Office
For Sale
$375,000
2601 E Ontario St, Philadelphia, PA 19134
Office building with hot water, electric, and oil heating and on-street parking in Philadelphia.
Property Size1,932 SF
Price / SF$194.10
Days on Market50
Property Features for 2601 E Ontario St
General Information
Standard status
Active
Size
1,932 SF
Amenities
Hot Water, Electric, Oil
On Street
Building Details
Building Size
1,932 SF
Year Built
1920
Listing Agency:
Realty Mark
(215) 680-1136
Listed By:
Aggie Roberts · License #RS277846
(215) 680-1136
Source:
Evrealestate
Added: Jun 12
Changed: Jul 30
Last Checked: Jul 30 at 8:47AM
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 Realty Mark
Investment Insights
Based on property information with market context.
This office building at 2601 E Ontario St offers a mix of heating sources, including hot water, electric, and oil. Built in 1920, the property is equipped to support everyday office operations.
Parking is available on street. Directions listed include Richmond St onto E Ontario St. The property is located in Philadelphia, PA 19134.
The building’s configuration and systems support office use, with practical utilities for tenant comfort and day-to-day work.
Parking is available on street. Directions listed include Richmond St onto E Ontario St. The property is located in Philadelphia, PA 19134.
The building’s configuration and systems support office use, with practical utilities for tenant comfort and day-to-day work.
Key Highlights
- Office building built in 1920
- Heating includes hot water, electric, and oil
- On‑street parking available
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $21.96 |
| − Vacancy | −$8.5k | −$4.41 |
| EGI | $33.9k | $17.55 |
| − OpEx | −$8.5k | −$4.39 |
| NOI | $25.4k | $13.16 |
1,932 SF · lease $21.96/SF/yr · vacancy 20.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$363.2K
$317.8K – $423.7K
NOI $25,424 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,969 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 19134, PA
57,463
Population
25,290
Households
2.3
Avg Household Size
33
Median Age
18%
College-Educated
77%
High-School Grad
3.4 sq mi
ZIP Area
16,901
Density / Sq Mi
$41,849
Median Household Income
$35,858
Median Earnings
$1,179
Median Rent
$127,500
Median Home Value
Market
Vacancy Rate% for Office in Philadelphia, PA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office building with hot water, electric, and oil heating and on-street parking in Philadelphia.
Where is this office units located?
The property is located at 2601 E Ontario St Philadelphia, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Office building built in 1920; Heating includes hot water, electric, and oil; On‑street parking available
