Corner-Lot Duplex with Separate
For Sale
$255,000
1300 S MERRIMAC RD, Camden, NJ 08104
Two-unit residential income property with distinct utility services and a three-bedroom upper residence.
Property Size1,800 SF
Price / SF$141.67
Days on Market95
Property Features for 1300 S MERRIMAC RD
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
HomeSmart First Advantage Realty
(856) 363-3000
Listed By:
Kim Curry Taliaferro · License #9911972
(626) 437-7717
Source:
Cathyshometeam
Added: Aug 2
Changed: Nov 4
Last Checked: Nov 3 at 6:40AM
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 HomeSmart First Advantage Realty
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Investment Insights
Based on property information with market context.
This legal duplex was built in 1945 and occupies a corner lot at 1300 S Merrimac Road in Camden, New Jersey. Each residence has its own gas, electric, water, and sewer service, supporting separate utility management between the units.
The upper Unit B contains 3 bedrooms, a renovated full bathroom, an eat-in kitchen, formal dining room, and formal living room, with gas heat. Ground-level Unit A is a 1-bedroom residence with all-electric service, including electric heat. The two-unit configuration provides an owner-occupancy arrangement with a separate residence for rental use, as previously operated.
The upper Unit B contains 3 bedrooms, a renovated full bathroom, an eat-in kitchen, formal dining room, and formal living room, with gas heat. Ground-level Unit A is a 1-bedroom residence with all-electric service, including electric heat. The two-unit configuration provides an owner-occupancy arrangement with a separate residence for rental use, as previously operated.
Key Highlights
- Legal duplex on a corner lot at 1300 S Merrimac Road, Camden, NJ 08104
- Built in 1945
- Separate gas, electric, water, and sewer service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,471
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,420
$409.4K
Cap Rate 7%
$292,443
$292.4K
Cap Rate 9%
$227,456
$227.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$30.9K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$29.2K $16.25/SF
− OpEx
−$8.8K −$4.87/SF
NOI
$20.5K $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%
$409,420
Cap Rate 7%
$292,443
Cap Rate 9%
$227,456
Alternative Uses
Best Use
Multifamily LT 5
$292.4K
$255.9K – $341.2K
NOI $20,471 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$261.1K
$228.5K – $304.7K
NOI $18,280 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
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Business Placement
Demographics for 08104, NJ
21,951
Population
9,821
Households
2.2
Avg Household Size
32
Median Age
9%
College-Educated
79%
High-School Grad
3.0 sq mi
ZIP Area
7,317
Density / Sq Mi
$36,566
Median Household Income
$28,330
Median Earnings
$1,105
Median Rent
$87,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with distinct utility services and a three-bedroom upper residence.
Where is this duplex located?
The property is located at 1300 S MERRIMAC RD Camden, NJ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Legal duplex on a corner lot at 1300 S Merrimac Road, Camden, NJ 08104; Built in 1945; Separate gas, electric, water, and sewer service for each unit
