Renovated Duplex With Private
For Sale
$750,000
Pending
252 Rhoads Avenue, Haddonfield, NJ 08033
Two updated residences offer separate access, modern kitchens, laundry facilities, and flexible owner-occupant or rental use.
Property Size2,606 SF
Days on Market167
Property Features for 252 Rhoads Avenue
General Information
Standard status
Pending
Size
2,606 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
RESID
Taxes and HOA fees
Annual Taxes
$13,558
Amenities
Yes
Built-In Microwave, Built-In Range, Cooktop, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Dryer - Electric, Exhaust Fan, Oven - Single, Oven/Range - Gas, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Stove, Washer, Washer - Front Loading, Washer/Dryer Stacked, Water Heater
Storm
Insulated, Replacement, Screens, Wood Frame, Vinyl Clad
1
Attic/House Fan, Bathroom - Tub Shower, Built-Ins, Carpet, Ceiling Fan(s), Chair Railings, Combination Kitchen/Dining, Crown Moldings, Entry Level Bedroom, Floor Plan - Traditional, Kitchen - Gourmet, Recessed Lighting, Upgraded Countertops, Wainscotting, Wood Floors
Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector
Non-Functioning
No
No Pool
Exterior Lighting, Gutter System, Secure Storage, Sidewalks, Street Lights
Patio(s)
Building Details
Year Built
1928
Listing Agency:
Rhoads Real Estate LLC
(609) 922-6136
Listed By:
Ann R Koelling · License #8636840
(609) 922-6136
Source:
Compass
Added: Mar 18
Changed: Aug 31
Last Checked: Aug 31 at 12:39AM
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 Rhoads Real Estate LLC
Investment Insights
Based on property information with market context.
This 2,606-square-foot duplex contains two spacious two-bedroom residences, each with its own private entrance. The property has undergone renovations in recent years, including updated bathrooms, newer kitchens with stainless steel appliances and granite breakfast bars, central air conditioning, fresh paint, and newer carpeting. Both units include washer and dryer sets. The first-floor residence has a laundry room, powder room, and basement access, while the upper residence includes additional third-floor space.
The main house and detached two-car garage have newer roofs. Interior details include wood flooring, crown and chair moldings, recessed lighting, ceiling fans, and dining areas connected to the kitchens. The property is zoned RESID and is located at 252 Rhoads Avenue in Haddonfield, NJ. Bus service and a commuter rail station are each less than 1 mile away, while the airport is less than 10 miles away.
The main house and detached two-car garage have newer roofs. Interior details include wood flooring, crown and chair moldings, recessed lighting, ceiling fans, and dining areas connected to the kitchens. The property is zoned RESID and is located at 252 Rhoads Avenue in Haddonfield, NJ. Bus service and a commuter rail station are each less than 1 mile away, while the airport is less than 10 miles away.
Key Highlights
- 2,606‑square‑foot duplex with two spacious two‑bedroom units
- Separate private entrances provide independent access for both residences
- Updated kitchens with stainless steel appliances and granite breakfast bars
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
$29,638
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
3.95%
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%
$592,760
$592.8K
Cap Rate 7%
$423,400
$423.4K
Cap Rate 9%
$329,311
$329.3K
Market Conditions
NOI Build-Up for 2,606 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
$44.7K $17.16/SF
− Vacancy
−$2.4K −$0.91/SF
EGI
$42.3K $16.25/SF
− OpEx
−$12.7K −$4.87/SF
NOI
$29.6K $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%
$592,760
Cap Rate 7%
$423,400
Cap Rate 9%
$329,311
Alternative Uses
Best Use
Multifamily LT 5
$423.4K
$370.5K – $494.0K
NOI $29,638 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$378.1K
$330.8K – $441.1K
NOI $26,465 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$660.8K
$578.2K – $770.9K
NOI $46,254 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 08033, NJ
17,451
Population
6,914
Households
2.5
Avg Household Size
40
Median Age
73%
College-Educated
99%
High-School Grad
3.9 sq mi
ZIP Area
4,475
Density / Sq Mi
$143,661
Median Household Income
$80,817
Median Earnings
$1,449
Median Rent
$581,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer separate access, modern kitchens, laundry facilities, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 252 Rhoads Avenue Haddonfield, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,606‑square‑foot duplex with two spacious two‑bedroom units; Separate private entrances provide independent access for both residences; Updated kitchens with stainless steel appliances and granite breakfast bars
