Triplex with Private Rooftop
New
For Sale
$739,000
3861 FAIRMOUNT Avenue, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size4,200 SF
Price / SF$175.95
Days on Market2
Property Features for 3861 FAIRMOUNT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
4,200 SF
Taxes and HOA fees
Tax Annual Amount
657
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
private patio
rooftop deck
Building Details
Year built
2024
Number of units
3
Listing Agency:
RE/MAX Preferred - Cherry Hill · RE/MAX International
(856) 616-2626
Listed By:
Haci R Kose
(856) 246-7408
Added: Oct 20
Last Checked: Oct 21 at 8:06PM
MLS# PAPH2682788
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.
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Investment Insights
Based on property information with market context.
Completed in 2024, this 4,200-square-foot triplex contains three apartments. The first has three bedrooms, three bathrooms, and a rear patio; the other two each offer two bedrooms and two bathrooms. One of those apartments includes a private rooftop deck. All units have in-unit laundry, en-suite bathrooms, and individual HVAC and water-heating systems. Gas and electric service are separately metered for each residence.
The property is fully leased and is within walking distance of Drexel University, the University of Pennsylvania, Penn Presbyterian Hospital, public transit, and dining and retail along Lancaster Avenue. A tax abatement is also noted in the property information.
The property is fully leased and is within walking distance of Drexel University, the University of Pennsylvania, Penn Presbyterian Hospital, public transit, and dining and retail along Lancaster Avenue. A tax abatement is also noted in the property information.
Key Highlights
- Three apartments in a 4,200‑square‑foot building completed in 2024
- Unit mix: one 3‑bedroom/3‑bathroom apartment and two 2‑bedroom/2‑bathroom apartments
- Private rear patio and exclusive rooftop deck
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
Multifamily LT 5
$1.02M
$895.9K – $1.19M
NOI $71,673 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$943.8K
$825.8K – $1.10M
NOI $66,064 @ 7.0% cap · market cap 8.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has its own HVAC and water-heating equipment, laundry, and separate gas and electric meters.
Where is this triplex 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: Three apartments in a 4,200‑square‑foot building completed in 2024; Unit mix: one 3‑bedroom/3‑bathroom apartment and two 2‑bedroom/2‑bathroom apartments; Private rear patio and exclusive rooftop deck
