Two-Unit Duplex with Renovated
11 TROUT AVENUE, Clementon, NJ 08021
For Sale
$282,000
Duplex with a renovated two-bedroom unit, a tenant-occupied one-bedroom unit, and a large yard.
Property Size1,278 SF
Days on Market57
Property Features for 11 TROUT AVENUE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Opus Elite Real Estate of NJ, LLC
Listed By:
Kelli A Ciancaglini · License #1110450
(856) 522-3200
Source:
Brucerealty
Added: Sep 12
Changed: Nov 1
Last Checked: Nov 6 at 3:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Opus Elite Real Estate of NJ, LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex includes distinct one-bedroom and two-bedroom residences, each with one full bath. The two-bedroom unit is vacant and has undergone renovation, including refreshed kitchen finishes, newer appliances, new flooring and carpeting, updated interior paint, and six-panel doors. The one-bedroom unit is tenant occupied, providing an established income component for the property. A large yard adds outdoor space for residents. Built in 1930, the property offers a compact multifamily configuration suited to an investor or an owner-occupant seeking separate residential space within the same building. The property is located at 11 Trout Avenue in Clementon, New Jersey.
Key Highlights
- Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit
- Vacant 2‑bedroom unit renovated with newer appliances, flooring, carpeting, paint, and six‑panel doors
- 1‑bedroom unit is currently tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,535
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,700
$290.7K
Cap Rate 7%
$207,643
$207.6K
Cap Rate 9%
$161,500
$161.5K
Market Conditions
NOI Build-Up for 1,278 SF
Gross rent
$21.9K $17.16/SF
− Vacancy
−$1.2K −$0.91/SF
EGI
$20.8K $16.25/SF
− OpEx
−$6.2K −$4.87/SF
NOI
$14.5K $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 Rate 5%
$290,700
Cap Rate 7%
$207,643
Cap Rate 9%
$161,500
Alternative Uses
Best Use
Multifamily LT 5
$207.6K
$181.7K – $242.3K
NOI $14,535 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,979 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$324.0K
$283.5K – $378.1K
NOI $22,683 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
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Business Placement
Demographics for 08021, NJ
51,458
Population
22,195
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
3,958
Density / Sq Mi
$67,439
Median Household Income
$42,864
Median Earnings
$1,288
Median Rent
$192,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Camden County, NJ
Properties on Market for Duplexes in Camden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a renovated two-bedroom unit, a tenant-occupied one-bedroom unit, and a large yard.
Where is this duplex located?
The property is located at 11 TROUT AVENUE Clementon, NJ.
What is the asking price?
The asking price for this property is $282,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom unit and one 1‑bedroom unit; Vacant 2‑bedroom unit renovated with newer appliances, flooring, carpeting, paint, and six‑panel doors; 1‑bedroom unit is currently tenant occupied
