2017-2019 Fairmount Ave
Philadelphia, PA 19130
Multifamily Property For Sale · 4 Units

2017–2019 Fairmount Avenue presents the opportunity to acquire a mixed-use asset in Philadelphia’s established Fairmount neighborhood. The three-story property with basement contains approximately 6,054 square feet of gross leasable area and benefits from a diversified income profile anchored by residential apartments and ground-floor retail space. Residential units comprise the majority of the building’s area, providing a stable occupancy foundation while creating an opportunity to enhance overall revenue through the retail component.
The property includes a leased retail storefront occupied by Ali’s Wagon and an additional retail space available for lease, creating near-term upside through tenant placement and future rent growth. CMX-2 zoning supports mixed-use uses by right, offering flexibility for continued operation within its current configuration. The building features approximately 36 feet of frontage along Fairmount Avenue, a well-traveled neighborhood corridor connecting residents, retailers, and local institutions.
Located within the Fairmount section of Philadelphia, the asset benefits from proximity to major neighborhood amenities, cultural destinations, educational institutions, and employment centers. Nearby landmarks include the Rodin Museum, Community College of Philadelphia, the Free Library of Philadelphia, Eakins Oval, and the Schuylkill River Trail. The surrounding area supports a dense mix of residential and commercial activity, reinforcing long-term demand for neighborhood-serving retail and urban housing.
For investors seeking a mixed-use asset with existing income, a value-add retail leasing component, and exposure to one of Philadelphia’s established urban neighborhoods, 2017–2019 Fairmount Avenue offers a combination of current cash flow and future growth potential.