Mixed-use report

413 Fairmount Ave

4,296 sqft · CMX1 · built 1920

Investor / LLC · assessed $687K · 2 licensed units · sold 1×. On the 400 block of Fairmount Ave.

Street view of 413 Fairmount Ave
From the street — imagery © Google
From above — imagery © Esri, Maxar

Property summary

What stands out

From the public record

What to do with this

The record, translated into moves — what a buyer, the owner, and a landlord would each want to check next under Philadelphia's actual rules.

If you’re buying

Built 1920: lead rules apply

Federal law requires a lead-paint disclosure at sale for any pre-1978 home. If it will be rented, Philadelphia also requires a lead-safe or lead-free certificate before a rental license can issue.

If you’re the landlord

Lead certificate is not optional

Built 1920: every rental unit needs a lead-safe or lead-free certificate on file with the City. Without one: fines up to $2,000/day per unit, tenants may withhold rent, courts can order rent refunded — and no eviction will stand.

Licensed rental — keep it that way

Renewal requires city tax clearance and zero open L&I violations on the property. A lapsed license suspends the right to collect rent or evict.

Derived from this house's public records and the city's rules as of 2026 (abatement ordinance, Homestead, rental licensing, lead certification, L&I process, excavation protections). Informational only — not legal, tax, or investment advice.

Who's behind it

Hoolei LLC · corporate / LLC owner

• Tax bills mail to 882 Whitehall Rd, Newfield NJ, 08344 — outside Philadelphia
• Holds an active rental license for this address

The investment read

How this building has moved and where it's pointed: the city's assessed value (not a listing price) over 12 years, charted against its block; appreciation is that history's pace, and the 5-year figure simply extends it. Yield estimates rent-vs-price from area rents. Ask the record to dig into any number.

Assessed value
$687K
built 1920
Price / sq ft
$160
block $276 · below block
Appreciation
+7%
+1%/yr, city 6.5%
In 5 years (~2031)
~$688K
+1%/yr own pace held 5 yrs — extrapolation, not a forecast
Est. tax / yr
$10K
1.4% effective
Jun 2022 tax snapshot
Gross yield
3.6%
≈$2K/mo rent
Times sold
1
licensed rental

Value vs. the block, over time — sales, permits & L&I events marked on the line

$0$500K$1.0MBefore this chart — 2012: Addition 2013: Mechanical 2013: Electrical 2013: Plumbing 2013: Suppression 2013: L&I violation 2013: Plumbing 2014: Administrative 2015: 5 L&I violations 2015: Inspection failed ×32016: L&I: 1 failed, 1 passed2017: Plumbing$687K201620222027
This houseBlock median & rangePermitInspection

The paper trail

Owner pulled a plumbing permit in 2017.

  1. 2012 AdditionPermit
  2. 2013 MechanicalPermitElectricalPermitPlumbingPermitSuppressionPermitL&I violationL&IPlumbingPermit
  3. 2014 AdministrativePermit
  4. 2015 5 L&I violationsL&IInspection failed ×3L&I visit
  5. 2016 L&I: 1 failed, 1 passedL&I visit
  6. 2017 PlumbingPermit

Flags: active rental license · 1 zoning/board appeal on record. Informational only — not investment advice or a consumer report (FCRA).

The house, on paper

The city assessor's field record — the physical spec sheet behind the assessed number.

Interior
4,296 sqft
livable area
Lot
1,800 sqft
Exterior condition
Average
city code 4
Interior condition
Average
city code 4
Quality grade
C
assessor's grade
Zoning
CMX1
city zoning code
Zoning appeals
1
granted with conditions 2012

OPA field-assessment attributes. Condition and grade are the assessor's codes, not an inspection.

Run the numbers

What owning 413 Fairmount Ave takes, at your price and your rate. Taxes start with an annual estimate from the City’s taxable assessment, not a current bill or balance; rent starts at 2 licensed units × ~85% of the area's median unit rent — the whole building's income, not one unit's. Assessed value is not an asking price — set the price slider to the real one.

$687K
20%
6.875%
$4K/mo

When this house last sold (2012) a 30-year mortgage ran about 3.66% — Freddie Mac's average that year.

Mortgage
P&I · 30-yr fixed
All-in monthly
+ taxes & insurance
Cash to close
down + ~4% costs
Cash flow
rent − all costs · /mo
Cap rate
NOI ÷ price
Cash-on-cash
year-1 return on cash in

Estimates for orientation, not advice. Assumes a 30-year fixed loan, $1,400/yr insurance, 1% of price/yr maintenance; taxes from this parcel's record.

Block context

413 Fairmount Ave sits on the 400 block of Fairmount Ave. Open the block report to compare its parcels, ownership and public-record history.

See the whole block →

Next door: 415 Fairmount Ave  ·  409 Fairmount Ave

Where this comes from

Methodology & freshness

Available City datasets are queried from OpenDataPhilly (phl.carto.com), then reports are cached and refreshed on a rolling schedule. Source dates vary: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. Other dossiers re-pull on view once stale, and citywide benchmarks recompute weekly. AI-written passages are generated from these records only and rejected if they state a number the record doesn't hold.

Official city record ↗  ·  L&I history ↗  ·  See the whole block  ·  Download this record (JSON)