Renovated Duplex with Separate
For Sale
$519,000
7324 Park Ave, Pennsauken, NJ
Two updated residential units provide flexible occupancy options with separate utilities.
Property Size2,316 SF
Price / SF$224.09
Days on Market202
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 7324 Park Ave
General Information
Standard status
Active
Size
2,316 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,615
Listing Agency:
Coldwell Banker Realty
(856) 685-5600
Listed By:
Kenneth F LePosa II · License #2220081
(908) 309-1156
Source:
Exprealty
Added: Mar 28
Changed: Oct 13
Last Checked: Oct 15 at 3:17AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex contains 2 residential units totaling 2,316 square feet, with each unit offering 3 bedrooms and 1+ bathrooms. Both residences were renovated in 2024 and include refreshed interiors, updated kitchens, modern finishes, and upgraded systems. Separate utilities support distinct operation for each unit.
Located at 7324 Park Ave in Pennsauken, NJ, the property combines a two-unit layout with substantial interior improvements. The configuration supports either owner occupancy with an additional residential unit or use as a two-unit rental property, consistent with the existing duplex design.
Located at 7324 Park Ave in Pennsauken, NJ, the property combines a two-unit layout with substantial interior improvements. The configuration supports either owner occupancy with an additional residential unit or use as a two-unit rental property, consistent with the existing duplex design.
Key Highlights
- 2,316‑square‑foot duplex with 2 residential units
- Each unit includes 3 bedrooms and 1+ bathrooms
- Renovated in 2024 with updated systems and fresh interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,340
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,800
$526.8K
Cap Rate 7%
$376,286
$376.3K
Cap Rate 9%
$292,667
$292.7K
Market Conditions
NOI Build-Up for 2,316 SF
Gross rent
$39.7K $17.16/SF
− Vacancy
−$2.1K −$0.91/SF
EGI
$37.6K $16.25/SF
− OpEx
−$11.3K −$4.87/SF
NOI
$26.3K $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%
$526,800
Cap Rate 7%
$376,286
Cap Rate 9%
$292,667
Alternative Uses
Best Use
Multifamily LT 5
$376.3K
$329.3K – $439.0K
NOI $26,340 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$336.0K
$294.0K – $392.0K
NOI $23,520 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$587.2K
$513.8K – $685.1K
NOI $41,106 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units provide flexible occupancy options with separate utilities.
Where is this duplex located?
The property is located at 7324 Park Ave Pennsauken, NJ.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 2,316‑square‑foot duplex with 2 residential units; Each unit includes 3 bedrooms and 1+ bathrooms; Renovated in 2024 with updated systems and fresh interiors
