402 FAIRMOUNT AVENUE, Philadelphia, PA 19123
CommercialSale - PHILADELPHIA, PA
- Added:
- Apr 24, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 11 at 3:06 pm
Property Features for 402 FAIRMOUNT AVENUE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,150 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10155
Utilities
- Heating system
- Forced Air, Other (Heating)
- Cooling system
- Central Air, Multi Units, Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 4
- Architectural style
- Other
Listing agent Benjamin Wong (215) 806-0988
Listing office BHHS Fox & Roach Blue Bell 721 Skippack Pike #100, PA (215) 542-2200
Listing date Apr 24, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Northern Liberties location: Walkable to restaurants, cafes, shops, nightlife, Center City, and transportation.
- Four‑unit property offering immediate rental income from three units, with one vacant unit for owner occupancy or tenant selection.
- Versatile property suitable for owner‑occupants, house hacking, or investors.
- Unique first‑floor layout with potential for private residence, studio, or retail use. Buyer to verify.
- Spacious two‑bedroom, two‑bathroom front unit with private balcony and in‑unit washer/dryer.
- New PVC sewer line installed.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.3k | $25.80 |
| − Vacancy | −$4.5k | −$1.42 |
| EGI | $76.8k | $24.38 |
| − OpEx | −$23.0k | −$7.31 |
| NOI | $53.8k | $17.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.144875
- Latitude
- 39.962582