Renovated Legal
For Sale
$349,999
Pending
1759 South 4th Street, Camden, NJ 08104
Two residential units feature open layouts, in-unit laundry, central air conditioning, and contemporary interior finishes.
Property Size1,600 SF
Days on Market172
Property Features for 1759 South 4th Street
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Multi-Family / Fee Simple
Zoning
R3
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,791
Amenities
in-unit washer/dryer
central air conditioning
No
2+ Access Exits
No Pool
Above Grade, Below Grade
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Real Broker, LLC
(609) 820-4765
Listed By:
Stu Wanicur · License #2186404
(609) 820-4765
Source:
Compass
Added: Mar 13
Changed: Aug 30
Last Checked: Aug 30 at 11:12PM
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.
Built in 1920, this legal duplex contains 1,600 square feet across two residential units. Each unit is arranged with two bedrooms, one full bathroom, an open-concept living area, and a kitchen with an island. Hardwood flooring and luxury vinyl plank are specified throughout, along with in-unit washer/dryer appliances and central air conditioning. The property is undergoing a full interior rebuild, with completion expected on 4/14/26.
The duplex is located at 1759 South 4th Street in Camden, within the Camden City (20408) MLS area and Camden City Schools district. R3 zoning applies to the property. Above-grade and below-grade components are included, and the property has two or more access exits.
The duplex is located at 1759 South 4th Street in Camden, within the Camden City (20408) MLS area and Camden City Schools district. R3 zoning applies to the property. Above-grade and below-grade components are included, and the property has two or more access exits.
Key Highlights
- Legal duplex with 1,600 SF of property size
- Each unit includes 2 bedrooms and 1 full bathroom
- Full rebuild from the studs with completion expected 4/14/26
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
$18,197
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
5.20%
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%
$363,940
$363.9K
Cap Rate 7%
$259,957
$260.0K
Cap Rate 9%
$202,189
$202.2K
Market Conditions
NOI Build-Up for 1,600 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
$27.5K $17.16/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$26.0K $16.25/SF
− OpEx
−$7.8K −$4.87/SF
NOI
$18.2K $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%
$363,940
Cap Rate 7%
$259,957
Cap Rate 9%
$202,189
Alternative Uses
Best Use
Multifamily LT 5
$260.0K
$227.5K – $303.3K
NOI $18,197 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$232.1K
$203.1K – $270.8K
NOI $16,249 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 8.11%
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
400
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?
Duplex - Two residential units feature open layouts, in-unit laundry, central air conditioning, and contemporary interior finishes.
Where is this duplex located?
The property is located at 1759 South 4th Street Camden, NJ.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: Legal duplex with 1,600 SF of property size; Each unit includes 2 bedrooms and 1 full bathroom; Full rebuild from the studs with completion expected 4/14/26
