Cape Cod Residential Income
For Sale
$250,000
7924 RIVER ROAD, Pennsauken, NJ 08110
The 1930-built residence has forced-air natural gas heat and window-unit cooling.
Property Size1,298 SF
Price / SF$192.60
Days on Market10
Property Features for 7924 RIVER ROAD
General Information
Standard status
Active
Size
1,298 SF
Property subtype
Residential Income
Zoning
RESIDENTIAL
Taxes and HOA fees
Annual Taxes
$4,916
Amenities
Window Unit(s)
Natural Gas, Forced Air
Unfinished
Gas Water Heater
Off Street, Driveway
Cape Cod
Building Details
Building Size
1,298 SF
Year Built
1930
Listing Agency:
Please Contact Listing Office
Listed By:
Lisa Darji · License #2336835
(856) 770-4736
Source:
Evrealestate
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 25 at 2:55AM
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 Please Contact Listing Office
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Investment Insights
Based on property information with market context.
This residential income property is a Cape Cod-style residence built in 1930, with 1,298 square feet of property area. Interior features include window-unit cooling, forced-air heat fueled by natural gas, and a gas water heater. An unfinished area is also noted.
Off-street parking is available through a driveway. The property is on River Road in Pennsauken, Camden County, New Jersey.
Off-street parking is available through a driveway. The property is on River Road in Pennsauken, Camden County, New Jersey.
Key Highlights
- 1,298 square feet of property area
- Built in 1930
- Cape Cod‑style residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,182
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,640
$263.6K
Cap Rate 7%
$188,314
$188.3K
Cap Rate 9%
$146,467
$146.5K
Market Conditions
NOI Build-Up for 1,298 SF
Gross rent
$25.4K $19.56/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$24.0K $18.46/SF
− OpEx
−$10.8K −$8.31/SF
NOI
$13.2K $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 Rate 5%
$263,640
Cap Rate 7%
$188,314
Cap Rate 9%
$146,467
Alternative Uses
Best Use
Apartment 5plus
$188.3K
$164.8K – $219.7K
NOI $13,182 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.1K
$288.0K – $384.0K
NOI $23,038 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 08110, NJ
19,599
Population
6,738
Households
2.9
Avg Household Size
37
Median Age
20%
College-Educated
77%
High-School Grad
6.5 sq mi
ZIP Area
3,015
Density / Sq Mi
$81,307
Median Household Income
$40,804
Median Earnings
$1,192
Median Rent
$194,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 1930-built residence has forced-air natural gas heat and window-unit cooling.
Where is this residential income property located?
The property is located at 7924 RIVER ROAD 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: 1,298 square feet of property area; Built in 1930; Cape Cod‑style residence
