Duplex with New
For Sale
$365,000
2154 BROWNING Road, Pennsauken, NJ 08110
Multi-Family, PENNSAUKEN, NJ
Property Size2,164 SF
Lot Size0.14 Acres
Price / SF$168.67
Days on Market94
Property Features for 2154 BROWNING Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Elementary school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Middle school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
High school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
2,164 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
6070
Utilities
Heating system
Other (Heating)
Building Details
Year built
1924
Number of units
1
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
RE/MAX Of Cherry Hill · RE/MAX International
(856) 424-4040
Listed By:
Alan Browne · License #8643142
(856) 668-4609
Added: Jun 3
Changed: Aug 19
Last Checked: Sep 4 at 12:06PM
MLS# NJCD2119084
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Colonial duplex contains two 2-bedroom residences, with one apartment on each floor. The 2164-square-foot property was built in 1924 and features brick and vinyl siding, a driveway, and a roof installed this year. Each unit has separate utilities, while the owner pays water and sewer.
Both apartments are occupied by long-term tenants who would like to remain. The property is being offered in As Is condition. Showings require appointments, 24 hours’ notice, and are limited to Wednesdays from 6 to 8 pm and Saturdays from 12 to 3 pm.
Both apartments are occupied by long-term tenants who would like to remain. The property is being offered in As Is condition. Showings require appointments, 24 hours’ notice, and are limited to Wednesdays from 6 to 8 pm and Saturdays from 12 to 3 pm.
Key Highlights
- Two 2‑bedroom units, with one residence on each floor
- 2164 sq foot duplex on a 0.1435‑acre lot
- New roof installed this year
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
$24,611
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
6.74%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two matching two-bedroom units offer separate tenant utilities and driveway parking in a tenant-occupied Colonial property.
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 2‑bedroom units, with one residence on each floor; 2164 sq foot duplex on a 0.1435‑acre lot; New roof installed this year
