Two-Unit Side-by-Side
54 HADDON AVENUE, West Berlin, NJ 08091
For Sale
New
$489,000
Each residence has a separate front entry, and one unit is set to be vacant at closing.
Property Size2,984 SF
Price / SF$163.87
Days on Market4
Property Features for 54 HADDON AVENUE
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Better Homes and Gardens Real Estate Realty Connect
(856) 494-8080
Listed By:
ALBERT Thomas MOORE · License NJ #2189248
(856) 265-7657
Source:
Cummingsrealtors
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:31PM
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 Better Homes and Gardens Real Estate Realty Connect
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1983, this 2,984-square-foot duplex contains two side-by-side residences, each with three bedrooms and its own front entrance. One unit has 1.5 baths; the other has two full baths. Interior repairs and updates are needed, and the property is being sold as-is.
One residence is tenant-occupied, while the other is expected to be delivered vacant at closing. The lot also includes a yard and a gravel parking area.
One residence is tenant-occupied, while the other is expected to be delivered vacant at closing. The lot also includes a yard and a gravel parking area.
Key Highlights
- Two side‑by‑side three‑bedroom units
- 2,984 square feet; built in 1983
- Separate front entrances for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,937
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,740
$678.7K
Cap Rate 7%
$484,814
$484.8K
Cap Rate 9%
$377,078
$377.1K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$51.2K $17.16/SF
− Vacancy
−$2.7K −$0.91/SF
EGI
$48.5K $16.25/SF
− OpEx
−$14.5K −$4.87/SF
NOI
$33.9K $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%
$678,740
Cap Rate 7%
$484,814
Cap Rate 9%
$377,078
Alternative Uses
Best Use
Multifamily LT 5
$484.8K
$424.2K – $565.6K
NOI $33,937 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$432.9K
$378.8K – $505.1K
NOI $30,304 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$756.6K
$662.0K – $882.7K
NOI $52,963 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 08091, NJ
5,867
Population
2,588
Households
2.3
Avg Household Size
45
Median Age
26%
College-Educated
90%
High-School Grad
3.3 sq mi
ZIP Area
1,778
Density / Sq Mi
$74,828
Median Household Income
$41,031
Median Earnings
$1,346
Median Rent
$247,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Camden County, NJ
Properties on Market for Duplexes in Camden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a separate front entry, and one unit is set to be vacant at closing.
Where is this duplex located?
The property is located at 54 HADDON AVENUE West Berlin, NJ.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Two side‑by‑side three‑bedroom units; 2,984 square feet; built in 1983; Separate front entrances for each residence
