Duplex with Detached Two-Car
For Sale
$599,000
412 1ST AVENUE, Haddon Heights, NJ 08035
Duplex currently zoned/certified, featuring four bedrooms, two full baths, and a detached two-car garage.
Property Size1,801 SF
Days on Market13
Property Features for 412 1ST AVENUE
General Information
Standard status
Active
Size
1,801 SF
Property subtype
Duplex
Zoning
Duplex
Taxes and HOA fees
Annual Taxes
$9,603
Building Details
Building Size
1,801 SF
Year Built
1925
Construction
Colonial
Listing Agency:
Daniel R. White Realtor, LLC
(856) 547-0700
Listed By:
Daniel R White Jr. Jr. · License #8838071
(856) 547-0700
Source:
Patmckennarealtors
Added: Jul 28
Changed: Aug 8
Last Checked: Aug 9 at 11:44AM
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 Daniel R. White Realtor, LLC
Investment Insights
Based on property information with market context.
This duplex offers four bedrooms and two full bathrooms, with a detached two-car garage and a 200' deep lot. The property is currently zoned/certified as a duplex, with remarks describing the home as having potential to function as a single-family residence as desired by a buyer. The home is being sold as-is.
The property is located just houses away from Haddon Heights Jr and Sr High School, providing nearby access to school campuses.
For those who want to see the layout and site in person, the property is described as available to tour on July 28.
The property is located just houses away from Haddon Heights Jr and Sr High School, providing nearby access to school campuses.
For those who want to see the layout and site in person, the property is described as available to tour on July 28.
Key Highlights
- Currently zoned/certified as a duplex
- Detached two‑car garage
- 200' deep lot
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
$20,483
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
3.42%
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%
$409,660
$409.7K
Cap Rate 7%
$292,614
$292.6K
Cap Rate 9%
$227,589
$227.6K
Market Conditions
NOI Build-Up for 1,801 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
$30.9K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$29.3K $16.25/SF
− OpEx
−$8.8K −$4.87/SF
NOI
$20.5K $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%
$409,660
Cap Rate 7%
$292,614
Cap Rate 9%
$227,589
Alternative Uses
Best Use
Multifamily LT 5
$292.6K
$256.0K – $341.4K
NOI $20,483 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$261.3K
$228.6K – $304.8K
NOI $18,290 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$456.7K
$399.6K – $532.8K
NOI $31,966 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 08035, NJ
7,556
Population
3,326
Households
2.3
Avg Household Size
43
Median Age
55%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
4,723
Density / Sq Mi
$124,592
Median Household Income
$68,750
Median Earnings
$1,179
Median Rent
$353,700
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 - Duplex currently zoned/certified, featuring four bedrooms, two full baths, and a detached two-car garage.
Where is this duplex located?
The property is located at 412 1ST AVENUE Haddon Heights, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Currently zoned/certified as a duplex; Detached two‑car garage; 200' deep lot
