Two-Unit Duplex with New
For Sale
$365,000
2154 BROWNING ROAD, Pennsauken, NJ 08110
Both two-bedroom apartments have separate utilities, with the owner responsible for water and sewer.
Property Size2,164 SF
Price / SF$168.67
Days on Market147
Property Features for 2154 BROWNING ROAD
General Information
Standard status
Active
Size
2,164 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,070
Building Details
Building Size
2,164 SF
Year Built
1924
Listing Agency:
RE/MAX Of Cherry Hill
Listed By:
Alan Browne · License #8643142
(856) 424-4040
Source:
Desantis-realestate
Added: Jun 3
Changed: Oct 27
Last Checked: Oct 27 at 3:24AM
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
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Investment Insights
Based on property information with market context.
This 2,164-square-foot duplex contains two apartments, each with two bedrooms, arranged on separate floors. The units have separate utilities; the owner pays for water and sewer. A new roof was installed this year.
Both apartments are tenant-occupied, and the current residents would like to stay. The property is being sold in as-is condition.
Both apartments are tenant-occupied, and the current residents would like to stay. The property is being sold in as-is condition.
Key Highlights
- Two apartments, each with two bedrooms
- 2,164 square feet
- Separate utilities for the apartments; owner pays water and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,611
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,220
$492.2K
Cap Rate 7%
$351,586
$351.6K
Cap Rate 9%
$273,456
$273.5K
Market Conditions
NOI Build-Up for 2,164 SF
Gross rent
$37.1K $17.16/SF
− Vacancy
−$2.0K −$0.91/SF
EGI
$35.2K $16.25/SF
− OpEx
−$10.5K −$4.87/SF
NOI
$24.6K $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%
$492,220
Cap Rate 7%
$351,586
Cap Rate 9%
$273,456
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 authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
661
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 - Both two-bedroom apartments have separate utilities, with the owner responsible for water and sewer.
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: Two apartments, each with two bedrooms; 2,164 square feet; Separate utilities for the apartments; owner pays water and sewer
