Renovated Duplex with Separate
7324 Park Avenue Pennsauken, NJ 08109
For Sale
$549,919
Pending
Fully renovated duplex features two spacious 3-bedroom units with separate utilities for flexible occupancy.
Property Size2,316 SF
Days on Market119
Property Features for 7324 Park Avenue
General Information
- Standard status
- Pending
- Size
- 2,316 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing Agency:
Coldwell Banker Realty
(908) 309-1156
Listed By:
Kenneth F LePosa II · License #2220081
(908) 309-1156
Source:
Compass
Added: Mar 28
Changed: Jul 23
Last Checked: Jul 23 at 4:35PM
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 fully renovated duplex was renovated in 2024 and offers two spacious units. Each unit includes three bedrooms and 1+ bathrooms, with updated kitchens and modern finishes throughout. The property is configured for flexibility, with separate utilities for each unit, supporting either owner-occupancy or rental use.
The duplex is located at 7324 Park Avenue in Pennsauken, New Jersey (Camden County). Pennsauken Township Public Schools are listed for the school district.
With a turnkey, renovated condition and two independently served units, the property provides a straightforward residential income setup designed for immediate use.
The duplex is located at 7324 Park Avenue in Pennsauken, New Jersey (Camden County). Pennsauken Township Public Schools are listed for the school district.
With a turnkey, renovated condition and two independently served units, the property provides a straightforward residential income setup designed for immediate use.
Key Highlights
- Fully renovated (2024) duplex with two large units in Pennsauken, NJ
- Each unit features 3 bedrooms and 1+ bathrooms
- Updated kitchens and modern finishes throughout both units
Financial Insights For Multifamily LT 5
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 | $39.7k | $17.16 |
| − Vacancy | −$2.1k | −$0.91 |
| EGI | $37.6k | $16.25 |
| − OpEx | −$11.3k | −$4.87 |
| NOI | $26.3k | $11.37 |
2,316 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.3K
$329.3K – $439.0K
NOI $26,340 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$336.0K
$294.0K – $392.0K
NOI $23,520 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$587.2K
$513.8K – $685.1K
NOI $41,106 @ 7.0% cap · market cap 7.47%
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 - Fully renovated duplex features two spacious 3-bedroom units with separate utilities for flexible occupancy.
Where is this duplex located?
The property is located at 7324 Park Avenue Pennsauken, NJ.
What is the asking price?
The asking price for this property is $549,919.
What are key features of this property?
This property features: Fully renovated (2024) duplex with two large units in Pennsauken, NJ; Each unit features 3 bedrooms and 1+ bathrooms; Updated kitchens and modern finishes throughout both units
