Camden Legal Duplex on
For Sale
$275,000
1300 S MERRIMAC Road, Camden, NJ 08104
MULTI_FAMILY - Other - CAMDEN, NJ
Property Size1,800 SF
Lot Size0.04 Acres
Price / SF$152.78
Days on Market225
Property Features for 1300 S MERRIMAC Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Appliances
Washer, Dryer, Oven/Range - Gas, Refrigerator, Oven/Range - Electric
Elementary school district
CAMDEN CITY SCHOOLS
Middle school district
CAMDEN CITY SCHOOLS
High school district
CAMDEN CITY SCHOOLS
Standard status
Active
Size
1,800 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3287
Utilities
Heating system
Other (Heating)
Building Details
Year built
1945
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
HomeSmart First Advantage Realty · HomeSmart International
(856) 363-3000
Listed By:
Kim Curry Taliaferro · License #9911972
(626) 437-7717
Added: Jan 8
Changed: Jun 9
Last Checked: Aug 21 at 1:06PM
MLS# NJCD2108698
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal duplex, situated on a corner lot, is available for immediate settlement. Each unit has separate gas, electric, water, and sewer connections. Unit B, located upstairs, features spacious rooms including 3 bedrooms, a renovated full bath, an eat-in kitchen, and formal dining and living rooms. This unit is heated by gas. Unit A, on the ground floor, is all-electric, including its heating system. The property offers an opportunity for an owner-occupant buyer to reside in one unit and rent out the other. The previous rent for the 3-bedroom unit was $1900, while the 1-bedroom unit was previously rented for $1000. The property is located in Camden, NJ.
Key Highlights
- Legal duplex with separate utilities for each unit.
- Great opportunity for owner‑occupancy; live in one unit and rent the other.
- Desirable corner lot location.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,471
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 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
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
367
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex with separate utilities, ideal for owner-occupant.
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 with separate utilities for each unit.; Great opportunity for owner‑occupancy; live in one unit and rent the other.; Desirable corner lot location.
