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    322 Vine St Camden, NJ 08102

    For Sale
    $2,300,000

    Historic Firehouse, 10 Luxury Apartments, High ROI

    Property size:
    100,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional investment opportunity presents a fully renovated, 10-unit multifamily property located in Camden, NJ's desirable Cooper Point neighborhood. The building, a beautifully repurposed historic firehouse, boasts 10 spacious and modern one- and two-bedroom apartments, each meticulously updated in 2022. Each unit features fresh paint, new flooring, recessed lighting, an open floor plan, contemporary fixtures, in-unit laundry, and stainless steel appliances. Abundant natural light floods each apartment, enhancing their appeal. Individual utility meters provide efficient management. The property sits on a 0.21-acre lot and encompasses 100,000 square feet of living space. Residents enjoy the convenience of private gated off-street parking. Its prime location offers easy access to schools, universities, businesses, local attractions, and public transportation, including bus and train stations. The property's proximity to the Benjamin Franklin Bridge provides quick access to Philadelphia. Furthermore, this turnkey investment is situated within a designated Opportunity Zone, presenting significant tax advantages. This unique property offers a compelling cash-flow opportunity and represents a rare addition to any investment portfolio. The asking price is $2,300,000.

    Property Features for 322 Vine St

    General Information

    Property type
    Residential income properties
    Square Feet
    100,000 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    2022
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Camden
    County
    Camden
    State
    New Jersey
    Longitude
    -75.12097
    Latitude
    39.95216

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    FAQs

    What type of property is this?
    Residential income property - Historic Firehouse, 10 Luxury Apartments, High ROI
    Where is this residential income property located?
    The property is located at 322 Vine St Camden, NJ.
    What is the asking price?
    The asking price for this property is $2,300,000.
    (856) 858-2200
    Request Owner's contact information
    322 Vine St Camden, NJ 08102
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    Camden, NJ 08102
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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
    322 Vine St Camden, NJ 08102
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