North Philadelphia Mixed-Use
For Sale
$950,000
2118 W OXFORD Street, Philadelphia, PA 19121
MULTI_FAMILY - Contemporary - PHILADELPHIA, PA
Property Size3,505 SF
Lot Size0.02 Acres
Price / SF$271.04
Days on Market148
Property Features for 2118 W OXFORD Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Rooms
Basement
Parking features
On Street
Interior features
Bathroom - Walk-In Shower, Combination Kitchen/Living, Kitchen - Island, Wood Floors
Appliances
Dishwasher, Dryer, Microwave, Oven/Range - Electric, Range Hood, Refrigerator, Stove, Washer
High school
ROBERT VAUX
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
3,505 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
55
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2023
Number of units
3
Building materials
Brick, Copper Plumbing, CPVC/PVC
Architectural style
Contemporary
Listing Agency:
Giraldo Real Estate Group
(215) 745-0101
Listed By:
Alex Gao
(267) 694-8777
Added: Apr 1
Changed: Jun 9
Last Checked: Aug 26 at 8:06AM
MLS# PAPH2597984
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This new construction mixed-use triplex is located in North Philadelphia West. Unit 1 is a ground-floor commercial space that includes a finished basement, oversized windows, neutral flooring, a sprinkler system, and a fire detection system. It also features a private exit door to a fenced backyard with separate street access. The property benefits from a transferable 10-year tax abatement with approximately 7 years remaining as of the date of listing. Buyers are strongly encouraged to independently verify the abatement status and remaining term with the City of Philadelphia prior to settlement. The building generates approximately $58,000 in annual rental income across all units. The property is located minutes from Temple University, SEPTA transit access, parks, and major highways. The lot size is 0.0193 acres and the property size is 3505 square feet.
Key Highlights
- New construction mixed‑use triplex generating approximately $58,000 in annual rental income.
- Transferable 10‑year tax abatement (approximately 7 years remaining).
- Ground‑floor commercial space with finished basement and private backyard access.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,812
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,196,240
$1.2M
Cap Rate 7%
$854,457
$854.5K
Cap Rate 9%
$664,578
$664.6K
Market Conditions
NOI Build-Up for 3,505 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$90.4K $25.80/SF
− Vacancy
−$5.0K −$1.42/SF
EGI
$85.4K $24.38/SF
− OpEx
−$25.6K −$7.31/SF
NOI
$59.8K $17.06/SF
Area
Philadelphia, PA
Vacancy
5.51%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,196,240
Cap Rate 7%
$854,457
Cap Rate 9%
$664,578
Alternative Uses
Best Use
Multifamily LT 5
$854.5K
$747.7K – $996.9K
NOI $59,812 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$787.6K
$689.2K – $918.9K
NOI $55,132 @ 7.0% cap · market cap 5.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,906
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - New construction triplex with commercial space and tax abatement.
Where is this mixed-use property located?
The property is located at 2118 W OXFORD Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: New construction mixed‑use triplex generating approximately $58,000 in annual rental income.; Transferable 10‑year tax abatement (approximately 7 years remaining).; Ground‑floor commercial space with finished basement and private backyard access.
