Mixed-Use 4-Unit
2308 CECIL B MOORE AVENUE Philadelphia, PA 19121
For Sale
$425,000
Pending
MULTI_FAMILY - PHILADELPHIA, PA
Property Size2,812 SF
Days on Market79
Property Features for 2308 CECIL B MOORE AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Pending
- Size
- 2,812 SF
Building Details
- Year built
- 1920
Listing Agency:
BHHS Fox & Roach Wayne-Devon Sales Office
(610) 651-2700
Listed By:
Alina Xie · License #RS338386
(732) 513-6855
Added: May 6
Changed: Jul 23
Last Checked: Jul 23 at 9:06PM
MLS# PAPH2617848
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.
2308 Cecil B. Moore Ave presents a 4-unit mixed-use setup with three occupied 1BR/1BA residential apartments positioned above a street-level commercial space. The commercial storefront is currently vacant and is intended for owner use or potential additional income. The residential units are described as rented below market, with leases primarily structured on a month-to-month basis.
The property is positioned along the Ridge Ave and Cecil B. Moore corridors and is located within a Qualified Opportunity Zone (QOZ). The offering also notes low taxes. Rental demand for 1-bedroom apartments is cited as supporting stable occupancy, whether targeting market-rate tenants or voucher programs. Pro forma projections indicate an estimated 9.5%–10% CAP rate, with the reminder that the buyer should verify assumptions.
2310 Cecil B Moore is also listed for sale.
The property is positioned along the Ridge Ave and Cecil B. Moore corridors and is located within a Qualified Opportunity Zone (QOZ). The offering also notes low taxes. Rental demand for 1-bedroom apartments is cited as supporting stable occupancy, whether targeting market-rate tenants or voucher programs. Pro forma projections indicate an estimated 9.5%–10% CAP rate, with the reminder that the buyer should verify assumptions.
2310 Cecil B Moore is also listed for sale.
Key Highlights
- 1920‑built 4‑unit mixed‑use property with three occupied 1BR/1BA residential units over a street‑level commercial space
- Street‑level commercial storefront currently vacant and available for owner use or additional income potential
- Three residential units have primarily month‑to‑month leases, creating potential rent‑up/repositioning upside
Financial Insights For Retail
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 | $50.6k | $18.00 |
| − Vacancy | −$5.2k | −$1.85 |
| EGI | $45.4k | $16.15 |
| − OpEx | −$13.6k | −$4.84 |
| NOI | $31.8k | $11.30 |
2,812 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$685.5K
$599.8K – $799.8K
NOI $47,986 @ 7.0% cap · market cap 11.29%
Second Best
Apartment 5plus
$631.9K
$552.9K – $737.2K
NOI $44,231 @ 7.0% cap · market cap 10.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three 1BR/1BA apartments above a vacant street-level storefront with QOZ designation.
Where is this triplex located?
The property is located at 2308 CECIL B MOORE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1920‑built 4‑unit mixed‑use property with three occupied 1BR/1BA residential units over a street‑level commercial space; Street‑level commercial storefront currently vacant and available for owner use or additional income potential; Three residential units have primarily month‑to‑month leases, creating potential rent‑up/repositioning upside
