Renovated Duplex with Off-Street
For Sale
$256,500
1476 Kenwood Ave, Camden, NJ 08103
Two separately configured units include updated kitchens, bathrooms, and flooring.
Property Size1,792 SF
Price / SF$143.14
Days on Market38
Property Features for 1476 Kenwood Ave
General Information
Standard status
Active
Size
1,792 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Real Broker, LLC
(856) 582-0366
Listed By:
Victor Mangeney · License #454268
Source:
Bernadetteaugello
Added: Jul 25
Changed: Aug 30
Last Checked: Aug 30 at 2:25PM
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.
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 = 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
$20,380
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
7.95%
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%
$407,600
$407.6K
Cap Rate 7%
$291,143
$291.1K
Cap Rate 9%
$226,444
$226.4K
Market Conditions
NOI Build-Up for 1,792 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
$30.8K $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 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%
$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
NOI $20,380 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$260.0K
$227.5K – $303.3K
NOI $18,199 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$454.4K
$397.6K – $530.1K
NOI $31,806 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
