Remodeled Two-Unit
For Sale
$349,000
4647 ROOSEVELT AVE, Pennsauken, NJ 08109
One residence is remodeled and vacant, while the other is occupied under a month-to-month lease.
Property Size1,875 SF
Price / SF$186.13
Days on Market44
Property Features for 4647 ROOSEVELT AVE
General Information
Standard status
Active
Size
1,875 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Amenities
basement storage
laundry facilities
Building Details
Buildings
1
Listing Agency:
RE/MAX ONE Realty-Moorestown
(856) 866-2525
Listed By:
Gregory S Hale · License #8435262
(856) 866-2525
Source:
Graves
Added: Jul 18
Changed: Aug 29
Last Checked: Aug 29 at 7:39PM
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 RE/MAX ONE Realty-Moorestown
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,875 square feet and offers distinct residential layouts. The first-floor residence includes one bedroom, a large living room, a kitchen, and a spacious floor plan. It is occupied under a month-to-month lease. The second-floor unit has two bedrooms and has been remodeled; it is currently vacant and available for occupancy.
Both residences have basement storage access and separate laundry facilities. The property also includes a two-car garage, with tenants responsible for their own utilities while the owner pays water, sewer, and CCMUA charges. The building is being sold strictly as-is, and the air-conditioning units in the second residence are excluded.
Both residences have basement storage access and separate laundry facilities. The property also includes a two-car garage, with tenants responsible for their own utilities while the owner pays water, sewer, and CCMUA charges. The building is being sold strictly as-is, and the air-conditioning units in the second residence are excluded.
Key Highlights
- 1,875‑square‑foot duplex with two residential units
- Second‑floor 2‑bedroom unit has been remodeled and is vacant
- First‑floor 1‑bedroom unit is occupied on a month‑to‑month lease
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
$21,324
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
6.11%
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%
$426,480
$426.5K
Cap Rate 7%
$304,629
$304.6K
Cap Rate 9%
$236,933
$236.9K
Market Conditions
NOI Build-Up for 1,875 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
$32.2K $17.16/SF
− Vacancy
−$1.7K −$0.91/SF
EGI
$30.5K $16.25/SF
− OpEx
−$9.1K −$4.87/SF
NOI
$21.3K $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%
$426,480
Cap Rate 7%
$304,629
Cap Rate 9%
$236,933
Alternative Uses
Best Use
Multifamily LT 5
$304.6K
$266.6K – $355.4K
NOI $21,324 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$272.0K
$238.0K – $317.4K
NOI $19,042 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$475.4K
$416.0K – $554.7K
NOI $33,279 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
574
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
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 - One residence is remodeled and vacant, while the other is occupied under a month-to-month lease.
Where is this duplex located?
The property is located at 4647 ROOSEVELT AVE Pennsauken, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,875‑square‑foot duplex with two residential units; Second‑floor 2‑bedroom unit has been remodeled and is vacant; First‑floor 1‑bedroom unit is occupied on a month‑to‑month lease
