Renovated Triplex with Modern
For Sale
$625,000
2819 W OXFORD STREET, Philadelphia, PA 19121
Three updated apartments feature open layouts, contemporary finishes, in-unit laundry, and ductless mini-split systems.
Property Size1,963 SF
Days on Market35
Property Features for 2819 W OXFORD STREET
General Information
Standard status
Active
Size
1,963 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$4,381
Amenities
exposed brick
soaring ceilings
luxury vinyl plank flooring
upgraded countertops
oversized islands
premium stainless steel appliances
in-unit laundry
energy-efficient ductless mini-split systems
recessed lighting
updated mechanicals
newer roof
newer windows
newer electrical
newer plumbing
newer HVAC
private fenced patio
Building Details
Building Size
1,963 SF
Year Built
1915
Buildings
1
Tenancy
Multi
Listing Agency:
Houwzer, LLC
(267) 765-2080
Listed By:
Patricia Gesswein · License #RS067440
(267) 765-2080
Source:
Patmckennarealtors
Added: Jul 30
Changed: Aug 31
Last Checked: Aug 31 at 12:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houwzer, LLC
Investment Insights
Based on property information with market context.
Located at 2819 W Oxford Street in Philadelphia, this fully permitted and legally zoned triplex includes three residential units: two 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. The residences offer open-concept layouts, exposed brick accents, soaring ceilings, luxury vinyl plank flooring, recessed lighting, and contemporary finishes. Kitchens include upgraded countertops, oversized islands, and stainless steel appliances, while each unit has in-unit laundry and an energy-efficient ductless mini-split system.
Extensive renovations include a newer roof, windows, electrical, plumbing, HVAC systems, and sprinkler system. The property also features a private fenced patio and ample street parking. Built in 1915, it is positioned near Fairmount Park, Brewerytown dining, shopping, and entertainment, with access to Center City, University City, I-76, I-95, and public transportation.
Extensive renovations include a newer roof, windows, electrical, plumbing, HVAC systems, and sprinkler system. The property also features a private fenced patio and ample street parking. Built in 1915, it is positioned near Fairmount Park, Brewerytown dining, shopping, and entertainment, with access to Center City, University City, I-76, I-95, and public transportation.
Key Highlights
- Three‑unit triplex with two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- Fully permitted and legally zoned triplex at 2819 W Oxford Street
- Renovations include newer roof, windows, electrical, plumbing, HVAC systems, and sprinkler system
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
$33,498
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
5.36%
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%
$669,960
$670.0K
Cap Rate 7%
$478,543
$478.5K
Cap Rate 9%
$372,200
$372.2K
Market Conditions
NOI Build-Up for 1,963 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
$50.6K $25.80/SF
− Vacancy
−$2.8K −$1.42/SF
EGI
$47.9K $24.38/SF
− OpEx
−$14.4K −$7.31/SF
NOI
$33.5K $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%
$669,960
Cap Rate 7%
$478,543
Cap Rate 9%
$372,200
Alternative Uses
Best Use
Multifamily LT 5
$478.5K
$418.7K – $558.3K
NOI $33,498 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$441.1K
$386.0K – $514.6K
NOI $30,877 @ 7.0% cap · market cap 4.94%
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
Highway access
Location Intelligence
Trade Area within ½ mile
1,195
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
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Frequently Asked Questions
What type of property is this?
Triplex - Three updated apartments feature open layouts, contemporary finishes, in-unit laundry, and ductless mini-split systems.
Where is this triplex located?
The property is located at 2819 W OXFORD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three‑unit triplex with two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; Fully permitted and legally zoned triplex at 2819 W Oxford Street; Renovations include newer roof, windows, electrical, plumbing, HVAC systems, and sprinkler system
