Mixed-Use Building with Ground-Floor
1937 Cecil B Moore Avenue Philadelphia, PA 19121
1937 Cecil B Moore Avenue, Philadelphia, PA, 19121
$875,000
For Sale
$875,000
Fully renovated mixed-use building with three occupied residential units above a ground-floor commercial space.
Property Size4,350 SF
Price / SF$201.15
Days on Market157
Property Features for 1937 Cecil B Moore Avenue
General Information
- Standard status
- Active
- Size
- 4,350 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1915
Listing agency
SDG Management, LLC
(908) 217-3922
Listed by
Jason Kleinman
(908) 217-3922
Source
Xome
Added: Feb 14 Updated: Jul 21 at 12:49PM Checked: Jul 21 at 12:49PM
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 SDG Management, LLC
Investment Insights
Based on property information with market context.
1937 Cecil B. Moore Ave is a fully renovated mixed-use property with three residential units above a ground-floor commercial space. Photos were taken prior to installation of appliances and tenants moving in, and all units are currently occupied. The residential portion includes three apartments totaling 7 bedrooms, and the full renovation was completed in 2021 with updated systems.
The property also benefits from tax abatement with five years remaining. With unabated taxes, it is reported to be producing an NOI of $60,536, operating at a 6.92% cap rate and supporting a 1.27 DSCR.
Overall, the building’s renovated mixed-use configuration is presented as a stabilized income-producing asset.
The property also benefits from tax abatement with five years remaining. With unabated taxes, it is reported to be producing an NOI of $60,536, operating at a 6.92% cap rate and supporting a 1.27 DSCR.
Overall, the building’s renovated mixed-use configuration is presented as a stabilized income-producing asset.
Key Highlights
- Fully renovated mixed‑use building: three occupied residential units above a ground‑floor commercial space
- Renovated in 2021 and features central air and heating (3)
- Includes 3 residential apartments totaling 7 bedrooms
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 | $112.2k | $25.80 |
| − Vacancy | −$6.2k | −$1.42 |
| EGI | $106.0k | $24.38 |
| − OpEx | −$31.8k | −$7.31 |
| NOI | $74.2k | $17.06 |
4,350 SF · lease $25.80/SF/yr · vacancy 5.51% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.9K – $1.24M
NOI $74,232 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$977.5K
$855.3K – $1.14M
NOI $68,423 @ 7.0% cap · market cap 7.82%
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
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully renovated mixed-use building with three occupied residential units above a ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 1937 Cecil B Moore Avenue Philadelphia, PA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Fully renovated mixed‑use building: three occupied residential units above a ground‑floor commercial space; Renovated in 2021 and features central air and heating (3); Includes 3 residential apartments totaling 7 bedrooms
