4-Unit Multifamily
For Sale
$1,195,000
1605 W OXFORD STREET, Philadelphia, PA 19121
Fully occupied residences combine substantial bedroom capacity with private laundry and independently controlled heating and cooling.
Property Size4,572 SF
Days on Market9
Property Features for 1605 W OXFORD STREET
General Information
Standard status
Active
Size
4,572 SF
Property subtype
Quadruplex
Occupancy
100%
Financials
Cap Rate
9.01%
Gross Income
$124,860
Site & Location
Neighborhood
North Philadelphia
Units
Unit Mix
1 x 5BR/5BA, 1 x 3BR/3.5BA, 2 x 4BR/4BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,592
Amenities
in-unit washer and dryer
central heating and cooling
individual water heater
keyless entry
security cameras
Building Details
Building Size
4,572 SF
Year Built
2019
Listing Agency:
Keller Williams Realty Devon-Wayne
Listed By:
Michael Coleman
(484) 942-6266
Source:
Patmckennarealtors
Added: Oct 24
Changed: Oct 31
Last Checked: Oct 30 at 11:21PM
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 Keller Williams Realty Devon-Wayne
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Investment Insights
Based on property information with market context.
Built in 2019, this Philadelphia multifamily property contains four apartments with 16 bedrooms, 16 full bathrooms, and one half bathroom. The unit mix comprises one five-bedroom apartment with five full bathrooms, one three-bedroom apartment with three full bathrooms and one half bathroom, and two four-bedroom apartments, each with four full bathrooms. All four residences are leased and feature in-unit washers and dryers, individual water heaters, and dedicated electric HVAC systems for central heating and air conditioning.
Entry to the building and each apartment is controlled by coded keypads. Security cameras monitor the hallways and exterior. The property has a 9.01% cap rate and three years remaining on its tax abatement.
Entry to the building and each apartment is controlled by coded keypads. Security cameras monitor the hallways and exterior. The property has a 9.01% cap rate and three years remaining on its tax abatement.
Key Highlights
- Four apartments are currently occupied
- Unit mix: one 5‑bedroom, one 3‑bedroom, and two 4‑bedroom apartments
- 16 bedrooms, 16 full bathrooms, and one half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,021
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,560,420
$1.6M
Cap Rate 7%
$1,114,586
$1.1M
Cap Rate 9%
$866,900
$866.9K
Market Conditions
NOI Build-Up for 4,572 SF
Gross rent
$118.0K $25.80/SF
− Vacancy
−$6.5K −$1.42/SF
EGI
$111.5K $24.38/SF
− OpEx
−$33.4K −$7.31/SF
NOI
$78.0K $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 Rate 5%
$1,560,420
Cap Rate 7%
$1,114,586
Cap Rate 9%
$866,900
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$975.3K – $1.30M
NOI $78,021 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$1.03M
$898.9K – $1.20M
NOI $71,915 @ 7.0% cap · market cap 6.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,243
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied residences combine substantial bedroom capacity with private laundry and independently controlled heating and cooling.
Where is this quadplex located?
The property is located at 1605 W OXFORD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Four apartments are currently occupied; Unit mix: one 5‑bedroom, one 3‑bedroom, and two 4‑bedroom apartments; 16 bedrooms, 16 full bathrooms, and one half bathroom
