2709 WESTFIELD Avenue, Camden, NJ 08105
MULTI_FAMILY - Other - CAMDEN, NJ
- Added:
- Mar 31, 2025
- Days on Market:
- 454
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 2709 WESTFIELD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4553
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1900
- Number of units
- 4
- Building materials
- Brick
- Architectural style
- Other
Listing agent Patrick M Gorman License #340986 (856) 200-8320
Listing office Keller Williams - Main Street 983 Haddon Avenue, Collingswood or Haddon Heights, NJ (856) 858-2200
Listing date Mar 31, 2025
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.
HighLights
- Mixed‑use package on Westfield featuring 7 total 1BD/1BTH apartments (three units currently occupied at 2709 and all three rented at 2707).
- 2707 Westfield includes an occupied commercial space currently used as a vape shop.
- Construction materials include brick; heating is electric with baseboard.
- On‑street parking available, plus a small fenced backyard.
- Unit D at 2709 Westfield provides basement access.
Overview
The property is presented as a small fenced backyard asset. The seller notes the parcels can be purchased separately or as a package, allowing flexibility for an owner-occupant or investor plan. The listing also indicates that a proposed group showing (not an open house) is scheduled for a time to be determined.
For tenants and operators, the configuration supports both residential and street-level commercial use within the same overall offering. The presence of multiple separately leased 1-bedroom units may appeal to those seeking diversified occupancy across residential apartments, while the existing occupied commercial space provides an additional income stream tied to the current vape shop tenant. Prospective buyers should confirm all unit and lease details during the showing process, as further specifics are not provided in the remarks.
Local 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 | $41.2k | $17.16 |
| − Vacancy | −$2.2k | −$0.91 |
| EGI | $39.0k | $16.25 |
| − OpEx | −$11.7k | −$4.87 |
| NOI | $27.3k | $11.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Camden
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0868454
- Latitude
- 39.9472122
