Corner-Lot Duplex with Separate
For Sale
$275,000
1300 S Merrimac Road, Camden, NJ 08104
Two-unit residential income property with distinct utility services and a three-bedroom upper residence.
Property Size1,800 SF
Price / SF$152.78
Days on Market260
Property Features for 1300 S Merrimac Road
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-family
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1945
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
HomeSmart First Advantage Realty
Listed By:
Kim Curry Taliaferro
(800) 299-2129
Source:
Actionplusrealty
Added: Nov 18, 2025
Changed: Aug 3
Last Checked: Aug 5 at 4:12AM
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
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 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 | $30.9k | $17.16 |
| − Vacancy | −$1.6k | −$0.91 |
| EGI | $29.2k | $16.25 |
| − OpEx | −$8.8k | −$4.87 |
| NOI | $20.5k | $11.37 |
1,800 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.4K
$255.9K – $341.2K
NOI $20,471 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$261.1K
$228.5K – $304.7K
NOI $18,280 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$456.4K
$399.4K – $532.5K
NOI $31,948 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 Road Camden, NJ.
What is the asking price?
The asking price for this property is $275,000.
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
