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2308 Cecil B Moore Ave, Philadelphia, PA 19121

$375,000
: 2,812
SqFt

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Sold Price: $375,000
List Price: $425,000
Closing Date: Sep 10, 2026
Status: CLOSED
MLS#: PAPH2617848
Living Area: 2,812
Lot Size (Acres): 0.03
Style: Straight Thru
Year Built: 1920
County: Philadelphia
School District: Philadelphia City

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Property Description

LOW TAX! 2308 Cecil B. Moore Ave is a strong cash-flowing 4-unit mixed-use investment opportunity positioned along the Ridge Ave & Cecil B. Moore corridors and located within a Qualified Opportunity Zone (QOZ). The property consists of three occupied 1BR/1BA residential units above a highly visible street-level commercial space, currently vacant and for owner use or additional income potential. 2310 Cecil B Moore is also for sale. All residential units are currently rented below market with primarily month-to-month leases, offering immediate upside through lease optimization and repositioning. Strong rental demand for 1-bedroom apartments in the area continues to support stable occupancy and predictable operations, whether targeting market-rate tenants or voucher programs. The commercial storefront benefits from excellent street exposure, steady neighborhood traffic, and flexible potential uses. Pro forma projections indicate an estimated 9.5%–10% CAP rate (buyer to verify), supported by the property’s efficient unit mix, rental upside, and mixed-use income potential.

215-669-6079

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Additional Information

Area: 19121 (19121)
Subdivision: Sharswood
School District: Philadelphia City
Heating: Electric Baseboard
Cooling: Window/Wall
Roof: Flat
Water: Public
Sewer: Public Sewer
Basement: Unfinished