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    3022 Haddonfield Rd Pennsauken, NJ 08110

    For Sale
    $1,150,000

    Eight-unit property, high rental income

    Property size:
    12,950 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional eight-unit multifamily property located at 3022 Haddonfield Road, Pennsauken, NJ, presents a compelling investment opportunity. Spanning 12,950 square feet on a 0.3-acre lot, the property boasts six fully rented residential apartments and two sizable garage/storage units, each equipped with rolling garage doors. The current monthly rental income stands at $9,735, offering significant potential for future revenue growth. The six residential units comprise five two-bedroom, one-bathroom apartments and one one-bedroom, one-bathroom apartment. Each unit is equipped with central air conditioning, individual gas and water meters, and a private washer/dryer, enhancing tenant comfort and convenience. Ample off-street parking is available for residents. The property's strategic location on the border of Pennsauken and Cherry Hill provides easy access to both South Jersey and Philadelphia, attracting a wide pool of potential renters. Its proximity to the Betsy Ross Bridge (less than three miles) further enhances its appeal. This location offers the advantages of Cherry Hill without the higher tax burden, providing an affordable lifestyle with convenient access to both suburban and city amenities. The property's high demand, low vacancy rates, and strong potential for appreciation make it an ideal addition to any investment portfolio. The versatile nature of the property, including the two large garage/storage units, adds to its overall investment value.

    Property Features for 3022 Haddonfield Rd

    General Information

    Property type
    Residential income properties
    Square Feet
    12,950 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1987
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Map

    City
    Pennsauken
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0234
    Latitude
    39.96751

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    FAQs

    What type of property is this?
    Residential income property - Eight-unit property, high rental income
    Where is this residential income property located?
    The property is located at 3022 Haddonfield Rd Pennsauken, NJ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    (856) 858-2200
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    3022 Haddonfield Rd Pennsauken, NJ 08110
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    Pennsauken, NJ 08110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3022 Haddonfield Rd Pennsauken, NJ 08110
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