Tenant-Occupied Duplex
For Sale
$349,911
1317 S 10th Street, Camden, NJ 08104
Duplex offers two units with bedrooms on separate floors and a full, dry basement with high ceilings.
Property Size1,760 SF
Price / SF$198.81
Days on Market173
Property Features for 1317 S 10th Street
General Information
Standard status
Active
Size
1,760 SF
Property subtype
Multi-family
Building Details
Year Built
1910
Stories
2
Listing Agency:
Garden State Properties Group - Merchantville
Listed By:
Tito B Santiago III
(800) 299-2129
Source:
Actionplusrealty
Added: Mar 19
Changed: Sep 6
Last Checked: Sep 7 at 11:12AM
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 Garden State Properties Group - Merchantville
Investment Insights
Based on property information with market context.
This duplex is in very good condition and currently tenant-occupied with established renters. The property is configured with 3 bedrooms on the first floor and 2 bedrooms on the second floor. A full, dry basement with high ceilings is available and could support additional finished living space.
The home was rehabbed about two years ago and includes a 2-year gas forced heater and water heater. Additional recent updates noted include a 2-year new sewer pipe, all-new insulated vinyl double windows, and 2-year vinyl siding. There is also a good-sized back yard.
The property is being sold as-is, and the buyer will be responsible for a C.O. The listing agent can provide appointment details.
The home was rehabbed about two years ago and includes a 2-year gas forced heater and water heater. Additional recent updates noted include a 2-year new sewer pipe, all-new insulated vinyl double windows, and 2-year vinyl siding. There is also a good-sized back yard.
The property is being sold as-is, and the buyer will be responsible for a C.O. The listing agent can provide appointment details.
Key Highlights
- Duplex built in 1910 with two units and bedrooms on separate floors (3 bedrooms on 1st floor, 2 bedrooms on 2nd floor).
- Full, dry basement with high ceilings, ready to finish for additional living space.
- Rehabbed about 2 years ago and still in good shape, including new vinyl siding and new insulated vinyl double‑pane windows.
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
$20,016
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
5.72%
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%
$400,320
$400.3K
Cap Rate 7%
$285,943
$285.9K
Cap Rate 9%
$222,400
$222.4K
Market Conditions
NOI Build-Up for 1,760 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
$30.2K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$28.6K $16.25/SF
− OpEx
−$8.6K −$4.87/SF
NOI
$20.0K $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%
$400,320
Cap Rate 7%
$285,943
Cap Rate 9%
$222,400
Alternative Uses
Best Use
Multifamily LT 5
$285.9K
$250.2K – $333.6K
NOI $20,016 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$446.3K
$390.5K – $520.6K
NOI $31,238 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
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 - Duplex offers two units with bedrooms on separate floors and a full, dry basement with high ceilings.
Where is this duplex located?
The property is located at 1317 S 10th Street Camden, NJ.
What is the asking price?
The asking price for this property is $349,911.
What are key features of this property?
This property features: Duplex built in 1910 with two units and bedrooms on separate floors (3 bedrooms on 1st floor, 2 bedrooms on 2nd floor).; Full, dry basement with high ceilings, ready to finish for additional living space.; Rehabbed about 2 years ago and still in good shape, including new vinyl siding and new insulated vinyl double‑pane windows.
