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Building Details

Year Built 1920

Listing Agency: Real Broker, LLC

Listed By: Victor Mangeney · License #454268 Show Phone

Source: Bernadetteaugello

Added: Jul 25 Changed: Sep 21 Last Checked: Oct 7 at 1:18PM

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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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This duplex at 1476 Kenwood Ave includes 1,792 square feet across two separate residential units. Built in 1920, the property has undergone extensive updates, including new flooring, contemporary kitchens, and renovated bathrooms. Each unit offers bedrooms and an open interior layout, creating distinct living spaces within the same building.

The property is located in Camden’s Parkside neighborhood, within walking distance of the Virtua Our Lady of Lourdes Hospital Complex. Off-street parking is provided, and the location offers access to major commuter routes as well as amenities throughout South Jersey and Philadelphia.

Key Highlights

• Two separate residential units within a 1,792‑square‑foot duplex
• Renovated kitchens and bathrooms in both units
• New flooring throughout the updated interiors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,380

Cap Rate

7.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$407,600 $407.6K

Cap Rate 7%

$291,143 $291.1K

Cap Rate 9%

$226,444 $226.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,792 SF

Gross rent

$30.8K $17.16/SF

− Vacancy

−$1.6K −$0.91/SF

EGI

$29.1K $16.25/SF

− OpEx

−$8.7K −$4.87/SF

NOI

$20.4K $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%

$407,600

Cap Rate 7%

$291,143

Cap Rate 9%

$226,444

Alternative Uses

Best Use

Multifamily LT 5

$291.1K

$254.8K – $339.7K (±1% cap)

NOI $20,380 @ 7.0% cap · market cap 7.95%

Second Best

Apartment 5plus

$260.0K

$227.5K – $303.3K (±1% cap)

NOI $18,199 @ 7.0% cap · market cap 7.10%

Theoretical Best

Office A

$454.4K

$397.6K – $530.1K (±1% cap)

NOI $31,806 @ 7.0% cap · market cap 12.40%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Kitchen & Bath Showroom Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,118

Businesses Nearby

Explore this area Business Placement

Demographics for 08103, NJ

12,862

Population

5,384

Households

2.4

Avg Household Size

34

Median Age

10%

College-Educated

71%

High-School Grad

2.1 sq mi

ZIP Area

6,125

Density / Sq Mi

$37,563

Median Household Income

$26,402

Median Earnings

$1,203

Median Rent

$103,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separately configured units include updated kitchens, bathrooms, and flooring.

Where is this duplex located?

The property is located at 1476 Kenwood Ave Camden, NJ.

What is the asking price?

The asking price for this property is $256,500.

What are key features of this property?

This property features: Two separate residential units within a 1,792‑square‑foot duplex; Renovated kitchens and bathrooms in both units; New flooring throughout the updated interiors