2-Unit Brick
For Sale
$295,000
1906 46th St, Pennsauken, NJ 08110
Two one-bedroom units and a full basement support flexible residential income use.
Property Size1,316 SF
Price / SF$224.16
Days on Market87
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Property Features for 1906 46th St
General Information
Standard status
Active
Size
1,316 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1941
Buildings
1
Construction
all brick
Listing Agency:
RE/MAX Of Cherry Hill
Listed By:
Alan Browne · License #8643142
(856) 424-4040
Source:
Soldbypattie
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 7 at 2:43PM
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 Of Cherry Hill
Investment Insights
Based on property information with market context.
This 2-unit duplex contains two one-bedroom residences within a 1,316-square-foot building constructed in 1941. The all-brick exterior offers a durable building envelope with reduced exterior upkeep, while a full basement adds functional storage or utility space. Separate meters serve hot water, heat, and electric, providing distinct utility measurement for the units.
The property is located at 1906 46th St in Pennsauken, New Jersey, with shopping, restaurants, and major roads nearby. Its two-unit layout, basement, brick construction, and individually metered utilities establish a straightforward multifamily configuration.
The property is located at 1906 46th St in Pennsauken, New Jersey, with shopping, restaurants, and major roads nearby. Its two-unit layout, basement, brick construction, and individually metered utilities establish a straightforward multifamily configuration.
Key Highlights
- Two‑unit duplex with one bedroom in each unit
- 1,316‑square‑foot building constructed in 1941
- All‑brick exterior for lower exterior maintenance needs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,967
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,340
$299.3K
Cap Rate 7%
$213,814
$213.8K
Cap Rate 9%
$166,300
$166.3K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$22.6K $17.16/SF
− Vacancy
−$1.2K −$0.91/SF
EGI
$21.4K $16.25/SF
− OpEx
−$6.4K −$4.87/SF
NOI
$15.0K $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 Rate 5%
$299,340
Cap Rate 7%
$213,814
Cap Rate 9%
$166,300
Alternative Uses
Best Use
Multifamily LT 5
$213.8K
$187.1K – $249.5K
NOI $14,967 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$190.9K
$167.1K – $222.8K
NOI $13,365 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$333.7K
$292.0K – $389.3K
NOI $23,358 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
576
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two one-bedroom units and a full basement support flexible residential income use.
Where is this duplex located?
The property is located at 1906 46th St Pennsauken, NJ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom in each unit; 1,316‑square‑foot building constructed in 1941; All‑brick exterior for lower exterior maintenance needs
