2214 COVE Road, Pennsauken, NJ 08110
MULTI_FAMILY - Other - PENNSAUKEN, NJ
- Added:
- Jul 2, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 6 at 8:06 pm
Property Features for 2214 COVE Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway
- Standard status
- Active
- Size
- 1,674 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4652
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1940
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Other
Listing agent Daniel Magee License #8837350 (856) 816-2349
Listing office Long & Foster Real Estate, Inc. 1415 Marlton Pike unit: 106, Cherry Hill, NJ (856) 857-2200
Listing date Jul 2, 2026
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.
HighLights
- Duplex in Pennsauken with two mirroring units; each unit offers 2 bedrooms and 1 bath
- First floor unit has new carpeting throughout; second floor unit has new vinyl plank flooring in the kitchen
- New rolled roof completed in 2025
- Heater and hot water heater have been replaced
- Units have separate electric meters
- Large rear yard with 2‑car off‑street parking and driveway
Overview
Located at 2214 Cove Road in Pennsauken, NJ, the building is set on a small lot with a large rear yard and 2-car off-street parking. The two apartments are served by separate electric meters, supporting independent utility billing.
With its two similar layouts and recent building improvements, this property can fit investors seeking a straightforward duplex structure or buyers looking for an owner-occupied arrangement with a second unit. Off-street parking and a sizable rear yard add practical day-to-day value for residents, while the separate electric meters provide clearer operating separation between the two units.
Local 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 | $28.7k | $17.16 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $27.2k | $16.25 |
| − OpEx | −$8.2k | −$4.87 |
| NOI | $19.0k | $11.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pennsauken
- County
- Camden
- State
- New Jersey
- Longitude
- -75.054451
- Latitude
- 39.9634666
