Corner Lot Triplex with
2503 46th Street Pennsauken, NJ 08110
2503 46th Street, Pennsauken, NJ, 08110
$399,900
For Sale
$399,900
Large triplex on a corner lot features a detached two-car garage and three separate units.
Property Size2,262 SF
Price / SF$176.79
Days on Market233
Property Features for 2503 46th Street
General Information
- Standard status
- Active
- Size
- 2,262 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1938
Listing agency
Keller Williams - Main Street
(856) 200-8320
Listed by
Patrick M Gorman · License #340986
(856) 200-8320
Source
Compass
Added: Dec 2, 2025 Updated: Jul 22 at 1:38AM Checked: Jul 22 at 6:23AM
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 Keller Williams - Main Street
Investment Insights
Based on property information with market context.
This large corner-lot triplex includes three units and a large two-car detached garage. The exterior has been freshly painted. Unit B, the main unit, is currently vacant and accessed from the front door, with recent updates including replacement windows, fresh custom paint, newer recessed lighting, and newer flooring. Unit B offers three bedrooms, a spacious full bathroom, and an updated eat-in kitchen with a large pantry, plus private access to the basement and all utilities. Unit B also provides two entries from the main front and back doors.
Units A and C are leased. Unit A was recently rented for $1,313.50 per month through 12/31/26, and Unit C is rented for $1,200 per month through 11/30/26. The property is in Camden County in Pennsauken Township, with easy access to Philadelphia and minutes to local parks. Please reach out to the listing agent to schedule an appointment.
Units A and C are leased. Unit A was recently rented for $1,313.50 per month through 12/31/26, and Unit C is rented for $1,200 per month through 11/30/26. The property is in Camden County in Pennsauken Township, with easy access to Philadelphia and minutes to local parks. Please reach out to the listing agent to schedule an appointment.
Key Highlights
- 1938‑built large 3‑unit triplex on a corner lot (3 separate units).
- Detached 2‑car garage on‑site plus above‑grade and below‑grade exterior structures.
- Unit B (main unit) is currently vacant and has 3 bedrooms, a full bathroom, and a large eat‑in kitchen with large pantry.
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 | $38.8k | $17.16 |
| − Vacancy | −$2.1k | −$0.91 |
| EGI | $36.8k | $16.25 |
| − OpEx | −$11.0k | −$4.87 |
| NOI | $25.7k | $11.37 |
2,262 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$367.5K
$321.6K – $428.8K
NOI $25,726 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$328.2K
$287.2K – $382.9K
NOI $22,972 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$573.5K
$501.9K – $669.1K
NOI $40,148 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Large triplex on a corner lot features a detached two-car garage and three separate units.
Where is this triplex located?
The property is located at 2503 46th Street Pennsauken, NJ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1938‑built large 3‑unit triplex on a corner lot (3 separate units).; Detached 2‑car garage on‑site plus above‑grade and below‑grade exterior structures.; Unit B (main unit) is currently vacant and has 3 bedrooms, a full bathroom, and a large eat‑in kitchen with large pantry.
