PHILADELPHIA, PA 19121 Philadelphia, PA 19121
MULTI_FAMILY - PHILADELPHIA, PA
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 2,812 SF
Building Details
- Year built
- 1920
Listing agent Alina Xie (732) 513-6855
Listing office BHHS Fox & Roach Wayne-Devon Sales Office PA (610) 651-2700
Listing date May 6, 2026
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.
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
Local 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 |
