413 Fairmount Ave, Philadelphia, PA 19123

Property Description

This well-maintained triplex in the heart of Northern Liberties offers an income-producing opportunity, blending stable commercial income with highly desirable residential layouts, all while providing a 6% cap rate. The ground floor is occupied by a long-term commercial tenant and features access to both the basement and a private rear yard, along with a separate office space at the rear—adding flexibility and additional functionality to the footprint. The second and third floors each feature thoughtfully designed two-bedroom, two-bathroom residences with an ideal, tenant-friendly layout. Bedrooms are positioned on opposite sides of the unit, creating privacy and balance, while the kitchen and open-concept living and dining areas anchor the center of the home. Each kitchen is equipped with stainless steel GE appliances, abundant cabinetry, granite countertops, and a center island perfect for everyday living and entertaining. Natural light fills both units, complemented by clean finishes and a functional flow that appeals to a wide range of renters. Washer and dryers are discreetly tucked into hallway closets in each apartment, and all utilities, including gas and electricity, are separately metered for convenience and efficiency. The third-floor unit is further enhanced by a private roof deck with sweeping city views—an increasingly sought-after feature that adds meaningful value and tenant appeal. Ideally located with easy access to major highways and just blocks from The Piazza, La Maude, The Random Tea Room, as well as the vibrant offerings of Old City and Fishtown. Whether you're an investor or an owner-occupant, this property is well-positioned for both immediate income and long-term appreciation.