2-Unit Residential
For Sale
$365,000
4815 Fairmount Avenue, Philadelphia, PA 19139
Each residence has electric heat, a washer and dryer, and included appliances.
Property Size2,055 SF
Price / SF$177.62
Days on Market8
Property Features for 4815 Fairmount Avenue
General Information
Standard status
Active
Size
2,055 SF
Property subtype
Multi Family Home
Zoning
RSA5 W/ 2-FAMILY VARIANCE, Legal Duplex
Occupancy
100%
Financials
Asking Price
$365,000
Gross Income
$35,280
Units
Unit Mix
1 x 3BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,619
Amenities
washer/dryer
Building Details
Building Size
2,055 SF
Year Built
1925
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Prime Realty Partners
(215) 770-9496
Listed By:
Cree McGee · License #RS368355
(302) 483-7912
Source:
Capitalareahome
Added: Oct 16
Changed: Oct 22
Last Checked: Oct 22 at 2:18PM
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 Prime Realty Partners
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Investment Insights
Based on property information with market context.
This 2,055-square-foot duplex, built in 1925, is configured with an upper residence featuring 3 bedrooms and 2 full bathrooms and a lower residence with 1 bedroom and 1 full bathroom. Both units are occupied and have electric heating, individual washers and dryers, and appliances. Zoning is RSA5 with a 2-family variance; the property is identified as a legal duplex.
The Philadelphia property offers access to public transportation, shopping, restaurants, and University City. Showings require advance notice because both residences are tenant occupied.
The Philadelphia property offers access to public transportation, shopping, restaurants, and University City. Showings require advance notice because both residences are tenant occupied.
Key Highlights
- 2,055 square feet; built in 1925
- Upper unit: 3 bedrooms and 2 full bathrooms
- Lower unit: 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,324
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,480
$646.5K
Cap Rate 7%
$461,771
$461.8K
Cap Rate 9%
$359,156
$359.2K
Market Conditions
NOI Build-Up for 2,055 SF
Gross rent
$62.4K $30.36/SF
− Vacancy
−$3.6K −$1.76/SF
EGI
$58.8K $28.60/SF
− OpEx
−$26.4K −$12.87/SF
NOI
$32.3K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$646,480
Cap Rate 7%
$461,771
Cap Rate 9%
$359,156
Alternative Uses
Best Use
Multifamily LT 5
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$461.8K
$404.1K – $538.7K
NOI $32,324 @ 7.0% cap · market cap 8.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,806
Businesses Nearby
Explore this area
Business Placement
Demographics for 19139, PA
43,281
Population
23,896
Households
1.8
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
1.8 sq mi
ZIP Area
24,045
Density / Sq Mi
$38,701
Median Household Income
$34,796
Median Earnings
$1,110
Median Rent
$118,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has electric heat, a washer and dryer, and included appliances.
Where is this duplex located?
The property is located at 4815 Fairmount Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,055 square feet; built in 1925; Upper unit: 3 bedrooms and 2 full bathrooms; Lower unit: 1 bedroom and 1 full bathroom
