Cape Cod Style Residential Income
For Sale
$250,000
7924 RIVER Road, Pennsauken, NJ 08110
Multi-Family, PENNSAUKEN, NJ
Property Size1,298 SF
Lot Size0.14 Acres
Price / SF$192.60
Days on Market54
Property Features for 7924 RIVER Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Off Street, Driveway
Subdivision
DELAIR
Elementary school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Middle school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
High school district
PENNSAUKEN TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
1,298 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4916
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1930
Number of units
1
Building materials
Frame
Architectural style
Cape Cod
Listing Agency:
Keller Williams - Main Street
(856) 858-2200
Listed By:
Lisa Darji · License #2336835
(856) 770-4736
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 21 at 3:06PM
MLS# NJCD2121220
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 Cape Cod-style residential income property is being sold strictly as-is and is in need of extensive repair. The layout includes four bedrooms and a full basement, with off-street parking provided. The seller will make no repairs, and the buyer will be responsible for any certification of occupancy requirements and removal of items left behind.
The property is located in Pennsauken, NJ, with access to public transportation and bridges noted in the remarks, which may support commuter-oriented use.
For investors and buyers prepared to complete necessary rehabilitation, this offering presents a straightforward residential income asset with a defined bedroom configuration, full basement space, and off-street parking. Because the property requires significant work and is subject to as-is sale terms, due diligence is essential, including verifying all occupancy, condition, and compliance items prior to closing.
The property is located in Pennsauken, NJ, with access to public transportation and bridges noted in the remarks, which may support commuter-oriented use.
For investors and buyers prepared to complete necessary rehabilitation, this offering presents a straightforward residential income asset with a defined bedroom configuration, full basement space, and off-street parking. Because the property requires significant work and is subject to as-is sale terms, due diligence is essential, including verifying all occupancy, condition, and compliance items prior to closing.
Key Highlights
- Cape Cod home built in 1930 with frame construction
- 4 bedrooms and a full basement
- Heating: forced air; cooling: window unit(s)
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
$13,182
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
5.27%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Cape Cod-style income property with off-street parking and full basement, offered strictly as-is for extensive repair.
Where is this single family 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: Cape Cod home built in 1930 with frame construction; 4 bedrooms and a full basement; Heating: forced air; cooling: window unit(s)
