Three-Unit
For Sale
$690,000
3908 FAIRMOUNT AVENUE, Philadelphia, PA 19104
Each residence has two bedrooms and one full bathroom, and the property carries a tax abatement through 2034.
Property Size2,457 SF
Days on Market18
Property Features for 3908 FAIRMOUNT AVENUE
General Information
Standard status
Active
Size
2,457 SF
Property subtype
Triplex
Site & Location
Neighborhood
West Philadelphia
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$61,692
Taxes and HOA fees
Annual Taxes
$10,499
Building Details
Building Size
2,457 SF
Year Built
2022
Listing Agency:
Keller Williams Main Line
Listed By:
Denise A Frazier · License #AB067937
(215) 421-3362
Source:
Patmckennarealtors
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 23 at 3:30PM
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 Keller Williams Main Line
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Investment Insights
Based on property information with market context.
Built in 2022, this Philadelphia triplex contains three residences, each configured with two bedrooms and one full bathroom. The property produces rental income and has a tax abatement extending through 2034.
Key Highlights
- Three residential units, each with 2 bedrooms and 1 bathroom
- Tax abatement through 2034
- Built in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,928
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,560
$838.6K
Cap Rate 7%
$598,971
$599.0K
Cap Rate 9%
$465,867
$465.9K
Market Conditions
NOI Build-Up for 2,457 SF
Gross rent
$63.4K $25.80/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$59.9K $24.38/SF
− OpEx
−$18.0K −$7.31/SF
NOI
$41.9K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,560
Cap Rate 7%
$598,971
Cap Rate 9%
$465,867
Alternative Uses
Best Use
Multifamily LT 5
$599.0K
$524.1K – $698.8K
NOI $41,928 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$552.1K
$483.1K – $644.1K
NOI $38,647 @ 7.0% cap · market cap 5.60%
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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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,420
Businesses Nearby
Explore this area
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 residence has two bedrooms and one full bathroom, and the property carries a tax abatement through 2034.
Where is this triplex located?
The property is located at 3908 FAIRMOUNT AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Three residential units, each with 2 bedrooms and 1 bathroom; Tax abatement through 2034; Built in 2022
