2-Unit
New
For Sale
$365,000
4815 FAIRMOUNT Avenue, Philadelphia, PA 19139
Multi-Family, PHILADELPHIA, PA
Property Size2,055 SF
Lot Size0.03 Acres
Price / SF$177.62
Days on Market2
Property Features for 4815 FAIRMOUNT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Washer, Dryer
Subdivision
MILL CREEK
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
2,055 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
2619
Utilities
Heating system
Hot Water(Heating)
Amenities
washer and dryer
Building Details
Year built
1925
Number of units
2
Building materials
Masonry
Architectural style
Other
Listing Agency:
Prime Realty Partners
(215) 770-9496
Listed By:
Cree McGee · License #RS368355
(302) 483-7912
Added: Oct 21
Last Checked: Oct 22 at 7:06AM
MLS# PAPH2681616
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.
This 2,055-square-foot masonry duplex contains two occupied residences. The upper apartment has three bedrooms and two full bathrooms; the lower apartment has one bedroom and one full bathroom. Each unit includes a washer and dryer, and the property also has a basement. Built in 1925, the building sits on a 0.03-acre lot.
The property is in West Philadelphia, with public transportation, shops, restaurants, and University City cited among nearby destinations. Parking is on the street.
The property is in West Philadelphia, with public transportation, shops, restaurants, and University City cited among nearby destinations. Parking is on the street.
Key Highlights
- Two occupied units: upper residence has 3 bedrooms and 2 full bathrooms; lower residence has 1 bedroom and 1 full bathroom
- 2,055 square feet of building area
- 0.03‑acre lot
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and include in-unit laundry 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: Two occupied units: upper residence has 3 bedrooms and 2 full bathrooms; lower residence has 1 bedroom and 1 full bathroom; 2,055 square feet of building area; 0.03‑acre lot
