Duplex with Separate
For Sale
$370,000
3265 River Avenue, Camden, NJ 08105
Vacant two-unit property with distinct electric and gas services and a three-bedroom layout in each apartment.
Property Size1,524 SF
Price / SF$242.78
Days on Market390
Property Features for 3265 River Avenue
General Information
Standard status
Active
Size
1,524 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Fee Simple
Zoning
DUPLEX
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,074
Amenities
No
Stove
Bathroom - Tub Shower, Attic, Combination Kitchen/Dining
>84" Garage Door
No Pool
Above Grade
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Tesla Realty Group LLC
(609) 271-8796
Listed By:
Vanessa Maldonado · License #2438218
(609) 271-8796
Source:
Compass
Added: Aug 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 10:24PM
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 Tesla Realty Group LLC
Investment Insights
Based on property information with market context.
Built in 1925, this 1,524-square-foot duplex contains two vacant apartments. The main-level residence offers 3 bedrooms and 1.5 baths, while the basement apartment includes 3 bedrooms and 1 full bath. Each unit has separate electric and gas utility service. The property is being conveyed AS-IS and requires some updating. The buyer will handle the Certificate of Occupancy, zoning compliance, and municipal inspections. Interior features include stoves, tub-shower bathrooms, attic space, and combination kitchen/dining areas. Located at 3265 River Avenue in Camden, the property is zoned DUPLEX and is near schools, restaurants, and supermarkets. Public transportation access includes a bus stop less than 1 mile away, with an airport less than 10 miles away and a commuter rail station 1 to 5 miles away.
Key Highlights
- 1,524‑square‑foot duplex built in 1925
- Main‑floor apartment with 3 bedrooms and 1.5 baths
- Basement apartment with 3 bedrooms and 1 full bath
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
$17,332
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
4.68%
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%
$346,640
$346.6K
Cap Rate 7%
$247,600
$247.6K
Cap Rate 9%
$192,578
$192.6K
Market Conditions
NOI Build-Up for 1,524 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
$26.2K $17.16/SF
− Vacancy
−$1.4K −$0.91/SF
EGI
$24.8K $16.25/SF
− OpEx
−$7.4K −$4.87/SF
NOI
$17.3K $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%
$346,640
Cap Rate 7%
$247,600
Cap Rate 9%
$192,578
Alternative Uses
Best Use
Multifamily LT 5
$247.6K
$216.7K – $288.9K
NOI $17,332 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$221.1K
$193.5K – $258.0K
NOI $15,477 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$386.4K
$338.1K – $450.8K
NOI $27,049 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 08105, NJ
26,572
Population
8,681
Households
3.1
Avg Household Size
31
Median Age
8%
College-Educated
63%
High-School Grad
2.6 sq mi
ZIP Area
10,220
Density / Sq Mi
$48,319
Median Household Income
$31,173
Median Earnings
$1,215
Median Rent
$113,100
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 - Vacant two-unit property with distinct electric and gas services and a three-bedroom layout in each apartment.
Where is this duplex located?
The property is located at 3265 River Avenue Camden, NJ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: 1,524‑square‑foot duplex built in 1925; Main‑floor apartment with 3 bedrooms and 1.5 baths; Basement apartment with 3 bedrooms and 1 full bath
