Camden Duplex: Investment
127 North 23rd Street, Camden, NJ 08105
Duplex in booming Camden, ideal for investors or homeowners.
Type:Multi-Family / Fee Simple
Property size:
1,288 SFPrice / SF:
$139/SF- Added:
- Oct 21, 2025
- Days on Market:
- 225
- Last Refresh:
- Mar 13 at 10:17 am
Property Features for 127 North 23rd Street
General Information
- Standard status
- Active
- Size
- 1,288 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agent Patrick M Gorman License #340986 (856) 200-8320
Listing office Keller Williams - Main Street (856) 200-8320
Listing date Oct 21, 2025
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 Keller Williams - Main Street
HighLights
- Duplex in the desirable East side of Camden, offering potential rental income.
- Opportunity for house hacking: live in one unit and rent out the other.
- Unit 1 is currently rented for $735/month with a lease ending 6‑31‑26.
- Unit 2 is vacant, allowing for immediate occupancy or rental.
- Features a fully fenced backyard.
- Easy access to Philadelphia.
Overview
This duplex presents an opportunity for investors or potential homeowners. Located on a quiet street in the east side of Camden, the property features two units. Unit 1 is occupied and includes 1 bedroom and 1 bathroom, currently rented for $735 per month with a lease ending on June 31, 2026. Unit 2 is vacant and offers 2 bedrooms and 1 bathroom. The property includes a fully fenced backyard and a basement in Unit 1. The property provides access to Philadelphia. The property is located in the Camden City school district, and the MLS area is Camden City (20408). The property size is 1288 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.1k | $17.16 |
| − Vacancy | −$1.2k | −$0.91 |
| EGI | $20.9k | $16.25 |
| − OpEx | −$6.3k | −$4.87 |
| NOI | $14.6k | $11.37 |
1,288 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$209.3K
$183.1K – $244.1K
NOI $14,648 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$186.9K
$163.5K – $218.0K
NOI $13,080 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$326.6K
$285.8K – $381.0K
NOI $22,861 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Camden
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0922
- Latitude
- 39.947742
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex in booming Camden, ideal for investors or homeowners.
Where is this duplex located?
The property is located at 127 North 23rd Street Camden, NJ.
What is the asking price?
The asking price for this property is $179,999.
What are key features of this property?
This property features: Duplex in the desirable East side of Camden, offering potential rental income.; Opportunity for house hacking: live in one unit and rent out the other.; Unit 1 is currently rented for $735/month with a lease ending 6‑31‑26.
