Renovated
For Sale
$519,000
7324 PARK AVENUE, Pennsauken, NJ 08109
Two spacious residences provide three bedrooms, updated kitchens, and separate utilities in each unit.
Property Size2,316 SF
Days on Market192
Property Features for 7324 PARK AVENUE
General Information
Standard status
Active
Size
2,316 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1+BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,615
Building Details
Building Size
2,316 SF
Year Built
1890
Year Renovated
2024
Listing Agency:
Coldwell Banker Realty
Listed By:
Kenneth F LePosa II · License #2220081
(908) 309-1156
Source:
Patmckennarealtors
Added: Apr 9
Changed: Oct 8
Last Checked: Oct 16 at 5:06PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each configured with 3 bedrooms and 1+ bathrooms. Both residences received a full renovation in 2024, including updated kitchens, refreshed interiors, modern finishes, and system improvements. Separate utilities support distinct operation for each unit, while the updated condition allows for immediate occupancy or leasing.
Built in 1890, the property is located in Pennsauken, New Jersey, within the 08109 ZIP code. The two-unit layout offers flexibility for an owner-occupant or an investor seeking a residential income property, subject to the buyer’s intended use.
Built in 1890, the property is located in Pennsauken, New Jersey, within the 08109 ZIP code. The two-unit layout offers flexibility for an owner-occupant or an investor seeking a residential income property, subject to the buyer’s intended use.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1+ bathrooms in each unit
- Full renovation completed in 2024
- Updated kitchens and modern interior finishes
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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Explore this area
Business Placement
Demographics for 08109, NJ
23,306
Population
9,314
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
86%
High-School Grad
4.8 sq mi
ZIP Area
4,855
Density / Sq Mi
$84,332
Median Household Income
$44,288
Median Earnings
$1,142
Median Rent
$227,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two spacious residences provide three bedrooms, updated kitchens, and separate utilities in each unit.
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 $519,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1+ bathrooms in each unit; Full renovation completed in 2024; Updated kitchens and modern interior finishes
