Omega Home Builders

What Omega Home Builders does

Omega Home Builders is a privately held real estate investment and development firm headquartered at 2050 Bennett Rd., Philadelphia, PA 19116, founded in 2013 by Roman Ovrutsky. The company is vertically integrated across the residential development lifecycle in the Philadelphia metro area, encompassing property acquisition, ground-up construction, interior design, sales, and rentals. Its product surface spans single-family homes, duplexes, townhomes, multi-unit affordable housing, and luxury rental communities across Philadelphia, Bucks, and Montgomery Counties, with named developments including Marston Walk (23 rowhomes), The Chatham Six, The Five at Ingersoll, Buxmont Estates, 2402 W Jefferson, 2426-28 Jasper, 1616-22 N 54th (affordable), 2325 N 33rd, Ridge Pointe Luxury Apartments, Walnut Mill Lofts, and Perkiomen Courts. The firm claims cumulative production of over 250 new construction homes by 2022.

The business operates through multiple revenue streams. For-sale inventory is priced between approximately $400,000 and $620,000 per unit, with most properties benefitting from a 10-year tax abatement marketed as a buyer/investor incentive. Recurring rental income is generated from Marston Walk ($2,250/month per unit, 23 units), 2325 N 33rd ($1,050-$2,000/month across studio to 3-bedroom configurations), Walnut Mill Lofts, and Ridge Pointe Luxury Apartments. A wholesale building materials subsidiary, Omega Building Supply, sells construction inputs at omegabuildingsupply.com, and an in-house interior design and staging function (Romi Designs, plus affiliated R&R Staging owned by lead designer Romina Ustayev) is offered to buyers as a complimentary consultation. No proprietary software, technology platform, or AI/ML capability is identified; the underlying "technology" is conventional real estate development, construction management, and direct-to-consumer distribution. The firm's customer base spans individual homebuyers (including first-time buyers leveraging 10-year tax abatement), real estate investors (marketed with cap rates of approximately 6.5% and rental income projections), and affordable housing tenants, with go-to-market executed through the company website, a dedicated sales phone line (267-317-8845), and Instagram.

Name

Omega Home Builders

Legal name

Omega Home Builders

Website

https://omegahomebuilders.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Omega Home Builders is a privately held Philadelphia-based real estate investment and development firm that vertically integrates acquisition, construction, interior design, sales, and rentals of residential new-construction properties (townhomes, duplexes, single-family, and multi-unit affordable housing) across Philadelphia, Bucks, and Montgomery Counties, serving individual homebuyers, renters, investors, and affordable housing tenants.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (2361)

SIC

Operative Builders (1531), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), Residential Luxury / High-End Home Construction (IMAFABAJ)

Keywords

• Residential real estate development
• New construction homes
• Property management services
• Building supplies wholesale
• Interior design staging

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Property Sales: New construction residential properties sold to buyers. Revenue generated from single-family homes, duplexes, townhomes, and multi-unit developments. Includes properties like The Chatham Six, Perkiomen Courts, The Five at Ingersoll, and Buxmont Estates.
2. Property Rentals: Residential rental properties including Marston Walk (23 homes), 2325 N 33rd Street, 1616-1620-22 N 54th Street multi-unit complex, Walnut Mill Lofts, and Ridge Pointe Luxury Apartments. Monthly rental income from tenants.
3. Building Supplies Wholesale: Omega Building Supply subsidiary sells wholesale building materials and supplies through omegabuildingsupply.com.
4. Interior Design & Staging Services: Romi Designs subsidiary provides interior design and staging services for properties. In-house designer provides complimentary consultations for home buyers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Omega Home Builders is a vertically integrated real estate investment and development firm that acquires, develops, constructs, sells, and rents new construction residential properties across the Philadelphia metro area (Philadelphia, Bucks, and Montgomery Counties). The company builds single-family homes, duplexes, townhomes, and multi-unit apartment developments, then sells or rents them directly to end buyers and tenants. The firm also operates a wholesale building materials subsidiary (Omega Building Supply) and an interior design and staging subsidiary (Romi Designs / R&R Staging), most offering 10-year tax abatement.

Product overview

Omega Home Builders is a private real estate investment and development firm offering a portfolio of residential products and services. The core offering includes new construction homes for sale and rent across the Philadelphia region (Bucks, Montgomery, and Philadelphia Counties). The company operates two primary sub-brands: Omega Building Supply (wholesale building materials) and Romi Designs (interior design and staging services). Property portfolio includes rental communities (Marston Walk with 23 homes, Ridge Pointe Luxury Apartments, Walnut Mill Lofts), for-sale townhomes (The Chatham Six, The Five at Ingersoll, Buxmont Estates, Marston Walk for-sale units), duplex investments (2402 W Jefferson St, 2426-28 Jasper St), affordable housing (1616-22 N 54th Street), and mixed-use properties (2325 N 33rd Street). Past projects include Perkiomen Courts.

