Renovated Triplex with Three
For Sale
$425,000
6120 West Oxford Street, Philadelphia, PA 19151
Updated multifamily property with two-bedroom and one-bedroom apartments, including a bi-level unit.
Property Size2,256 SF
Price / SF$188.39
Days on Market181
Property Features for 6120 West Oxford Street
General Information
Standard status
Active
Size
2,256 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
RSA3
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,759
Amenities
Yes
1
2+ Access Exits
No
No Pool
Above Grade, Below Grade
Porch(es)
Building Details
Year Built
1925
Listing Agency:
RE/MAX Affiliates
(610) 416-9396
Listed By:
Candice H Allen · License #RS365241
(610) 416-9396
Source:
Compass
Added: Mar 2
Changed: Aug 29
Last Checked: Aug 29 at 5:45PM
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 RE/MAX Affiliates
Investment Insights
Based on property information with market context.
This renovated triplex contains 2,256 square feet and offers three apartments: two two-bedroom, one-bath units and one one-bedroom, one-bath unit. One of the two-bedroom apartments is bi-level. The 1925 property includes above-grade and below-grade space, porch(es), abundant windows, and updated interiors throughout.
Located on West Oxford Street in Philadelphia’s Overbrook neighborhood, the property is near Lancaster and City Avenues and St. Joseph’s University. Public transportation provides access to Center City and surrounding areas. The property is identified with RSA3 zoning and falls within the School District of Philadelphia.
Located on West Oxford Street in Philadelphia’s Overbrook neighborhood, the property is near Lancaster and City Avenues and St. Joseph’s University. Public transportation provides access to Center City and surrounding areas. The property is identified with RSA3 zoning and falls within the School District of Philadelphia.
Key Highlights
- Three‑apartment triplex with two 2 bedroom / 1 bath units and one 1 bedroom / 1 bath unit
- One 2 bedroom / 1 bath apartment is bi‑level
- 2,256 SF property built in 1925
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
$38,498
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
9.06%
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%
$769,960
$770.0K
Cap Rate 7%
$549,971
$550.0K
Cap Rate 9%
$427,756
$427.8K
Market Conditions
NOI Build-Up for 2,256 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
$58.2K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$55.0K $24.38/SF
− OpEx
−$16.5K −$7.31/SF
NOI
$38.5K $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%
$769,960
Cap Rate 7%
$549,971
Cap Rate 9%
$427,756
Alternative Uses
Best Use
Multifamily LT 5
$550.0K
$481.2K – $641.6K
NOI $38,498 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$506.9K
$443.6K – $591.4K
NOI $35,486 @ 7.0% cap · market cap 8.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 19151, PA
30,394
Population
15,084
Households
2
Avg Household Size
39
Median Age
28%
College-Educated
93%
High-School Grad
2.4 sq mi
ZIP Area
12,664
Density / Sq Mi
$58,046
Median Household Income
$42,504
Median Earnings
$1,167
Median Rent
$181,200
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?
Triplex - Updated multifamily property with two-bedroom and one-bedroom apartments, including a bi-level unit.
Where is this triplex located?
The property is located at 6120 West Oxford Street Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three‑apartment triplex with two 2 bedroom / 1 bath units and one 1 bedroom / 1 bath unit; One 2 bedroom / 1 bath apartment is bi‑level; 2,256 SF property built in 1925
