Triplex with Ground-Floor Commercial
413 Fairmount Avenue Philadelphia, PA 19123
413 Fairmount Avenue, Philadelphia, PA, 19123
$759,000
For Sale
$759,000
Well-maintained triplex featuring a long-term commercial tenant plus two-bedroom, two-bath residences with separately metered utilities.
Property Size4,296 SF
Price / SF$176.68
Days on Market79
Property Features for 413 Fairmount Avenue
General Information
- Standard status
- Active
- Size
- 4,296 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1936
Listing Agency
BHHS Fox & Roach At the Harper, Rittenhouse Square
(215) 790-5501
Listed by
Marc Hammarberg
(215) 790-5501
Source
Xome
Added: Apr 29 Checked: Jun 14 at 1:46 am
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 BHHS Fox & Roach At the Harper, Rittenhouse Square
Investment Insights
Based on property information with market context.
Located at 413 Fairmount Avenue in Philadelphia, this well-maintained triplex combines ground-floor commercial income with highly desirable residential layouts. The ground level is occupied by a long-term commercial tenant and includes access to both the basement and a private rear yard, along with a separate office space at the rear to add flexibility to the footprint. The second and third floors each offer thoughtfully arranged two-bedroom, two-bath apartments, with bedrooms positioned on opposite sides for privacy and balance and a kitchen, open-concept living, and dining area anchored at the center of the home.
Each residence is designed for everyday comfort and easy living. Kitchens include stainless steel GE appliances, abundant cabinetry, granite countertops, and a center island, while natural light supports a clean, functional flow throughout. Washer and dryers are located in discreet hallway closets in each unit, and all utilities, including gas and electricity, are separately metered. The third-floor home also features a private roof deck.
For investors or owner-occupants, the property is presented as an income-producing opportunity with a stated 6% cap rate, backed by a long-term commercial tenant on the ground floor. The home is described as being in the heart of Northern Liberties with easy access to major highways, and is listed as only blocks from The Piazza, La Maude, The Random Tea Room, and the surrounding offerings of Old City and Fishtown.
Each residence is designed for everyday comfort and easy living. Kitchens include stainless steel GE appliances, abundant cabinetry, granite countertops, and a center island, while natural light supports a clean, functional flow throughout. Washer and dryers are located in discreet hallway closets in each unit, and all utilities, including gas and electricity, are separately metered. The third-floor home also features a private roof deck.
For investors or owner-occupants, the property is presented as an income-producing opportunity with a stated 6% cap rate, backed by a long-term commercial tenant on the ground floor. The home is described as being in the heart of Northern Liberties with easy access to major highways, and is listed as only blocks from The Piazza, La Maude, The Random Tea Room, and the surrounding offerings of Old City and Fishtown.
Key Highlights
- Well‑maintained triplex with a long‑term ground‑floor commercial tenant and two 2‑bedroom, 2‑bath residences on the 2nd and 3rd floors
- Separate utility metering for gas and electricity across units
- Each residence includes a kitchen with stainless steel GE appliances, granite countertops, cabinetry, and a center island
Local Financial Insights For Apartment 5plus
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 | $130.4k | $30.36 |
| − Vacancy | −$7.6k | −$1.76 |
| EGI | $122.9k | $28.60 |
| − OpEx | −$55.3k | −$12.87 |
| NOI | $67.6k | $15.73 |
4,296 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$916.4K – $1.22M
NOI $73,311 @ 7.0% cap · market cap 9.66%
Second Best
Apartment 5plus
$965.3K
$844.7K – $1.13M
NOI $67,574 @ 7.0% cap · market cap 8.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Empirical Pediatric Therapy
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained triplex featuring a long-term commercial tenant plus two-bedroom, two-bath residences with separately metered utilities.
Where is this triplex located?
The property is located at 413 Fairmount Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $759,000.
What are key features of this property?
This property features: Well‑maintained triplex with a long‑term ground‑floor commercial tenant and two 2‑bedroom, 2‑bath residences on the 2nd and 3rd floors; Separate utility metering for gas and electricity across units; Each residence includes a kitchen with stainless steel GE appliances, granite countertops, cabinetry, and a center island
