Two-Unit Duplex with Separate
1677 Tinsman Avenue Pennsauken, NJ 08110
For Sale
$389,900
Pending
Well maintained duplex on a corner lot with two separately metered units and tenant-paid gas, electric, and heating.
Property Size2,310 SF
Days on Market28
Property Features for 1677 Tinsman Avenue
General Information
- Standard status
- Pending
- Size
- 2,310 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1926
Listing Agency:
Peze & Associates
(609) 509-0183
Listed By:
Gary Peze · License #7861779
(609) 509-0183
Source:
Compass
Added: Jun 26
Changed: Jul 22
Last Checked: Jul 23 at 8:38AM
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 Peze & Associates
Investment Insights
Based on property information with market context.
This income producing duplex offers two separately metered units, with tenants responsible for their own gas, electric, and heating expenses. The first floor unit includes three bedrooms and two full baths, with some hardwood flooring, gas heat, central air, and in-unit laundry plus a microwave and refrigerator. It also has an open front porch and basement access. The second floor unit features three bedrooms and one full bath, gas heat and central air, along with a private side entrance and access to a patio balcony.
Set on a spacious 100' x 100' corner lot in Pennsauken, the property includes a side yard concrete driveway for parking up to two vehicles and a garage. The first floor unit is currently rented for $1,400 per month plus utilities. The second floor unit is currently rented for $1,200 per month through Oct. 31st, plus $200 per month for the garage.
Set on a spacious 100' x 100' corner lot in Pennsauken, the property includes a side yard concrete driveway for parking up to two vehicles and a garage. The first floor unit is currently rented for $1,400 per month plus utilities. The second floor unit is currently rented for $1,200 per month through Oct. 31st, plus $200 per month for the garage.
Key Highlights
- Well maintained duplex on a 100' x 100' corner lot in Pennsauken with two separately metered units
- Tenant‑paid utilities: gas, electric, and heating expenses are paid by tenants
- 1st‑floor unit: 3 bedrooms, 2 full baths; gas heat; central air; open front porch; washer/dryer stacked; built‑in microwave and range; basement access
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $17.16 |
| − Vacancy | −$2.1k | −$0.91 |
| EGI | $37.5k | $16.25 |
| − OpEx | −$11.3k | −$4.87 |
| NOI | $26.3k | $11.37 |
2,310 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$375.3K
$328.4K – $437.9K
NOI $26,272 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$335.1K
$293.2K – $391.0K
NOI $23,459 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$585.7K
$512.5K – $683.3K
NOI $41,000 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well maintained duplex on a corner lot with two separately metered units and tenant-paid gas, electric, and heating.
Where is this duplex located?
The property is located at 1677 Tinsman Avenue Pennsauken, NJ.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Well maintained duplex on a 100' x 100' corner lot in Pennsauken with two separately metered units; Tenant‑paid utilities: gas, electric, and heating expenses are paid by tenants; 1st‑floor unit: 3 bedrooms, 2 full baths; gas heat; central air; open front porch; washer/dryer stacked; built‑in microwave and range; basement access
