Renovated Two-Unit
For Sale
$256,500
1476 KENWOOD Avenue, Camden, NJ 08103
Multi-Family, CAMDEN, NJ
Property Size1,792 SF
Lot Size0.09 Acres
Price / SF$143.14
Days on Market190
Property Features for 1476 KENWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
3
Parking features
Driveway
Elementary school district
CAMDEN CITY SCHOOLS
Middle school district
CAMDEN CITY SCHOOLS
High school district
CAMDEN CITY SCHOOLS
Standard status
Active
Size
1,792 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2920
Utilities
Heating system
Other (Heating)
Building Details
Year built
1920
Number of units
1
Building materials
Brick
Architectural style
Other
Listing Agency:
Real Broker, LLC
(856) 352-4045
Listed By:
Victor Mangeney · License #454268
(609) 634-2147
Added: Mar 20
Changed: Sep 21
Last Checked: Sep 25 at 7:06AM
MLS# NJCD2112928
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 renovated duplex contains two independent residences, including one two-bedroom unit and one one-bedroom unit. The building provides 1,792 square feet of residential space on a 0.0918-acre lot, with brick construction, driveway parking, and heating listed as other. Built in 1920, the property offers distinct living areas within a compact residential configuration.
The property is situated in Camden’s Parkside area near the Virtua Our Lady of Lourdes Hospital complex. Its two-unit arrangement can accommodate separate occupants while preserving independent residential spaces. The layout may also support an owner-occupant arrangement, with one residence retained for personal use and the other used separately, subject to applicable requirements.
The property is situated in Camden’s Parkside area near the Virtua Our Lady of Lourdes Hospital complex. Its two-unit arrangement can accommodate separate occupants while preserving independent residential spaces. The layout may also support an owner-occupant arrangement, with one residence retained for personal use and the other used separately, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with one 2‑bedroom residence and one 1‑bedroom residence
- 1,792 square feet of residential space
- 0.0918‑acre lot in Camden’s Parkside area
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate two- and one-bedroom layouts support flexible occupancy arrangements.
Where is this duplex located?
The property is located at 1476 KENWOOD Avenue 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‑unit duplex with one 2‑bedroom residence and one 1‑bedroom residence; 1,792 square feet of residential space; 0.0918‑acre lot in Camden’s Parkside area
