Mixed-Use Duplex Near Cherry
For Sale
Under Contract
$250,000
7508 MAPLE Avenue, Pennsauken, NJ 08109
MULTI_FAMILY - Colonial - PENNSAUKEN, NJ
Property Size1,700 SF
Price / SF$147.06
Days on Market100
Property Features for 7508 MAPLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street
Interior features
Bathroom - Tub Shower, Carpet, Floor Plan - Traditional
Appliances
Oven/Range - Gas, Range Hood, Refrigerator
Elementary school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Middle school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
High school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Standard status
Active Under Contract
Size
1,700 SF
Taxes and HOA fees
Tax Annual Amount
5439
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1935
Number of units
1
Building materials
Frame
Architectural style
Colonial
Listing Agency:
RE/MAX Preferred - Sewell · RE/MAX International
(856) 589-4848
Listed By:
Austin J Reynolds · License #2561900
(856) 905-6894
Added: Apr 30
Changed: Jun 12
Last Checked: Aug 7 at 5:06PM
MLS# NJCD2116390
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use duplex is located approximately one mile from the Cherry Hill Mall. The property includes a newer roof, replaced in 2021. Unit A features a vacant commercial space, offering a customizable area suitable for various business needs. Unit B is a 2-bedroom, 1-bath apartment with long-term tenants, providing a source of immediate income. The property is being sold as-is.
Key Highlights
- Prime Investment Opportunity: Value‑add mixed‑use duplex with potential for significant cash flow.
- Strategic Location: Situated just one mile from the Cherry Hill Mall.
- Newer Roof: Roof was replaced in 2021.
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
$19,334
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
7.73%
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%
$386,680
$386.7K
Cap Rate 7%
$276,200
$276.2K
Cap Rate 9%
$214,822
$214.8K
Market Conditions
NOI Build-Up for 1,700 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
$29.2K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$27.6K $16.25/SF
− OpEx
−$8.3K −$4.87/SF
NOI
$19.3K $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 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%
$386,680
Cap Rate 7%
$276,200
Cap Rate 9%
$214,822
Alternative Uses
Best Use
Multifamily LT 5
$276.2K
$241.7K – $322.2K
NOI $19,334 @ 7.0% cap · market cap 7.73%
Second Best
Mixed Use
$254.1K
$222.3K – $296.4K
NOI $17,786 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$431.0K
$377.2K – $502.9K
NOI $30,173 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
544
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Value-add duplex with commercial space near Cherry Hill Mall.
Where is this mixed-use property located?
The property is located at 7508 MAPLE Avenue Pennsauken, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime Investment Opportunity: Value‑add mixed‑use duplex with potential for significant cash flow.; Strategic Location: Situated just one mile from the Cherry Hill Mall.; Newer Roof: Roof was replaced in 2021.
