Residential Property with Private Roof
For Sale
$399,000
631 W OXFORD STREET Unit 2, Philadelphia, PA 19122
A bi-level layout pairs two private outdoor areas with in-unit laundry and generous storage.
Property Size1,794 SF
Days on Market32
Property Features for 631 W OXFORD STREET Unit 2
General Information
Standard status
Active
Size
1,794 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
North Philadelphia
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,207
Amenities
private balcony
private roof deck
in-unit laundry
wet bar
Building Details
Building Size
1,794 SF
Year Built
2017
Listing Agency:
SERHANT PENNSYLVANIA LLC
Listed By:
Justyna A Goldman · License #RS359180
(267) 290-6872
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 31
Last Checked: Nov 1 at 1:52PM
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 SERHANT PENNSYLVANIA LLC
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Investment Insights
Based on property information with market context.
This 2017 residence occupies the second and third floors in a bi-level configuration. The home includes three bedrooms and three full bathrooms, with an open living and dining area connected to the kitchen. A private balcony extends the main living level outdoors, while an additional private roof deck provides a second outdoor area. Other features include in-unit laundry, a wet bar, and storage space. The property has a tax abatement through 2027.
The residence is near Olde Kensington, Fishtown, Northern Liberties, and Temple University. Billy Penn Studios and Human Robot are a three-minute walk away; dining, shopping, and neighborhood amenities are also nearby.
The residence is near Olde Kensington, Fishtown, Northern Liberties, and Temple University. Billy Penn Studios and Human Robot are a three-minute walk away; dining, shopping, and neighborhood amenities are also nearby.
Key Highlights
- Three bedrooms and three full bathrooms
- Private balcony and private roof deck
- Bi‑level residence spanning the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,219
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$564,380
$564.4K
Cap Rate 7%
$403,129
$403.1K
Cap Rate 9%
$313,544
$313.5K
Market Conditions
NOI Build-Up for 1,794 SF
Gross rent
$54.5K $30.36/SF
− Vacancy
−$3.2K −$1.76/SF
EGI
$51.3K $28.60/SF
− OpEx
−$23.1K −$12.87/SF
NOI
$28.2K $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 Rate 5%
$564,380
Cap Rate 7%
$403,129
Cap Rate 9%
$313,544
Alternative Uses
Best Use
Apartment 5plus
$403.1K
$352.7K – $470.3K
NOI $28,219 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$437.3K
$382.7K – $510.2K
NOI $30,614 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,612
Businesses Nearby
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Business Placement
Demographics for 19122, PA
26,668
Population
10,139
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
20,514
Density / Sq Mi
$57,785
Median Household Income
$31,871
Median Earnings
$1,294
Median Rent
$341,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A bi-level layout pairs two private outdoor areas with in-unit laundry and generous storage.
Where is this residential income property located?
The property is located at 631 W OXFORD STREET Unit 2 Philadelphia, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three bedrooms and three full bathrooms; Private balcony and private roof deck; Bi‑level residence spanning the second and third floors
