One-Bedroom Residential Income
New
For Sale
$170,000
700 NEW STREET Unit 302, Camden, NJ 08103
Brick apartment unit with garage parking, private storage, and access to a shared rooftop patio.
Property Size820 SF
Days on Market5
Property Features for 700 NEW STREET Unit 302
General Information
Standard status
Active
Size
820 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,579
Amenities
rooftop patio
private parking garage
main floor laundry hookup
additional storage
Building Details
Building Size
820 SF
Year Built
2011
Construction
brick
Listing Agency:
Home and Heart Realty
Listed By:
Luci Shields · License #1756524
(856) 418-1324
Source:
Patmckennarealtors
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 19 at 2:37PM
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 Home and Heart Realty
Investment Insights
Based on property information with market context.
Unit 302 is a one-bedroom apartment in a high-rise residential building completed in 2011. The residence includes a dedicated dining area, main-floor laundry hookup, and large windows that bring natural light into the interior. Brick construction adds a durable exterior characteristic to the property.
Residents have access to a rooftop patio, while the unit includes private parking in a garage and additional storage. The property is located at 700 New Street in Camden, New Jersey, within a neighborhood offering dining, shopping, and entertainment options.
Residents have access to a rooftop patio, while the unit includes private parking in a garage and additional storage. The property is located at 700 New Street in Camden, New Jersey, within a neighborhood offering dining, shopping, and entertainment options.
Key Highlights
- One‑bedroom apartment in a high‑rise building completed in 2011
- Private parking garage with additional storage for the unit
- Rooftop patio available within the community
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
$8,328
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
4.90%
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%
$166,560
$166.6K
Cap Rate 7%
$118,971
$119.0K
Cap Rate 9%
$92,533
$92.5K
Market Conditions
NOI Build-Up for 820 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
$16.0K $19.56/SF
− Vacancy
−$898 −$1.10/SF
EGI
$15.1K $18.46/SF
− OpEx
−$6.8K −$8.31/SF
NOI
$8.3K $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%
$166,560
Cap Rate 7%
$118,971
Cap Rate 9%
$92,533
Alternative Uses
Best Use
Apartment 5plus
$119.0K
$104.1K – $138.8K
NOI $8,328 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.9K
$181.9K – $242.6K
NOI $14,554 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 08103, NJ
12,862
Population
5,384
Households
2.4
Avg Household Size
34
Median Age
10%
College-Educated
71%
High-School Grad
2.1 sq mi
ZIP Area
6,125
Density / Sq Mi
$37,563
Median Household Income
$26,402
Median Earnings
$1,203
Median Rent
$103,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Brick apartment unit with garage parking, private storage, and access to a shared rooftop patio.
Where is this residential income property located?
The property is located at 700 NEW STREET Unit 302 Camden, NJ.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: One‑bedroom apartment in a high‑rise building completed in 2011; Private parking garage with additional storage for the unit; Rooftop patio available within the community
