402 FAIRMOUNT AVE, Philadelphia, PA 19123
402 FAIRMOUNT AVE, Philadelphia, PA 19123
402 FAIRMOUNT AVE, Philadelphia, PA 19123
402 FAIRMOUNT AVE, Philadelphia, PA 19123
402 FAIRMOUNT AVE, Philadelphia, PA 19123
402 FAIRMOUNT AVE, Philadelphia, PA 19123
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Listed by Benjamin Wong • BHHS Fox & Roach-Blue Bell
$ 900,000
Est. payment | /mo

3,150 SqFt


Save
$ 900,000
Est. payment | /mo
Save

3,150 SqFt

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,150 sqft

Price per Sqft $285

Subdivision Northern Liberties

MLS Listing ID PAPH2612524

Style Traditional

Abv Grd Liv Area 3,150

Year Built 1920

Annual Tax Amount $10,155

Tax Year 2025

Lot Size 1,368 Sqft

Acres 0.03

Lot Dimensions 20.00 x 65.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

Welcome to 402 Fairmount Avenue, a rare opportunity to own a four unit property in the heart of Northern Liberties, one of Philadelphia's most desirable and walkable neighborhoods. This versatile property is ideal for an owner occupant, first time homebuyer looking to house hack, or an investor seeking immediate rental income with long term upside.

Three of the four units are currently rented, providing steady income from day one, while one unit has been intentionally left vacant to allow flexibility for the next owner. This creates an excellent opportunity for an owner occupant to move in and take advantage of low down payment financing options while offsetting expenses with rental income.

The first floor offers a unique layout with potential for a private residence, studio, or possible business or retail use, subject to buyer verification with the City of Philadelphia. The space was historically used as retail decades ago, adding to the property's flexibility and potential. A private courtyard adds additional value and can be enjoyed personally or potentially incorporated into a business setting, with access through the common area.

The second and third floor rear units are both well maintained one bedroom apartments with functional layouts. The front unit spans the second and third floors and features a spacious two bedroom, two full bathroom layout. Enter through the second level to find the kitchen, dining area, living room, and private balcony. The third level includes a large bedroom, full bathroom, walk in closet, and in unit washer and dryer, with an additional bedroom located on the top floor.

This property has been owned by the same family for nearly 100 years and has been well maintained over time. A brand new PVC sewer line has recently been installed, adding peace of mind for the next owner.

Located in Northern Liberties, you are within walking distance to popular restaurants, cafes, shops, and nightlife, with convenient access to Center City and major transportation routes. This is a prime location with strong demand from both renters and homeowners.

A true multi use opportunity offering flexibility, character, and income potential. Property is being sold as is.

Location

State PA

County Philadelphia

Area 19123 (19123)

Zoning CMX1

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Forced Air, Radiator

Cooling Central A/C, Window Unit(s)

Fireplace N

Heat Source Natural Gas

Exterior

Exterior Feature Balcony, Patio(s)

Water Access N

Accessibility None

Porch Balcony, Patio(s)

Garage N

Building

Foundation Concrete Perimeter

Above Ground Finished SqFt 3150

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 056143100

Ownership Fee Simple

SqFt Source 3150

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

CG REALTY LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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402 FAIRMOUNT AVE