All-Brick Duplex Income
1906 46TH Street Pennsauken, NJ 08110
For Sale
$295,000
MULTI_FAMILY - PENNSAUKEN, NJ
Property Size1,316 SF
Lot Size0.06 Acres
Price / SF$224.16
Days on Market24
Property Features for 1906 46TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- Built-In Range
- Standard status
- Active
- Size
- 1,316 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4077
Utilities
- Heating system
- Other (Heating)
Building Details
- Year built
- 1941
- Number of units
- 2
- Building materials
- Brick
Listing Agency:
RE/MAX Of Cherry Hill
(856) 424-4040
Listed By:
Alan Browne · License #8643142
(856) 424-4040
Added: Jul 1
Last Checked: Jul 24 at 10:06AM
MLS# NJCD2121500
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 all-brick duplex offers two separate residential units, each featuring one bedroom. The property includes a full basement and separate meters for hot water, heat, and electric, supporting straightforward utility allocation between units.
The first-floor unit is currently vacant, while the second-floor unit is scheduled to be occupied on 7/7/2026. The home is located in Pennsauken, NJ, and the seller notes close proximity to shopping, restaurants, and major roads.
As an income property, this duplex can fit both investors seeking a stable two-unit setup and owner-occupants who may prefer to occupy one unit while the other generates rent. The brick exterior is designed for lower exterior maintenance, and the separate-meter configuration can simplify day-to-day operations for anyone managing the property. For tenants and operators looking for a manageable multi-family format with clear utility separation, this Pennsauken duplex is a practical option to evaluate.
The first-floor unit is currently vacant, while the second-floor unit is scheduled to be occupied on 7/7/2026. The home is located in Pennsauken, NJ, and the seller notes close proximity to shopping, restaurants, and major roads.
As an income property, this duplex can fit both investors seeking a stable two-unit setup and owner-occupants who may prefer to occupy one unit while the other generates rent. The brick exterior is designed for lower exterior maintenance, and the separate-meter configuration can simplify day-to-day operations for anyone managing the property. For tenants and operators looking for a manageable multi-family format with clear utility separation, this Pennsauken duplex is a practical option to evaluate.
Key Highlights
- Brick duplex built in 1941 with 2 units, each with 1 bedroom
- 2nd‑floor unit rents for $1,330/month and is scheduled to be occupied 7/7/2026
- 1st‑floor unit is currently vacant, offering owner‑occupant flexibility
Financial Insights For Multifamily LT 5
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 | $22.6k | $17.16 |
| − Vacancy | −$1.2k | −$0.91 |
| EGI | $21.4k | $16.25 |
| − OpEx | −$6.4k | −$4.87 |
| NOI | $15.0k | $11.37 |
1,316 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.8K
$187.1K – $249.5K
NOI $14,967 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$190.9K
$167.1K – $222.8K
NOI $13,365 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$333.7K
$292.0K – $389.3K
NOI $23,358 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two one-bedroom units in an all-brick duplex with a full basement and separate utility meters.
Where is this duplex located?
The property is located at 1906 46TH Street Pennsauken, NJ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Brick duplex built in 1941 with 2 units, each with 1 bedroom; 2nd‑floor unit rents for $1,330/month and is scheduled to be occupied 7/7/2026; 1st‑floor unit is currently vacant, offering owner‑occupant flexibility
