Turnkey 5-Plex Apartment
For Sale
$869,000
2914 Oxford Street, Philadelphia, PA 19121
Turnkey 5-plex featuring in-unit washer/dryers and a unit mix of studio, one-, and two-bedroom homes.
Property Size3,439 SF
Price / SF$252.69
Days on Market286
Property Features for 2914 Oxford Street
General Information
Standard status
Active
Size
3,439 SF
Property subtype
Multi-Family
Financials
Cap Rate
7.5%
Business Included
Yes
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$3,958
Amenities
Central Air
3
Vinyl
RSA5
Corner Lot.
No Parking.
City
20.00 x 82.00
Corner, Urban.
Building Details
Year Built
2022
Listing Agency:
(610) 606-1095
Listed By:
Keller Williams Liberty Place
(610) 606-1095
Source:
Xome
Added: Oct 31, 2025
Changed: Aug 12
Last Checked: Aug 12 at 3:31AM
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 Liberty Place
Investment Insights
Based on property information with market context.
Introducing 2914 W Oxford Street: a turnkey 5-plex apartment building developed by Baker Street Partners. The property is configured with two 1-bedroom units, two 2-bedroom units, and one studio, totaling approximately 3,440 SF. Each unit includes in-unit washer/dryer, and the units are described as having luxury interiors and ample natural light via corner exposure.
The building is positioned on a quiet hilltop corner with street presence at the corner of Oxford and Hollywood. The remarks also note easy access to Fairmount Park outdoor recreation, including trails and courts. The offering is presented as delivering an attractive 7.5% cap rate and includes a full 10-year tax abatement, with buyers responsible for verifying all details during due diligence, including square footage, taxes, and financials.
The building is positioned on a quiet hilltop corner with street presence at the corner of Oxford and Hollywood. The remarks also note easy access to Fairmount Park outdoor recreation, including trails and courts. The offering is presented as delivering an attractive 7.5% cap rate and includes a full 10-year tax abatement, with buyers responsible for verifying all details during due diligence, including square footage, taxes, and financials.
Key Highlights
- 2022‑built 5‑plex apartment building with 3,440 SF, located on the corner of Oxford and Hollywood in Brewerytown
- Unit mix includes two 1BD, two 2BD, and one studio apartment
- Full 10‑year tax abatement is in place (buyer to verify in DD)
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
$54,094
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
6.22%
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%
$1,081,880
$1.1M
Cap Rate 7%
$772,771
$772.8K
Cap Rate 9%
$601,044
$601.0K
Market Conditions
NOI Build-Up for 3,439 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
$104.4K $30.36/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$98.4K $28.60/SF
− OpEx
−$44.3K −$12.87/SF
NOI
$54.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
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%
$1,081,880
Cap Rate 7%
$772,771
Cap Rate 9%
$601,044
Alternative Uses
Best Use
Apartment 5plus
$772.8K
$676.2K – $901.6K
NOI $54,094 @ 7.0% cap · market cap 6.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$838.4K
$733.6K – $978.1K
NOI $58,686 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Turnkey business
Opportunity
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?
Apartment building - Turnkey 5-plex featuring in-unit washer/dryers and a unit mix of studio, one-, and two-bedroom homes.
Where is this apartment building located?
The property is located at 2914 Oxford Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: 2022‑built 5‑plex apartment building with 3,440 SF, located on the corner of Oxford and Hollywood in Brewerytown; Unit mix includes two 1BD, two 2BD, and one studio apartment; Full 10‑year tax abatement is in place (buyer to verify in DD)
