Mixed-Use Triplex with Three
For Sale
$265,000
1557 Mount Ephraim Ave, Camden, NJ 08104
Partially completed building with three apartment layouts, electric appliances and heat, plus flexible main-floor spaces.
Property Size1,500 SF
Price / SF$176.67
Days on Market33
Property Features for 1557 Mount Ephraim Ave
General Information
Standard status
Active
Size
1,500 SF
Property Condition
Severity
Repairs Needed
Evidence
almost finished state
Building Details
Year Built
1920
Listing Agency:
Keller Williams - Main Street
(856) 534-4238
Listed By:
Carol Terrell · License #0227464
Source:
Premierehomegroup
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 25 at 5:20AM
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 Keller Williams - Main Street
Investment Insights
Based on property information with market context.
This 1,500-square-foot mixed-use property, built in 1920, is arranged around three residential layouts. The upper-level apartment includes three bedrooms, a full kitchen and a full bathroom. Two additional apartments occupy the main floor: one offers two bedrooms, a kitchen and a full bathroom, while the other includes one bedroom, a living room, a kitchen, exterior access and a full basement with two additional bedrooms or storage space. The main floor also has a long hallway and two separate entry doors serving the different areas.
The building is being conveyed as-is with finishing work remaining. A new roof and building-wide water heater were added in 2026. Appliances and heat are electric. The buyer is responsible for due diligence, the Certificate of Occupancy, applicable township or municipal requirements, and any needed plumbing or electrical permits. The property is located in a high-traffic area of Camden’s business district.
The building is being conveyed as-is with finishing work remaining. A new roof and building-wide water heater were added in 2026. Appliances and heat are electric. The buyer is responsible for due diligence, the Certificate of Occupancy, applicable township or municipal requirements, and any needed plumbing or electrical permits. The property is located in a high-traffic area of Camden’s business district.
Key Highlights
- Three residential layouts within a mixed‑use building
- 1,500 square feet; built in 1920
- Upper‑level 3‑bedroom apartment with full kitchen and bath
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
$17,059
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
6.44%
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%
$341,180
$341.2K
Cap Rate 7%
$243,700
$243.7K
Cap Rate 9%
$189,544
$189.5K
Market Conditions
NOI Build-Up for 1,500 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
$25.7K $17.16/SF
− Vacancy
−$1.4K −$0.91/SF
EGI
$24.4K $16.25/SF
− OpEx
−$7.3K −$4.87/SF
NOI
$17.1K $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%
$341,180
Cap Rate 7%
$243,700
Cap Rate 9%
$189,544
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.2K – $284.3K
NOI $17,059 @ 7.0% cap · market cap 6.44%
Second Best
Mixed Use
$224.2K
$196.2K – $261.6K
NOI $15,694 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$380.3K
$332.8K – $443.7K
NOI $26,623 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
945
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Partially completed building with three apartment layouts, electric appliances and heat, plus flexible main-floor spaces.
Where is this mixed-use property located?
The property is located at 1557 Mount Ephraim Ave Camden, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Three residential layouts within a mixed‑use building; 1,500 square feet; built in 1920; Upper‑level 3‑bedroom apartment with full kitchen and bath
