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Graceann Tinney

graceann@graceanntinney.com +1(267) 373-8244

Listed by Ben Hooson-Jones • KW Empower

$825,000

Est. payment - /mo

4,200 SqFt

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UPDATED:

Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $196

Subdivision University City

MLS Listing ID PAPH2513724

Style Straight Thru

Abv Grd Liv Area 4,200

Year Built 2024

Annual Tax Amount $657

Tax Year 2024

Lot Size 1,440 Sqft

Acres 0.03

Lot Dimensions 16.00 x 90.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

FULLY RENTED CASH FLOWING HIGH CAP RATE, TAX ABATEMENT, HIGH CAP RATE 2 YEAR TENANTS AMAZING INVESTMENT TRIPLEX

Don't miss this rare opportunity to own a fully rented, high-performing triplex in one of Philadelphia's strongest rental corridors, just a short walk from Drexel University and the University of Pennsylvania. With strong in-place rental demand, a highly desirable unit mix, and the benefit of a tax abatement, this property checks the boxes investors are always looking for: cash flow, location, condition, and long-term upside.

This well-appointed triplex features three luxury, condo-style apartments with spacious layouts, modern finishes, rustic flooring, stainless steel appliances, generous bedroom sizes, and thoughtful design throughout. Unit 1 offers 3 bedrooms and 3 bathrooms with a private rear patio, giving tenants valuable outdoor space. Units 2 and 3 each feature 2 bedrooms and 2 bathrooms, with Unit 3 enjoying exclusive access to a private rooftop deck.

Each apartment includes an open-concept living area, upgraded kitchen, large bedrooms, ample closet space, en-suite bathrooms, in-unit washer and dryer, dedicated gas furnace, dedicated water heater, and separately metered gas and electric. That setup is exactly what investors want to see because it keeps operations clean and utility responsibility straightforward.

Ideally positioned for Drexel students, Penn students, medical professionals, university staff, and hospital employees, the property sits near Penn Presbyterian Hospital with convenient access to public transportation, Lancaster Avenue, cafes, restaurants, bars, boutiques, and neighborhood amenities. Fully rented with established tenants and located in a high-demand rental market, this is a strong opportunity for investors seeking a turnkey triplex with cash flow, tax advantages, and long-term rental strength.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Rooms

Basement Fully Finished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Private Pool No

Building

Foundation Other

Above Ground Finished SqFt 4200

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 243014800

Ownership Fee Simple

SqFt Source 4200

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Agent | RSRS344523

+1(267) 373-8244

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3861 FAIRMOUNT AVE Philadelphia, PA 19104

Graceann Tinney

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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3861 FAIRMOUNT AVE