Bought with Morgan Harrington • KW Empower
$550,000
$700,000
21.4%For more information regarding the value of a property, please contact us for a free consultation.
4,800 SqFt
SOLD DATE : 08/14/2025
Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $114
MLS Listing ID PAPH2513190
Sold Date 08/14/25
Year Built 1900
Annual Tax Amount $18,683
Tax Year 2025
Lot Dimensions 24.5 x 117
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Exceptional Investment Opportunity in the Heart of Fairmount
Nestled among the grand Gilded Age mansions and mature, tree-lined streets of Philadelphia's coveted Fairmount neighborhood, this 5-unit property offers a rare chance to bring new life. Just steps from bustling Fairmount Avenue—home to some of the city's best restaurants, cafes, and boutiques—and with easy access to public transportation on Spring Garden and Broad Street and I-76, this location is a commuter's dream and a resident's paradise.
The property consists of:
Three spacious 2-bedroom, 2-bathroom units
Two 1-bedroom, 1-bathroom units
Private backyard space
Rooftop access for the top two units, offering potential for stunning skyline views
This building is in need of a complete rehab, making it an ideal candidate for a multifamily rental renovation or condominium conversion project. A fire from adjoining building affected the roof of this property which occurred in October 2024. Buyers are strongly encouraged to perform all necessary due diligence.
Bring your vision and transform this gem into a modern masterpiece in one of Philadelphia's most desirable neighborhoods.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 888150221
Ownership Condominium
Special Listing Condition Standard
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