Updated Duplex with Solar
For Sale
$450,000
616 Route 130 Camden Ave, Burlington, NJ 08016
C-2-zoned duplex with two distinct units, an oversized garage, multiple outbuildings, and owned solar panels.
Property Size1,737 SF
Price / SF$259.07
Days on Market10
Property Features for 616 Route 130 Camden Ave
General Information
Standard status
Active
Size
1,737 SF
Property subtype
Multi-Family
Zoning
C-2
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
solar panels
garage
sheds
yard
laundry
basement
enclosed porch
pantry
walk-in closet
hardwood floors
granite countertops
stainless steel appliances
eat-in kitchen
Building Details
Year Built
1920
Listing Agency:
ERA Central Realty Group - Bordentown
(609) 298-4800
Listed By:
Anjani D Kumar
Source:
Viewmarylandhomesforsale
Added: Aug 23
Changed: Aug 31
Last Checked: Sep 1 at 7:57PM
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 ERA Central Realty Group - Bordentown
Investment Insights
Based on property information with market context.
This duplex presents two separate residential layouts within a well-maintained property. The front unit includes an updated eat-in kitchen with granite counters and stainless-steel appliances, a living room, oversized bedroom with walk-in closet, full bath, laundry, hardwood flooring, and basement access. The rear unit provides an eat-in kitchen, pantry, full bath, enclosed porch, living room, and two upstairs bedrooms.
The basement is clean and dry, with storage or workspace and a utility sink. Exterior improvements include a wide driveway with parking for 8+ vehicles, an oversized detached garage with electricity, two sheds, and a large yard. Owned solar panels are also installed. The property carries C-2 zoning and is within walking distance of restaurants, shopping, parks, and light rail. Built in 1920.
The basement is clean and dry, with storage or workspace and a utility sink. Exterior improvements include a wide driveway with parking for 8+ vehicles, an oversized detached garage with electricity, two sheds, and a large yard. Owned solar panels are also installed. The property carries C-2 zoning and is within walking distance of restaurants, shopping, parks, and light rail. Built in 1920.
Key Highlights
- Two‑unit duplex with separate front and rear residential layouts
- C‑2 zoning supports the property’s stated multifamily classification
- Wide driveway with parking for 8+ vehicles
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
$24,892
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
5.53%
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%
$497,840
$497.8K
Cap Rate 7%
$355,600
$355.6K
Cap Rate 9%
$276,578
$276.6K
Market Conditions
NOI Build-Up for 1,737 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
$37.5K $21.60/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$35.6K $20.47/SF
− OpEx
−$10.7K −$6.14/SF
NOI
$24.9K $14.33/SF
Area
Burlington County, NJ
Vacancy
5.22%
Lease Rate
$21.60 /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%
$497,840
Cap Rate 7%
$355,600
Cap Rate 9%
$276,578
Alternative Uses
Best Use
Multifamily LT 5
$355.6K
$311.2K – $414.9K
NOI $24,892 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$325.0K
$284.4K – $379.2K
NOI $22,751 @ 7.0% cap · market cap 5.06%
Theoretical Best
Warehouse
$3.63M
$3.18M – $4.24M
NOI $254,303 @ 7.0% cap · market cap 56.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - C-2-zoned duplex with two distinct units, an oversized garage, multiple outbuildings, and owned solar panels.
Where is this duplex located?
The property is located at 616 Route 130 Camden Ave Burlington, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit duplex with separate front and rear residential layouts; C‑2 zoning supports the property’s stated multifamily classification; Wide driveway with parking for 8+ vehicles
