Two-Unit Duplex Income
639 State Street Camden, NJ 08102
For Sale
$299,900
Pending
Legal two-unit duplex offering two 3-bedroom residences with hardwood floors, tiled baths, and in-unit appliances.
Property Size2,568 SF
Lot Size0.03 Acres
Days on Market391
Property Features for 639 State Street
General Information
- Standard status
- Pending
- Size
- 2,568 SF
- Lot size
- 0.03 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing Agency:
Keller Williams Philadelphia
(267) 847-9562
Listed By:
Nathan S Naness · License #AB068470
(267) 847-9562
Source:
Compass
Added: Jun 30, 2025
Changed: Jul 22
Last Checked: Jul 24 at 3:03PM
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 Keller Williams Philadelphia
Investment Insights
Based on property information with market context.
This legal two-unit duplex is configured with two separate 3-bedroom units. Interiors feature hardwood floors throughout, ceramic tiled baths, and breakfast bars with granite tops in each unit. Each unit includes a dishwasher, range, French door refrigerator, and washer and dryer. The property also offers a nice front porch and a fenced-in rear yard, with a 16-by-80-foot lot noted in the listing.
The property is located in Camden County’s Camden City area near bus service, with an airport less than 10 miles away, according to the listing. The listing agent notes proximity to two new Camden parks.
The duplex layout is designed to support rental income, with the listing providing monthly rents by unit and noting it is easy to see.
The property is located in Camden County’s Camden City area near bus service, with an airport less than 10 miles away, according to the listing. The listing agent notes proximity to two new Camden parks.
The duplex layout is designed to support rental income, with the listing providing monthly rents by unit and noting it is easy to see.
Key Highlights
- Legal two‑unit duplex with 3 bedrooms in each unit
- Monthly rent reported as $1,700 for one unit and $1,300 for the other
- Hardwood floors throughout; ceramic tiled baths in both units
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $19.56 |
| − Vacancy | −$2.8k | −$1.10 |
| EGI | $47.4k | $18.46 |
| − OpEx | −$21.3k | −$8.31 |
| NOI | $26.1k | $10.16 |
2,568 SF · lease $19.56/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.1K – $486.8K
NOI $29,206 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,079 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$651.1K
$569.7K – $759.7K
NOI $45,579 @ 7.0% cap · market cap 15.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal two-unit duplex offering two 3-bedroom residences with hardwood floors, tiled baths, and in-unit appliances.
Where is this duplex located?
The property is located at 639 State Street Camden, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Legal two‑unit duplex with 3 bedrooms in each unit; Monthly rent reported as $1,700 for one unit and $1,300 for the other; Hardwood floors throughout; ceramic tiled baths in both units
