Two-Unit Duplex with Renovated
For Sale
$292,000
11 TROUT AVENUE, Clementon, NJ 08021
Duplex with a renovated two-bedroom unit, a tenant-occupied one-bedroom unit, and a large yard.
Property Size1,278 SF
Days on Market11
Property Features for 11 TROUT AVENUE
General Information
Standard status
Active
Size
1,278 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,812
Building Details
Building Size
1,278 SF
Year Built
1930
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: Sep 20
Last Checked: Sep 21 at 7:54AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.98%
Second Best
Apartment 5plus
$185.4K
$162.2K – $216.3K
NOI $12,979 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$324.0K
$283.5K – $378.1K
NOI $22,683 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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 $292,000.
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
