Property Description

Updated three-unit triplex in a prime Fairmount/Francisville location, offering a rare opportunity for both investors and owner-occupants, along with the ability to assume an existing FHA loan at a 2.75% interest rate for qualified buyers. Each unit has been updated within the last 10 years and offers a bright, modern feel with abundant natural light, in-unit washer and dryer, dishwasher, and updated kitchens and bathrooms. The first-floor unit stands out as an especially attractive owner-occupant option, featuring its own private entrance and a large private patio that gives it the feel of a separate home while still allowing the owner to offset expenses with income from the upper units. The second-floor apartment spans the full length of the building, while the top-floor unit includes its own private deck along with ductless HVAC. This is a highly flexible property that works well for a buyer looking to live in one unit and collect rental income, or for an investor seeking a well-maintained, updated multifamily asset. Current rents on the upper units are approximately $1,100 and $1,400 per month, with projected rent of at least $1,500 for the lower unit. A full basement provides additional storage. Positioned just steps from the shops, cafes, and restaurants along Fairmount Avenue, the property offers strong walkability with convenient access to nearby grocery options including ALDI, GIANT Heirloom Market, and Klein’s Supermarket. Whole Foods is also just a short bike ride or drive away. Center City, Rittenhouse Square, and the surrounding business districts are all easily accessible by bike, car, or rideshare. A compelling opportunity to own a well-located, income-producing property with strong usability, modern updates, and long-term upside.

Property Features

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