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402 Fairmount Ave , Philadelphia, PA 19123
$875,000
Est. Payment: $4,726.90/mo
3150 Sqft
0.03 Acres
Status: active | Days on site: 193
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61003 - 3184468
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House 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.

Highlights

Listed by Benjamin Wong , 2158060988 BHHS Fox & Roach-Blue Bell , 2155422200. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.03

Year Built

1920

County

Philadelphia

Area

19123 (19123)

Neighborhood

Northern Liberties

School District

Philadelphia City

Listing ID

PAPH2612606

Questions about this listing?

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Interior Features

Air Cond:Central A/C,Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:20.00 x 65.00
Zoning:CMX1
Others:
  • ▪ Additional:Very Good
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$4,727
Taxes
$846

Home Price

$875,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$175,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,726.90

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,726.90 $846.25 $0.00 $5,573.15
Yearly $56,722.82 $10,155.00 $0.00 $66,877.82
Total $1,701,684.52 $304,650.00 $0.00 $2,006,334.52
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS