Listing Agency: Compass New Jersey, LLC - Haddon Township c***@compass.com Show Phone

Listed By: Stephanie Campise · License #2078792 Show Phone

Source: Exprealty

Added: Oct 1 Changed: Oct 4 Last Checked: Oct 5 at 7:18PM

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Investment Insights

Based on property information with market context.

This duplex contains two 1-bedroom, 1-bathroom units and totals 1,332 square feet. The second-floor apartment is vacant and has an updated kitchen with new cabinetry and appliances, opening to the living room. Each unit has its own laundry area in the basement, which also provides additional storage. The property includes a backyard shared by both units.

Knight Park, with 70 acres of green space, is within walking distance. Zeppoli, Kiko's Peruvian Kitchen, and the Collingswood Farmers Market are local destinations. The PATCO High-Speed Line is minutes away for travel to Philadelphia. Gas and electric are separately metered, and the current tenant pays a portion of the water bill.

Key Highlights

• Two 1‑bedroom, 1‑bathroom apartments
• 1,332 square feet total
• Vacant second‑floor unit with updated kitchen, new cabinetry, and appliances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,149

Cap Rate

4.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$302,980 $303.0K

Cap Rate 7%

$216,414 $216.4K

Cap Rate 9%

$168,322 $168.3K

Market Conditions

NOI Build-Up for 1,332 SF

Gross rent

$22.9K $17.16/SF

− Vacancy

−$1.2K −$0.91/SF

EGI

$21.6K $16.25/SF

− OpEx

−$6.5K −$4.87/SF

NOI

$15.1K $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%

$302,980

Cap Rate 7%

$216,414

Cap Rate 9%

$168,322

Alternative Uses

Best Use

Multifamily LT 5

$216.4K

$189.4K – $252.5K (±1% cap)

NOI $15,149 @ 7.0% cap · market cap 4.46%

Second Best

Apartment 5plus

$193.2K

$169.1K – $225.5K (±1% cap)

NOI $13,527 @ 7.0% cap · market cap 3.98%

Theoretical Best

Office A

$337.7K

$295.5K – $394.0K (±1% cap)

NOI $23,641 @ 7.0% cap · market cap 6.95%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Law Firm Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

663

Businesses Nearby

Explore this area Business Placement

Demographics for 08107, NJ

13,688

Population

6,180

Households

2.2

Avg Household Size

38

Median Age

36%

College-Educated

89%

High-School Grad

1.8 sq mi

ZIP Area

7,604

Density / Sq Mi

$70,262

Median Household Income

$44,771

Median Earnings

$1,257

Median Rent

$261,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two one-bedroom apartments offer separate laundry areas and a backyard in a residential Collingswood setting.

Where is this duplex located?

The property is located at 302 Cattell Ave Collingswood, NJ.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: Two 1‑bedroom, 1‑bathroom apartments; 1,332 square feet total; Vacant second‑floor unit with updated kitchen, new cabinetry, and appliances