Two-Story Townhome Investment
For Sale
$339,900
6142 MAIN STREET, Voorhees, NJ 08043
Well-maintained townhome with flexible living space, updated finishes, and a bedroom-and-bath combination on the main level.
Property Size2,210 SF
Price / SF$154.50
Days on Market132
Property Features for 6142 MAIN STREET
General Information
Standard status
Active
Size
2,210 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,458
Amenities
fireplace
Building Details
Building Size
2,210 SF
Year Built
1992
Stories
2
Listing Agency:
Lamb Realty
Listed By:
Dana V Stevens · License #680594
(856) 278-2028
Source:
Patmckennarealtors
Added: May 24
Changed: Oct 2
Last Checked: Oct 1 at 4:13PM
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 Lamb Realty
Investment Insights
Based on property information with market context.
Built in 1992, this two-story townhome provides more than 2,200 square feet of living space with a three-bedroom, three-bath layout. The main floor includes a bedroom and full bathroom, supporting guest accommodations, multigenerational living, or home office use. The living room features engineered hardwood flooring and a fireplace, while the kitchen includes granite countertops and substantial cabinetry.
The upper level contains an oversized primary suite with generous closet capacity and a large en suite bathroom. The property combines a practical floor plan with maintained interior finishes and is classified as a residential income property.
The upper level contains an oversized primary suite with generous closet capacity and a large en suite bathroom. The property combines a practical floor plan with maintained interior finishes and is classified as a residential income property.
Key Highlights
- 3‑bedroom, 3‑bath townhome with more than 2,200 square feet
- Two‑story layout with a main‑level bedroom and full bathroom
- Engineered hardwood flooring and a living‑room fireplace
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
$22,342
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
6.57%
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%
$446,840
$446.8K
Cap Rate 7%
$319,171
$319.2K
Cap Rate 9%
$248,244
$248.2K
Market Conditions
NOI Build-Up for 2,200 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
$43.0K $19.56/SF
− Vacancy
−$2.4K −$1.10/SF
EGI
$40.6K $18.46/SF
− OpEx
−$18.3K −$8.31/SF
NOI
$22.3K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
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%
$446,840
Cap Rate 7%
$319,171
Cap Rate 9%
$248,244
Alternative Uses
Best Use
Apartment 5plus
$319.2K
$279.3K – $372.4K
NOI $22,342 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.8K
$488.1K – $650.8K
NOI $39,048 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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Business Placement
Demographics for 08043, NJ
31,069
Population
12,688
Households
2.4
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
2,702
Density / Sq Mi
$112,606
Median Household Income
$65,078
Median Earnings
$1,718
Median Rent
$390,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained townhome with flexible living space, updated finishes, and a bedroom-and-bath combination on the main level.
Where is this residential income property located?
The property is located at 6142 MAIN STREET Voorhees, NJ.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: 3‑bedroom, 3‑bath townhome with more than 2,200 square feet; Two‑story layout with a main‑level bedroom and full bathroom; Engineered hardwood flooring and a living‑room fireplace
