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Bellmawr Duplex with Income Potential

1159 Romano Avenue Bellmawr, NJ 08031

1159 Romano Avenue, Bellmawr, NJ, 08031

$334,900

For Sale

$334,900

Duplex near Philadelphia with value-add potential and flexible leases.

Property Size1,453 SF

Price / SF$230.49

AddedMay 27

Days on Market49

Last RefreshMay 27 at 11:12 am

Property Features for 1159 Romano Avenue

General Information

Standard status: Active
Size: 1,453 SF
Property subtype: Multi-Family / Fee Simple

Building Details

Year Built: 1941

Listing office BHHS Fox & Roach-Washington-Gloucester

Listing date May 27, 2026

Source Compass

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 BHHS Fox & Roach-Washington-Gloucester

Investment Insights

Based on property information with market context.

This Bellmawr duplex presents a value-add opportunity with below-market rents and a location less than 15 minutes from Philadelphia. Situated on a quieter one-way street, this multi-family property is suitable for investors seeking future income growth or owner-occupants aiming to minimize monthly expenses. The first-floor unit includes 2 bedrooms and 1 bath and is currently leased under a year-long term. The upper unit features 1 bedroom and 1 bath and is rented month to month, providing flexibility for a new owner. Both units are equipped with gas forced air heat, central air, vinyl windows, and their own washer and dryers. The downstairs unit has private access to the full basement. Tenants are responsible for their own electric and gas, while the landlord covers water and sewer. The property is conveniently located near Philadelphia, major highways, shopping, dining, and everyday amenities, positioning it well for continued rental demand. The property size is 1453 square feet.

Key Highlights

Less than 15 minutes from Philadelphia.
Value‑add potential with below‑market rents.
Two units: one with 2 bedrooms/1 bath (leased), one with 1 bedroom/1 bath (month‑to‑month).

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$24.9k	$17.16
− Vacancy	−$1.3k	−$0.91
EGI	$23.6k	$16.25
− OpEx	−$7.1k	−$4.87
NOI	$16.5k	$11.37

1,453 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$236.1K

$206.6K – $275.4K (±1% cap)

NOI $16,525 @ 7.0% cap · market cap 4.93%

Second Best

Apartment 5plus

$210.8K

$184.5K – $245.9K (±1% cap)

NOI $14,756 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$368.4K

$322.4K – $429.8K (±1% cap)

NOI $25,789 @ 7.0% cap · market cap 7.70%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
NJ
Bellmawr
08031
1159 Romano Avenue

What type of property is this?

Duplex - Duplex near Philadelphia with value-add potential and flexible leases.

Where is this duplex located?

The property is located at 1159 Romano Avenue Bellmawr, NJ.

What is the asking price?

The asking price for this property is $334,900.

What are key features of this property?

This property features: Less than 15 minutes from Philadelphia.; Value‑add potential with below‑market rents.; Two units: one with 2 bedrooms/1 bath (leased), one with 1 bedroom/1 bath (month‑to‑month).