Duplex with
New
For Sale
$589,900
1000 BELMONT Avenue, Haddon Township, NJ 08108
Multi-Family, HADDON TOWNSHIP, NJ
Property Size2,054 SF
Lot Size0.16 Acres
Price / SF$287.20
Days on Market2
Property Features for 1000 BELMONT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
6
Parking features
Off Street, Driveway, Carport
Fireplace
1
Elementary school district
HADDON TOWNSHIP PUBLIC SCHOOLS
Middle school district
HADDON TOWNSHIP PUBLIC SCHOOLS
High school district
HADDON TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
2,054 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
11075
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s), Ductless
Amenities
enclosed front porch
basement
stackable washer and dryer
ductless mini splits
carport
Building Details
Year built
1933
Number of units
1
Building materials
Frame
Architectural style
Bungalow
Listing Agency:
Daniel R. White Realtor, LLC
(856) 547-0700
Listed By:
Joseph Bozza · License #9588119
(609) 314-1500
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 2 at 10:06PM
MLS# NJCD2127964
Copyright © 2026 Bright MLS. 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.
This 2,054-square-foot bungalow, built in 1933, contains two two-bedroom units. The first-floor apartment includes an enclosed porch, living and dining rooms, a full bath, and an updated kitchen, along with basement space extending beneath the house. Upstairs, the remodeled unit has a living room, eat-in kitchen, full bath, and its own stackable washer and dryer. Ductless mini-split systems serve the upper apartment.
The property occupies a 0.1578-acre corner lot. Parking features include a carport, driveway, and off-street spaces.
The property occupies a 0.1578-acre corner lot. Parking features include a carport, driveway, and off-street spaces.
Key Highlights
- Two apartments, each configured with two bedrooms
- 2,054‑square‑foot bungalow built in 1933
- Upper unit has been remodeled and includes a stackable washer and dryer
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
$23,360
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
3.96%
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%
$467,200
$467.2K
Cap Rate 7%
$333,714
$333.7K
Cap Rate 9%
$259,556
$259.6K
Market Conditions
NOI Build-Up for 2,054 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
$35.2K $17.16/SF
− Vacancy
−$1.9K −$0.91/SF
EGI
$33.4K $16.25/SF
− OpEx
−$10.0K −$4.87/SF
NOI
$23.4K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /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%
$467,200
Cap Rate 7%
$333,714
Cap Rate 9%
$259,556
Alternative Uses
Best Use
Multifamily LT 5
$333.7K
$292.0K – $389.3K
NOI $23,360 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$298.0K
$260.8K – $347.7K
NOI $20,860 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 08108, NJ
18,618
Population
9,173
Households
2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
6,896
Density / Sq Mi
$107,764
Median Household Income
$70,887
Median Earnings
$1,680
Median Rent
$358,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units each provide a two-bedroom layout, with separate interior configurations and a carport.
Where is this duplex located?
The property is located at 1000 BELMONT Avenue Haddon Township, NJ.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Two apartments, each configured with two bedrooms; 2,054‑square‑foot bungalow built in 1933; Upper unit has been remodeled and includes a stackable washer and dryer
