Modern 3-Unit
For Sale
$690,000
3908 FAIRMOUNT Avenue, Philadelphia, PA 19104
Multi-Family, PHILADELPHIA, PA
Property Size2,457 SF
Lot Size0.03 Acres
Price / SF$280.83
Days on Market16
Property Features for 3908 FAIRMOUNT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,457 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
10499
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2022
Number of units
3
Building materials
Brick, Stucco, Vinyl Siding, Concrete
Architectural style
Contemporary
Listing Agency:
Keller Williams Main Line · Keller Williams Realty
(610) 520-0100
Listed By:
Denise A Frazier · License #AB067937
(215) 421-3362
Added: Oct 7
Changed: Oct 21
Last Checked: Oct 22 at 12:06AM
MLS# PAPH2678320
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.
Built in 2022, this contemporary triplex contains 2,457 square feet across three apartments. Each unit has two bedrooms and one bathroom. Exterior materials include brick, stucco, vinyl siding, and concrete; the building also has a basement. Forced-air heating and central air conditioning serve the property.
The property is in Philadelphia’s 19104 ZIP code. A tax abatement runs through 2034. Gross rental income is stated as $61,692 annually, with monthly rents listed at $1,800, $1,640, and $1,701.
The property is in Philadelphia’s 19104 ZIP code. A tax abatement runs through 2034. Gross rental income is stated as $61,692 annually, with monthly rents listed at $1,800, $1,640, and $1,701.
Key Highlights
- Three 2‑bedroom, 1‑bathroom units
- 2,457 square feet on a 0.0334‑acre lot
- Built in 2022; contemporary architectural style
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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Open Analytics
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 - Three separate two-bedroom apartments provide a consistent residential layout in a recently built multifamily property.
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 2‑bedroom, 1‑bathroom units; 2,457 square feet on a 0.0334‑acre lot; Built in 2022; contemporary architectural style
