Duplex Residential Income
2154 Browning Road Pennsauken, NJ 08110
For Sale
$365,000
Two-bedroom duplex with separate utilities, steady tenant occupancy, and a newly installed roof.
Property Size2,164 SF
Price / SF$168.67
Days on Market57
Property Features for 2154 Browning Road
General Information
- Standard status
- Active
- Size
- 2,164 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1924
Listing Agency:
RE/MAX Of Cherry Hill
(856) 424-4040
Listed By:
Alan Browne · License #8643142
(856) 424-4040
Source:
Compass
Added: May 29
Changed: Jul 10
Last Checked: Jul 23 at 10:05AM
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 duplex offers two stacked two-bedroom units, with one unit on the first floor and a matching layout on the second floor. The property includes a 2,164 square foot configuration and provides separate utilities for tenants, with the owner responsible for water and sewer only. Current residents have occupied the property for an extremely long period and would like to remain.
The duplex is located in Camden County within Pennsauken Township. Showing availability is limited: appointments only, with no lockbox, and tours are allowed only on Wednesdays from 6:00 to 8:00 pm and Saturdays from 12:00 to 3:00 pm. The property is being sold in “As Is” condition.
For buyers seeking a residential income property with an existing, long-term tenant situation, this setup may be appealing due to its duplex structure, separate utility arrangements, and recent roof replacement. Tenant income is currently reported as $3,200 per month, and the option to retain existing tenants is available per the seller’s remarks. Buyers should confirm all details during the scheduled appointment window.
The duplex is located in Camden County within Pennsauken Township. Showing availability is limited: appointments only, with no lockbox, and tours are allowed only on Wednesdays from 6:00 to 8:00 pm and Saturdays from 12:00 to 3:00 pm. The property is being sold in “As Is” condition.
For buyers seeking a residential income property with an existing, long-term tenant situation, this setup may be appealing due to its duplex structure, separate utility arrangements, and recent roof replacement. Tenant income is currently reported as $3,200 per month, and the option to retain existing tenants is available per the seller’s remarks. Buyers should confirm all details during the scheduled appointment window.
Key Highlights
- Duplex with 2‑bedroom unit on the 1st floor and the same on the 2nd floor
- 2164 sq ft unit with separate tenant utilities; owner pays water and sewer only
- Steady tenant occupancy with existing tenants who have stayed for an extremely long time
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 | $37.1k | $17.16 |
| − Vacancy | −$2.0k | −$0.91 |
| EGI | $35.2k | $16.25 |
| − OpEx | −$10.5k | −$4.87 |
| NOI | $24.6k | $11.37 |
2,164 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$351.6K
$307.6K – $410.2K
NOI $24,611 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$314.0K
$274.7K – $366.3K
NOI $21,977 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$548.7K
$480.1K – $640.2K
NOI $38,409 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-bedroom duplex with separate utilities, steady tenant occupancy, and a newly installed roof.
Where is this duplex located?
The property is located at 2154 Browning Road Pennsauken, NJ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Duplex with 2‑bedroom unit on the 1st floor and the same on the 2nd floor; 2164 sq ft unit with separate tenant utilities; owner pays water and sewer only; Steady tenant occupancy with existing tenants who have stayed for an extremely long time
