Renovated Two-Unit
New
For Sale
$339,000
2532 CECIL B MOORE AVENUE, Philadelphia, PA 19121
Separate laundry, updated building systems, and two independent residences support flexible occupancy.
Property Size1,730 SF
Price / SF$195.95
Days on Market3
Property Features for 2532 CECIL B MOORE AVENUE
General Information
Standard status
Active
Size
1,730 SF
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Keller Williams Real Estate-Doylestown
(215) 340-5700
Listed By:
Kimberley A Porter · License #RS281553
(267) 249-4991
Source:
Cummingsrealtors
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 2:26PM
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 Keller Williams Real Estate-Doylestown
Investment Insights
Based on property information with market context.
This 1,730-square-foot duplex, built in 1915, contains two residences arranged across multiple levels. The first has three bedrooms, a full bath, a living room, kitchen, and laundry area; the second includes two bedrooms, a full bath, a half bath, an eat-in kitchen, and its own laundry. Both kitchens have granite countertops, stone backsplashes, white cabinetry, and stainless steel appliances. New windows, doors, and LED recessed lighting accompany extensive mechanical and utility work.
The property has separate electrical metering and systems for each residence, plus service for the main house and common areas. New water and sewer lines, PEX and PVC plumbing, a sump pump, and fire suppression are among the infrastructure improvements. Each residence has its own HVAC equipment: a 2-ton ducted system in Unit A and a 3-ton multi-zone mini-split system with four wall units in Unit B. The address is on Cecil B. Moore Avenue, near neighborhood shops and restaurants, public transportation, Temple University, and Fairmount Park.
The property has separate electrical metering and systems for each residence, plus service for the main house and common areas. New water and sewer lines, PEX and PVC plumbing, a sump pump, and fire suppression are among the infrastructure improvements. Each residence has its own HVAC equipment: a 2-ton ducted system in Unit A and a 3-ton multi-zone mini-split system with four wall units in Unit B. The address is on Cecil B. Moore Avenue, near neighborhood shops and restaurants, public transportation, Temple University, and Fairmount Park.
Key Highlights
- Two residences with five bedrooms combined: three in Unit A and two in Unit B
- 1,730 square feet; built in 1915
- Separate laundry and HVAC systems for each unit
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
$29,522
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
8.71%
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%
$590,440
$590.4K
Cap Rate 7%
$421,743
$421.7K
Cap Rate 9%
$328,022
$328.0K
Market Conditions
NOI Build-Up for 1,730 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
$44.6K $25.80/SF
− Vacancy
−$2.5K −$1.42/SF
EGI
$42.2K $24.38/SF
− OpEx
−$12.7K −$7.31/SF
NOI
$29.5K $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%
$590,440
Cap Rate 7%
$421,743
Cap Rate 9%
$328,022
Alternative Uses
Best Use
Multifamily LT 5
$421.7K
$369.0K – $492.0K
NOI $29,522 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$388.7K
$340.2K – $453.5K
NOI $27,212 @ 7.0% cap · market cap 8.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry, updated building systems, and two independent residences support flexible occupancy.
Where is this duplex located?
The property is located at 2532 CECIL B MOORE AVENUE Philadelphia, PA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Two residences with five bedrooms combined: three in Unit A and two in Unit B; 1,730 square feet; built in 1915; Separate laundry and HVAC systems for each unit
