Renovated Three-Unit
For Sale
$625,000
2819 W OXFORD Street, Philadelphia, PA 19121
Multi-Family, PHILADELPHIA, PA
Property Size1,963 SF
Lot Size0.02 Acres
Price / SF$318.39
Days on Market93
Property Features for 2819 W OXFORD Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement, Dining Room
Parking features
On Street
Interior features
Combination Dining/Living, Combination Kitchen/Dining, Floor Plan - Open, Kitchen - Efficiency, Kitchen - Island, Recessed Lighting, Sprinkler System, Upgraded Countertops
Appliances
Stove, Refrigerator, Microwave, Dishwasher
Subdivision
BREWERYTOWN
Elementary school district
PHILADELPHIA CITY
Middle school district
PHILADELPHIA CITY
High school district
PHILADELPHIA CITY
Standard status
Active
Size
1,963 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
4381
Utilities
Heating system
Forced Air
Cooling system
Ductless
Amenities
in-unit laundry
private fenced patio
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Houwzer, LLC
(267) 765-2080
Listed By:
Patricia M Gesswein · License #068287
(732) 620-0435
Added: Jun 16
Changed: Aug 19
Last Checked: Sep 16 at 2:06AM
MLS# PAPH2629804
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 1,963-square-foot triplex contains three apartments: two two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Interior features include open-plan living areas, exposed brick accents, high ceilings, luxury vinyl plank flooring, recessed lighting, and contemporary finishes. Kitchens offer upgraded countertops, oversized islands, and stainless steel appliances, while each unit includes in-unit laundry and ductless mini-split cooling. The property was renovated with a newer roof, windows, electrical, plumbing, HVAC systems, and sprinkler system. Masonry construction dates to 1915, with forced-air heating and on-street parking.
The property occupies 0.0244 acres at 2819 W Oxford Street in Philadelphia's 19121 ZIP code. It is near Fairmount Park and Brewerytown dining, shopping, and entertainment, with access to Center City, University City, I-76, I-95, and public transportation. A fenced patio provides private outdoor space.
The property occupies 0.0244 acres at 2819 W Oxford Street in Philadelphia's 19121 ZIP code. It is near Fairmount Park and Brewerytown dining, shopping, and entertainment, with access to Center City, University City, I-76, I-95, and public transportation. A fenced patio provides private outdoor space.
Key Highlights
- Three‑unit layout with two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment
- 1,963 square feet on 0.0244 acres at 2819 W Oxford Street
- Renovated 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
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Current Use
Lease Details
3
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Legally zoned triplex with updated systems, open layouts, in-unit laundry, and a fenced private patio.
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 layout with two 2‑bedroom, 1‑bath apartments and one 1‑bedroom, 1‑bath apartment; 1,963 square feet on 0.0244 acres at 2819 W Oxford Street; Renovated roof, windows, electrical, plumbing, HVAC systems, and sprinkler system
