Mixed-Use Property with Apartment
2709 Westfield Avenue Camden, NJ 08105
2709 Westfield Avenue, Camden, NJ, 08105
$450,000
For Sale
$450,000
Two adjacent buildings offer occupied 1BD/1BTH apartments plus a vacant commercial space and a small fenced backyard.
Property Size2,400 SF
Price / SF$187.50
Days on Market479
Property Features for 2709 Westfield Avenue
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing agency
Compass
(609) 744-6614
Listed by
Brittany Moody
(609) 744-6614
Source
Thetristaterealestategroup
Added: Mar 31, 2025 Updated: Jul 21 at 9:49PM Checked: Jul 22 at 3:06AM
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 Compass
Investment Insights
Based on property information with market context.
This mixed-use offering includes two adjacent buildings with apartment and commercial components. 2709 Westfield Avenue features four 1BD/1BTH apartments, with three currently occupied. Unit D includes basement access.
2707 Westfield Avenue includes a commercial space that is currently vacant. The space was last occupied by a vape shop and is paired with three 1BD/1BTH apartments, all of which are currently rented. The property also offers a small fenced backyard.
The seller notes the buildings may be purchased separately or as a package.
2707 Westfield Avenue includes a commercial space that is currently vacant. The space was last occupied by a vape shop and is paired with three 1BD/1BTH apartments, all of which are currently rented. The property also offers a small fenced backyard.
The seller notes the buildings may be purchased separately or as a package.
Key Highlights
- Two adjacent buildings with a mix of occupied 1BD/1BTH apartments and a vacant commercial space
- Building at 2709 Westfield: four 1BD/1BTH apartments; three currently occupied and Unit D has basement access
- Building at 2707 Westfield: commercial space (currently vacant) plus three 1BD/1BTH apartments; all three currently rented
Local Financial Insights For Mixed Use
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 | $43.2k | $18.00 |
| − Vacancy | −$3.0k | −$1.26 |
| EGI | $40.2k | $16.74 |
| − OpEx | −$15.1k | −$6.28 |
| NOI | $25.1k | $10.46 |
2,400 SF · lease $18.00/SF/yr · vacancy 7.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$358.7K
$313.9K – $418.5K
NOI $25,110 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$348.2K
$304.7K – $406.2K
NOI $24,373 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$608.5K
$532.5K – $710.0K
NOI $42,597 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Two adjacent buildings offer occupied 1BD/1BTH apartments plus a vacant commercial space and a small fenced backyard.
Where is this mixed-use property located?
The property is located at 2709 Westfield Avenue Camden, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two adjacent buildings with a mix of occupied 1BD/1BTH apartments and a vacant commercial space; Building at 2709 Westfield: four 1BD/1BTH apartments; three currently occupied and Unit D has basement access; Building at 2707 Westfield: commercial space (currently vacant) plus three 1BD/1BTH apartments; all three currently rented
