Three-Unit
New
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 Market2
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
Last Checked: Oct 8 at 2:06AM
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.
Investment Insights
Based on property information with market context.
Built in 2022, this Philadelphia triplex contains three two-bedroom, one-bathroom residences. The 2,457-square-foot property includes a basement and features brick, stucco, vinyl siding, and concrete construction. Heating is provided by a forced-air system, and the units have central air conditioning. A tax abatement is in place through 2034.
The property is near public transportation, universities, hospitals, shopping, dining, and major roadways, with access to Center City. The parcel measures 0.0334 acres.
The property is near public transportation, universities, hospitals, shopping, dining, and major roadways, with access to Center City. The parcel measures 0.0334 acres.
Key Highlights
- Three two‑bedroom, one‑bathroom residences
- 2,457 square feet on 0.0334 acres
- Built in 2022; tax abatement through 2034
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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms and one full bathroom, with central air conditioning and forced-air heat.
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 two‑bedroom, one‑bathroom residences; 2,457 square feet on 0.0334 acres; Built in 2022; tax abatement through 2034
