PHILADELPHIA, PA 19122 Philadelphia, PA 19122
MULTI_FAMILY - PHILADELPHIA, PA
- 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 (267) 626-7613
Listing office BHHS Fox & Roach At the Harper Rittenhouse Square PA (215) 546-0550
Listing date Jul 17, 2025
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.
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 |