Duplex With Detached
New
For Sale
$285,000
1562 48TH STREET, Pennsauken, NJ 08110
Two residential units offer separate utilities, off-street parking, and flexible owner-occupant or rental use.
Property Size1,258 SF
Days on Market7
Property Features for 1562 48TH STREET
General Information
Standard status
Active
Size
1,258 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x Studio/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,227
Building Details
Building Size
1,258 SF
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
RE/MAX Preferred - Mullica Hill
Listed By:
Todd A Hahn · License #18042
(856) 223-1400
Source:
Patmckennarealtors
Added: Sep 14
Changed: Sep 17
Last Checked: Sep 19 at 10:37AM
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 RE/MAX Preferred - Mullica Hill
Investment Insights
Based on property information with market context.
This 1,258-square-foot duplex, built in 1950, contains two distinct residential units. The first floor includes two bedrooms, one bathroom, and access to a full unfinished walkout basement. The second-floor studio features a large eat-in kitchen and one bathroom.
Each unit has separate gas, hot water, heating, and electric service. Exterior improvements include a driveway for off-street parking and a detached one-car garage. The property is being sold as-is, with the buyer responsible for certifications required to close. The first-floor occupant may be willing to continue renting after a sale, subject to mutually agreed terms.
Each unit has separate gas, hot water, heating, and electric service. Exterior improvements include a driveway for off-street parking and a detached one-car garage. The property is being sold as-is, with the buyer responsible for certifications required to close. The first-floor occupant may be willing to continue renting after a sale, subject to mutually agreed terms.
Key Highlights
- Two‑unit duplex with 1,258 SF of property size
- First‑floor unit has 2 bedrooms, 1 bathroom, and a full unfinished walkout basement
- Second‑floor studio includes a large eat‑in kitchen and 1 bathroom
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
$14,307
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
5.02%
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%
$286,140
$286.1K
Cap Rate 7%
$204,386
$204.4K
Cap Rate 9%
$158,967
$159.0K
Market Conditions
NOI Build-Up for 1,258 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
$21.6K $17.16/SF
− Vacancy
−$1.1K −$0.91/SF
EGI
$20.4K $16.25/SF
− OpEx
−$6.1K −$4.87/SF
NOI
$14.3K $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%
$286,140
Cap Rate 7%
$204,386
Cap Rate 9%
$158,967
Alternative Uses
Best Use
Multifamily LT 5
$204.4K
$178.8K – $238.5K
NOI $14,307 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$182.5K
$159.7K – $212.9K
NOI $12,776 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$319.0K
$279.1K – $372.1K
NOI $22,328 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 08110, NJ
19,599
Population
6,738
Households
2.9
Avg Household Size
37
Median Age
20%
College-Educated
77%
High-School Grad
6.5 sq mi
ZIP Area
3,015
Density / Sq Mi
$81,307
Median Household Income
$40,804
Median Earnings
$1,192
Median Rent
$194,400
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 - Two residential units offer separate utilities, off-street parking, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 1562 48TH STREET Pennsauken, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,258 SF of property size; First‑floor unit has 2 bedrooms, 1 bathroom, and a full unfinished walkout basement; Second‑floor studio includes a large eat‑in kitchen and 1 bathroom
