2002 Cecil b Moore Ave Philadelphia, PA 19121
North Philadelphia West NeighborhoodEstimated payment $4,612/month
Highlights
- Traditional Architecture
- Property is in very good condition
- 2-minute walk to Martin Luther King Recreation
- Forced Air Heating and Cooling System
About This Home
Fully Renovated 4-Unit Investment with Tax Abatement
Welcome to 2002 Cecil B Moore Avenue, a fully occupied 4-unit apartment building just steps from the Liacouras Center and the Martin Luther King Recreation Center.
The property was completely renovated in 2020, offering modern finishes and updated systems throughout. With 6 years remaining on the tax abatement, new ownership will benefit from reduced expenses and strong cashflow. The building produces an NOI of $64,431, translating to a 7.58% cap rate, along with a DSCR of 1.43 at 70% LTV, making this a strong candidate for financing and an attractive long-term hold.
Whether you are an investor seeking a turn-key property with proven returns or an owner-occupant buyer looking for an opportunity that requires very little management and no renovations, 2002 Cecil B Moore Ave offers both stability and income in a prime location.
Listing Agent
(908) 217-3922 jay@stammdevelopment.com SDG Management, LLC Listed on: 10/07/2025
Co-Listing Agent
(609) 335-4016 stephen@thestaffordgroupphl.com SDG Management, LLC License #RM424801
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,946
Year Built
- Built in 1915 | Remodeled in 2020
Lot Details
- 1,596 Sq Ft Lot
- Lot Dimensions are 19.00 x 84.00
- Property is in very good condition
Home Design
- Quadruplex
- Traditional Architecture
- Brick Foundation
- Concrete Perimeter Foundation
- Masonry
Parking
- Public Parking
- On-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- 4 Units
- Net Operating Income $64,431
Listing and Financial Details
- Tax Lot 335
- Assessor Parcel Number 472059800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,908 | $688,400 | $137,680 | $550,720 |
| 2024 | $1,908 | $688,400 | $137,680 | $550,720 |
| 2023 | $2,323 | $674,800 | $134,960 | $539,840 |
| 2022 | $1,970 | $165,933 | $164,280 | $1,653 |
| 2021 | $1,148 | $0 | $0 | $0 |
| 2020 | $1,148 | $0 | $0 | $0 |
| 2019 | $1,110 | $0 | $0 | $0 |
| 2018 | $669 | $0 | $0 | $0 |
| 2017 | $669 | $0 | $0 | $0 |
| 2016 | $669 | $0 | $0 | $0 |
| 2015 | $641 | $0 | $0 | $0 |
| 2014 | -- | $47,800 | $9,198 | $38,602 |
| 2012 | -- | $7,744 | $1,907 | $5,837 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2025 10/07/25 | For Sale | $850,000 | -- | $140 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- |
Source: Bright MLS
MLS Number: PAPH2542320
APN: 472059800
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