Triplex With Attached
For Sale
$514,900
300-302 CECIL B MOORE Avenue, Philadelphia, PA 19122
Multi-Family, PHILADELPHIA, PA
Property Size2,250 SF
Lot Size0.02 Acres
Price / SF$228.84
Days on Market533
Property Features for 300-302 CECIL B MOORE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
2
Parking features
Garage - Attached
Elementary school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Middle school district
THE SCHOOL DISTRICT OF PHILADELPHIA
High school district
THE SCHOOL DISTRICT OF PHILADELPHIA
Standard status
Active
Size
2,250 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
6908
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air, Window Unit(s)
Amenities
garage
vacant lot
yard
basement
Building Details
Year built
1915
Number of units
3
Building materials
Masonry
Architectural style
Other
Listing Agency:
Realty Mark Associates
(215) 376-4444
Listed By:
Seth C Brodsky · License #RS314858
(215) 376-4444
Added: Mar 16, 2025
Changed: Aug 19
Last Checked: Aug 30 at 4:06AM
MLS# PAPH2457082
Copyright © 2026 Bright MLS. 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 2,250-square-foot triplex includes three separately metered residential units, an attached two-car garage, and an adjoining vacant lot. The unit configuration includes a first-floor one-bedroom, one-bath apartment with access to the side yard and basement, plus two upper-level two-bedroom, one-bath units. The third-floor residence is configured as a larger one-bedroom layout. The masonry building was constructed in 1915 and features hot-water heating, central air, and window-unit cooling.
The property is located at 300-302 Cecil B Moore Avenue in Philadelphia’s North Kensington area, near the Fishtown and Frankford Avenue corridors. Public transportation is available in the surrounding area, and a café is located directly across the street. The adjoining lot provides additional exterior space, while the attached garage is currently unused and offers a separate component within the property.
The property is located at 300-302 Cecil B Moore Avenue in Philadelphia’s North Kensington area, near the Fishtown and Frankford Avenue corridors. Public transportation is available in the surrounding area, and a café is located directly across the street. The adjoining lot provides additional exterior space, while the attached garage is currently unused and offers a separate component within the property.
Key Highlights
- 2,250‑square‑foot triplex with three residential units
- Adjoining 0.0248‑acre vacant lot
- Attached two‑car garage
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
$38,396
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
7.46%
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%
$767,920
$767.9K
Cap Rate 7%
$548,514
$548.5K
Cap Rate 9%
$426,622
$426.6K
Market Conditions
NOI Build-Up for 2,250 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
$58.1K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$54.9K $24.38/SF
− OpEx
−$16.5K −$7.31/SF
NOI
$38.4K $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%
$767,920
Cap Rate 7%
$548,514
Cap Rate 9%
$426,622
Alternative Uses
Best Use
Multifamily LT 5
$548.5K
$480.0K – $639.9K
NOI $38,396 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$505.6K
$442.4K – $589.9K
NOI $35,391 @ 7.0% cap · market cap 6.87%
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
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,043
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit masonry property with an adjoining vacant lot, separately metered utilities, and a two-car attached garage.
Where is this triplex located?
The property is located at 300-302 CECIL B MOORE Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $514,900.
What are key features of this property?
This property features: 2,250‑square‑foot triplex with three residential units; Adjoining 0.0248‑acre vacant lot; Attached two‑car garage
