residential income property was built in 2024 and is zoned MULTI-FAMILY. Interior systems include central air, electric service, forced-air heating, and a gas water heater. The exterior features list no additional improvements.
Key Highlights
- 4,200‑square‑foot residential income property
- Built in 2024
- MULTI‑FAMILY zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,064
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,280
$1.3M
Cap Rate 7%
$943,771
$943.8K
Cap Rate 9%
$734,044
$734.0K
Market Conditions
NOI Build-Up for 4,200 SF
Gross rent
$127.5K $30.36/SF
− Vacancy
−$7.4K −$1.76/SF
EGI
$120.1K $28.60/SF
− OpEx
−$54.1K −$12.87/SF
NOI
$66.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,280
Cap Rate 7%
$943,771
Cap Rate 9%
$734,044
Alternative Uses
Best Use
Apartment 5plus
$943.8K
$825.8K – $1.10M
NOI $66,064 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.02M
$895.9K – $1.19M
NOI $71,673 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
3,325
Businesses Nearby
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Business Placement
Demographics for 19104, PA
56,839
Population
23,888
Households
2.4
Avg Household Size
26
Median Age
47%
College-Educated
90%
High-School Grad
3.1 sq mi
ZIP Area
18,335
Density / Sq Mi
$39,526
Median Household Income
$18,420
Median Earnings
$1,329
Median Rent
$268,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A recently built residential income asset offers central air, forced-air heating, and a gas water heater.
Where is this residential income property located?
The property is located at 3861 FAIRMOUNT AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: 4,200‑square‑foot residential income property; Built in 2024; MULTI‑FAMILY zoning
