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Renovated Mixed-Use 4-Unit Property

PHILADELPHIA, PA 19122 Philadelphia, PA 19122

Claim this Listing
For Sale
$689,000

MULTI_FAMILY - PHILADELPHIA, PA

Type:Single Family Residence
Property size:
3,324 SF
Price / SF:
$207/SF
Added:
Jul 17, 2025
Days on Market:
361
Last Refresh:
Jul 12 at 5:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Single Family Residence
Standard status
Active
Size
3,324 SF

Building Details

Year built
1915

Listing agent Reid Rosenthal

Listing office BHHS Fox & Roach At the Harper Rittenhouse Square PA

Listing date Jul 17, 2025

MLS# PAPH2514994

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 fully renovated mixed-use 4-unit property includes a first-floor 2-bedroom, 1-bath unit with a dedicated entrance, private backyard, in-unit laundry, and access to basement storage. The building also includes two second-floor 1-bedroom, 1-bath units and a third-floor 2-bedroom, 1-bath unit, each with in-unit laundry and modern finishes.

The property is separately metered and was renovated approximately two years ago. Renovation scope includes a new roof, all-new kitchens and bathrooms, updated lighting, and refreshed mechanical systems.

The first-floor unit is set up for residential and commercial flexibility, while the upper floors provide independent, contemporary living space across four total units.

Key Highlights

  • 4‑unit mixed‑use property at 623 W Oxford St built in 1915, fully renovated about two years ago.
  • First‑floor 2BR/1BA includes dedicated entrance, private backyard, in‑unit laundry, and access to basement storage.
  • Two second‑floor 1BR/1BA units feature recessed/pendant lighting, gray shaker cabinetry, and quartz countertops.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $85.8k $25.80
− Vacancy −$4.7k −$1.42
EGI $81.0k $24.38
− OpEx −$24.3k −$7.31
NOI $56.7k $17.06
3,324 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$810.3K
$709.1K – $945.4K (±1% cap)
NOI $56,724 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$746.9K
$653.6K – $871.4K (±1% cap)
NOI $52,285 @ 7.0% cap · market cap 7.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Quadplexes

FAQs

What type of property is this?
Quadplex - Fully renovated 4-unit building with separately metered units and modern interiors, including a versatile first-floor layout.
Where is this quadplex located?
The property is located at Philadelphia, PA.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 4‑unit mixed‑use property at 623 W Oxford St built in 1915, fully renovated about two years ago.; First‑floor 2BR/1BA includes dedicated entrance, private backyard, in‑unit laundry, and access to basement storage.; Two second‑floor 1BR/1BA units feature recessed/pendant lighting, gray shaker cabinetry, and quartz countertops.
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