2,181 Sqft Lot
2,181 Sqft Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Olde Kensington
MLS Listing ID PAPH2646584
Year Built 2018
Annual Tax Amount $2,900
Tax Year 2025
Lot Size 2,181 Sqft
Acres 0.05
Lot Dimensions 65.00 x 50.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Exceptional opportunity to acquire a fully stabilized, income-producing 5-unit corner property in the heart of the rapidly appreciating Olde Kensington / Fishtown corridor. Currently generating $107,964 in annual rental income with all units leased, this asset delivers immediate cash flow with significant long-term upside in one of Philadelphia's strongest rental markets.
The building was designed with modern, high-demand finishes that continue to attract strong tenant demand. Each residence features open-concept layouts, beautiful hardwood flooring, recessed lighting, oversized windows providing exceptional natural light, quartz countertops, stainless steel Frigidaire Gallery appliances, in-unit washer/dryers, and generous closet space. Select units offer private balconies, while tenants also enjoy access to a shared roof deck, creating desirable outdoor living space.
Positioned on a prime corner lot, the property benefits from excellent exposure, strong curb appeal, and sun-filled interiors throughout the building.
Located just minutes from Fishtown, Northern Liberties, and Center City, the property sits in one of the city's most vibrant neighborhoods surrounded by top restaurants, bars, coffee shops, retail, offices, and convenient public transit, making it an extremely desirable location for renters.
Unique Investment Advantage
The property is already legally established as five separate condominiums with individual tax ID numbers, offering investors a rare and valuable multiple-exit strategy. Buyers can continue operating the property as a high-performing multifamily investment or sell units individually in the future, unlocking potential additional value.
Investment Highlights
• 5 Units – Fully Occupied
• $107,964 Annual Gross Rental Income
• Corner Property with Excellent Natural Light
• Modern Construction with High-End Finishes
• Quartz Countertops & Frigidaire Gallery Appliances
• In-Unit Washer & Dryer in Every Unit
• Private Balconies + Shared Roof Deck
• Separate Condo Tax IDs for Each Unit (Rare Exit Strategy)
• Prime Location Between Fishtown, Northern Liberties & Olde Kensington
Turnkey multifamily opportunities with strong income, premium finishes, and condo flexibility in this location are increasingly rare.
320 Cecil B. Moore represents a compelling opportunity to acquire a stabilized asset with both immediate cash flow and long-term value creation potential in one of Philadelphia's most sought-after rental markets.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 888181682
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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