Renovated 3-Unit Apartment
For Sale
$495,000
2417 CECIL B MOORE AVENUE, Philadelphia, PA 19121
Fully leased multifamily property with renovated interiors and in-unit laundry in every apartment.
Property Size2,232 SF
Days on Market61
Property Features for 2417 CECIL B MOORE AVENUE
General Information
Standard status
Active
Size
2,232 SF
Property subtype
Triplex
Occupancy
100%
Net Operating Income
$40,104
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Additional Details
Cap Rate
8.05%
Taxes and HOA fees
Annual Taxes
$6,914
Amenities
in-unit washer/dryer
private roof access
Building Details
Building Size
2,232 SF
Year Built
1915
Year Renovated
2020
Buildings
1
Listing Agency:
SDG Management, LLC
Listed By:
Jason Kleinman · License #RS362457
(908) 217-3922
Source:
Patmckennarealtors
Added: Jul 7
Changed: Aug 31
Last Checked: Sep 5 at 6:56AM
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.
This three-unit apartment building was renovated in 2020 and is fully leased. Each residence includes two bedrooms, modern finishes, and an in-unit washer and dryer. The third unit also provides private access to the roof, with city views from above the building.
Located at 2417 Cecil B Moore Avenue in Philadelphia, the property is near Girard College. A tax abatement has 5.5 years remaining, and the reported 8.05% cap rate adds a measurable investment metric for evaluation. The building was originally constructed in 1915.
Located at 2417 Cecil B Moore Avenue in Philadelphia, the property is near Girard College. A tax abatement has 5.5 years remaining, and the reported 8.05% cap rate adds a measurable investment metric for evaluation. The building was originally constructed in 1915.
Key Highlights
- Three fully leased apartment units, each with a two‑bedroom layout
- 2020 renovation with updated finishes throughout
- In‑unit washer and dryer in all three apartments
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
$38,089
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
7.69%
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%
$761,780
$761.8K
Cap Rate 7%
$544,129
$544.1K
Cap Rate 9%
$423,211
$423.2K
Market Conditions
NOI Build-Up for 2,232 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
$57.6K $25.80/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$54.4K $24.38/SF
− OpEx
−$16.3K −$7.31/SF
NOI
$38.1K $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%
$761,780
Cap Rate 7%
$544,129
Cap Rate 9%
$423,211
Alternative Uses
Best Use
Multifamily LT 5
$544.1K
$476.1K – $634.8K
NOI $38,089 @ 7.0% cap · market cap 7.69%
Second Best
Apartment 5plus
$501.5K
$438.9K – $585.1K
NOI $35,108 @ 7.0% cap · market cap 7.09%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,502
Businesses Nearby
Explore this area
Business Placement
Demographics for 19121, PA
41,799
Population
19,673
Households
2.1
Avg Household Size
28
Median Age
25%
College-Educated
84%
High-School Grad
2.4 sq mi
ZIP Area
17,416
Density / Sq Mi
$36,208
Median Household Income
$29,915
Median Earnings
$1,082
Median Rent
$250,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with renovated interiors and in-unit laundry in every apartment.
Where is this triplex located?
The property is located at 2417 CECIL B MOORE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Three fully leased apartment units, each with a two‑bedroom layout; 2020 renovation with updated finishes throughout; In‑unit washer and dryer in all three apartments