Differentiator

Problem solved

Functional benefit

Products and services

• Omega Home Builders New Construction Homes (For Sale) Brand-new construction single-family homes, townhomes, and duplexes sold to individual homebuyers and investors across Philadelphia, Bucks, and Montgomery Counties, with 10-year tax abatement on most properties.
• Omega Home Builders Residential Rentals Brand-new construction rental homes and apartments leased directly to tenants across multiple Philadelphia neighborhoods, ranging from studios to 3-bedroom units at $1,050 to $2,250 per month.
• Marston Walk Rental Community Collection of 23 new construction 3-bedroom/3-bath rowhomes (approximately 1,800 sq ft each) with private rooftop decks, 10-year tax abatement, and move-in promotions such as first month free.
• Ridge Pointe Luxury Apartments Luxury apartment complex for rent managed by Omega Home Builders.
• Walnut Mill Lofts Loft-style residential property for rent in Phoenixville managed by Omega Home Builders.
• The Chatham Six Townhomes Six-townhome new construction development at 3211 Chatham St, Philadelphia, with 4 bedrooms, 4 bathrooms, approximately 2,724 sq ft, rooftop decks, 10-year tax abatement, and complimentary in-house design consultation. Starting at $510,000.
• The Five at Ingersoll Townhomes Luxury townhome development in the Francisville neighborhood featuring 4 bedrooms, 4 bathrooms, approximately 2,500 sq ft, with smart home package, LED lighting, custom cabinetry, and rooftop decks. Units priced from $493,500 to $519,500.
• Buxmont Estates New Construction Homes New construction homes at 340-350 Buxmont St featuring 4 bedrooms, 3.5 bathrooms, approximately 2,600 sq ft with designer kitchens, granite/quartz tops, 1-car garage, and 10-year tax abatement. Priced at $599,900.
• 2402 W Jefferson St Duplex Investment Property Two-unit new construction duplex in Brewerytown marketed to investors with 10-year tax abatement, 1-year builder warranty, and a 6.5% cap rate. Bottom unit (2 bed/2.5 bath) and top unit (3 bed/3 bath); sold for $560K.
• 2426-28 Jasper St Duplex Brand new construction duplex in Philadelphia featuring a 3-bedroom unit with large backyard patio and a 2-bedroom unit with massive roofdeck and center city views. Built 2020; rooftop deck and stainless steel appliances.
• 1616-22 N 54th Street Affordable Housing Affordable housing development offering 1- and 2-bedroom options with multiple floor plans across two buildings, including 3-bedroom/3-bath and 2-bedroom/2-bath units.
• 2325 N 33rd Street Property Brand-new construction property near Fairmount Park offering modern finishes with units ranging from studio to 3-bedroom configurations. Unit A (3 bed/3 bath) at $2,000/month, Unit B (Studio) at $1,050/month, Unit D (2 bed/2 bath with roof deck) at $1,900/month.
• Omega Building Supply (Wholesale Building Materials) Wholesale subsidiary selling building materials and supplies at better quality and better prices via its own e-commerce platform at omegabuildingsupply.com, serving contractors and construction trades.
• Romi Designs Interior Design & Staging Services In-house interior design and staging brand offering cost-effective design for rental projects, hands-on experience for pre-sale buyers, and high-quality staging for finished properties, including complimentary design consultations for home buyers.

Quantifiable outcome

• Over 250 new construction homes completed or planned by 2022
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• R&R Staging and Interior DesigncoreStrategic or Co-development PartnerR&R Staging and Interior Design is owned by Romina Ustayev, Omega Home Builders' Lead Designer & Marketing Executive. The company provides staging services for Omega's finished properties and interior design consultation for buyers. Website: rrstagingdesign.com
• Omega Kitchens and DecorcoreStrategic or Co-development PartnerOmega Kitchens and Decor (omegakitchensanddecor.com) is shown in the Partners section alongside R&R Staging. Likely provides kitchen and décor products for Omega Home Builders construction projects.
• Omega Building SupplycoreStrategic or Co-development PartnerOmega Building Supply (omegabuildingsupply.com) is a subsidiary/brand of Omega Home Builders that sells wholesale building materials and supplies. Prominently featured on the main website as a core brand.
• Romi DesignscoreStrategic or Co-development PartnerRomi Designs (romi-designs.com) is the in-house interior design brand of Omega Home Builders. Romina Ustayev serves as Lead Designer providing complimentary design consultations for buyers of properties like The Five at Ingersoll and The Chatham Six.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Opendoor: Tech-enabled residential real estate platform that buys, renovates, and resells homes. Comparable at the intersection of new-construction-adjacent resale and direct-to-consumer sales motion, though operating as an iBuyer rather than a builder.

Direct peers

• Post Brothers: Philadelphia-based multifamily and mixed-use developer and operator with a similar build-and-hold/sell hybrid model. Comparable scale, same metro, and overlapping customer base in Philadelphia rentals and for-sale housing.
• Alterra Property Group: Philadelphia-based real estate development and investment firm operating across residential and mixed-use projects in the same metro. Comparable size and similar mix of for-sale and rental product.
• Dranoff Properties: Long-standing Philadelphia real estate developer with a portfolio spanning residential, mixed-use, and adaptive reuse in the same metro. Comparable boutique developer profile and urban infill focus.
• The Atlantic Realty Group: Philadelphia-area residential developer and builder of new construction townhomes and single-family homes. Direct comparable on product type (townhomes, duplexes), price band, and metro geography.

Broad incumbents

• Progress Residential: Institutional single-family rental operator and build-to-rent developer. Comparable on the build-to-rent thesis that Omega is pursuing with Marston Walk, though at meaningfully larger scale and backed by institutional capital.
• Beazer Homes: National public homebuilder with product overlap on entry-level and move-up single-family homes. Comparable construction-and-sale business model though diversified across multiple US metros.
• M/I Homes: National public homebuilder of single-family and townhome product. Comparable core offering (new construction for-sale residential) though at substantially larger scale and with publicly disclosed financials.
• Hovnanian Enterprises: National public homebuilder with active operations across multiple metros including Mid-Atlantic. Comparable on for-sale single-family and townhome product but at materially larger scale and broader geography.

Regional players

• Stoltz Management: Mid-Atlantic real estate investment and management firm active across Pennsylvania including multifamily and mixed-use. Comparable as a Philly-region operator/developer, though broader geographically and asset-class diverse.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/p/CP4XF-4DnqC
• Facebookfacebook.com/omegahomebuilders
• LinkedInlinkedin.com/company/omegahomebuilders

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Omega Home Builders