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Renovated Legal Triplex with Central Air
New
For Sale
$400,000

2932 W OXFORD STREET, Philadelphia, PA 19121

Legal triplex renovated and legalized in 2023 with central air, separate utilities per unit, and two vacant units for lease-up.

Property Size2,444 SF
Price / SF$163.67
Days on Market5

Property Features for 2932 W OXFORD STREET

General Information

Standard status Active
Size 2,444 SF
Property subtype Triplex

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Gross Income $50,400
Sprinkler System Yes

Amenities

central air conditioning
common laundry area
extra storage
fire alarm system

Building Details

Year Built 1915
Year Renovated 2023
Stories 3
Tenancy Multi
Listing Agency: BHHS Fox & Roach-Center City Walnut
Listed By: George E Maynes · License #AB067539
Source: Cummingsrealtors
Added: Jul 27 Changed: Jul 30 Last Checked: Jul 31 at 5:40AM

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 BHHS Fox & Roach-Center City Walnut

Investment Insights

Based on property information with market context.

This legal triplex was renovated and legalized in 2023 and includes two spacious 3-bedroom, 1-bath apartments plus one 2-bedroom, 1-bath apartment. The first- and second-floor units are vacant, allowing for immediate lease-up, while the third-floor unit is occupied on a month-to-month lease. Central air is provided in all three units, and each apartment has its own separate gas and electric service. The property is supported by a sprinkler system and a fire alarm system, plus a common laundry area and extra storage in the basement.

The building was constructed in 1915 and is situated near Fairmount Park, Temple University, Center City, major highways, and public transportation.

The seller’s projections indicate a 9.03% stabilized cap rate, and the property includes a 10-year Philadelphia tax abatement effective in 2025. A flat monthly water fee is paid by tenants, along with their own gas and electric.

Key Highlights

  • Renovated and legalized in 2023, legal triplex with two vacant units for immediate lease‑up
  • Two 3‑bedroom, 1‑bath units plus one 2‑bedroom, 1‑bath unit; third‑floor unit on a month‑to‑month lease
  • Central air in all three units plus separate gas and electric service for each apartment

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Kitchen & Bath Showroom Building Supply Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,195
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal triplex renovated and legalized in 2023 with central air, separate utilities per unit, and two vacant units for lease-up.
Where is this triplex located?
The property is located at 2932 W OXFORD STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Renovated and legalized in 2023, legal triplex with two vacant units for immediate lease‑up; Two 3‑bedroom, 1‑bath units plus one 2‑bedroom, 1‑bath unit; third‑floor unit on a month‑to‑month lease; Central air in all three units plus separate gas and electric service for each apartment
More about this property
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