Duplex With Three
For Sale
$425,000
3516 FINLAW AVENUE, Pennsauken, NJ 08109
Finished basement space and separate living areas expand the property’s residential layout options.
Property Size2,400 SF
Days on Market56
Property Features for 3516 FINLAW AVENUE
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Duplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,347
Building Details
Building Size
2,400 SF
Year Built
1925
Buildings
1
Listing Agency:
Fathom Realty NJ, LLC
Listed By:
John Michael DeFeo Jr. · License #2297088
(267) 307-5890
Source:
Patmckennarealtors
Added: Aug 12
Changed: Oct 3
Last Checked: Oct 5 at 9:22PM
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 Fathom Realty NJ, LLC
Investment Insights
Based on property information with market context.
This duplex, built in 1925, contains three kitchens, three full bathrooms, and several distinct living areas. The main-level residence offers three bedrooms, a kitchen, a full bathroom, and a living room; that unit has also been recently updated throughout.
A finished basement adds two rooms along with its own kitchen, full bathroom, and separate living area. The upper-level unit provides one bedroom, a kitchen, a full bathroom, and additional living space. Together, the property’s separate areas create a varied residential configuration within a single structure.
A finished basement adds two rooms along with its own kitchen, full bathroom, and separate living area. The upper-level unit provides one bedroom, a kitchen, a full bathroom, and additional living space. Together, the property’s separate areas create a varied residential configuration within a single structure.
Key Highlights
- Three kitchens and three full bathrooms
- Main‑level unit includes 3 bedrooms and was recently updated throughout
- Finished basement has 2 additional rooms, kitchen, full bathroom, and living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,295
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,900
$545.9K
Cap Rate 7%
$389,929
$389.9K
Cap Rate 9%
$303,278
$303.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$41.2K $17.16/SF
− Vacancy
−$2.2K −$0.91/SF
EGI
$39.0K $16.25/SF
− OpEx
−$11.7K −$4.87/SF
NOI
$27.3K $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 Rate 5%
$545,900
Cap Rate 7%
$389,929
Cap Rate 9%
$303,278
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.2K – $454.9K
NOI $27,295 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$348.2K
$304.7K – $406.2K
NOI $24,373 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$608.5K
$532.5K – $710.0K
NOI $42,597 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 08109, NJ
23,306
Population
9,314
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
4,855
Density / Sq Mi
$84,332
Median Household Income
$44,288
Median Earnings
$1,142
Median Rent
$227,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Finished basement space and separate living areas expand the property’s residential layout options.
Where is this duplex located?
The property is located at 3516 FINLAW AVENUE Pennsauken, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Three kitchens and three full bathrooms; Main‑level unit includes 3 bedrooms and was recently updated throughout; Finished basement has 2 additional rooms, kitchen, full bathroom, and living area
