Excellent investment opportunity in Cherry Hill, NJ just off Route 38 and conveniently located to several major bridges offering easy access to Philadelphia. 502 Chapel Avenue features three rental units with excellent upside. This mixed use property consist of two apartments and one commercial space on the first floor. Both apartments are occupied with long term tenants and the commercial space is currently vacant. The building has one 3-bedroom unit and one 1-bedroom unit. Both units are well maintained with significant upgrades throughout including tile flooring, mechanicals, paint, upgraded kitchen & baths. The downstairs commercial space offers a large open floor plan with multiple private offices, bullpen area, kitchen and bathroom. All separate utilities in place for tenants with the landlord covering water/sewer/Insurance & Taxes. This is an excellent investment opportunity with major upside.
Sold for $318,000
$318,000
502 Chapel Ave W, Cherry Hill, NJ 08002
4beds
--baths
--sqft
Retail
Built in 1928
-- sqft lot
$400,600 Zestimate®
$--/sqft
$2,546 Estimated rent
Home value
$400,600
$373,000 - $433,000
$2,546/mo
Zestimate® history
Owner options
List your home for rent
$2,546/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,546/mo
Rent Zestimate®
Refinance and save
$2,346/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,346/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Commercial spaceLarge open floor planUpgraded kitchenMultiple private officesBullpen area
Zillow last checked:
Listing updated:
Listed by:
Dawn Varallo 856-381-7884,
BHHS Fox & Roach-Marlton
Bought with:
Rima Friag, 234319
Weichert Realtors - Old Bridge
Source: Bright MLS,MLS#: NJCD2061186
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Basement
- Area: 0
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Gas Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 7,501 Square Feet
- Dimensions: 50.00 x 150.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 0900191 0100017
- Zoning: RESIDENTIAL `
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Straight Thru
- Property subtype: Retail
Materials
- Brick
- Foundation: Brick/Mortar
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cherry Hill
- Municipality: CHERRY HILL TWP
Financial & listing details
- Tax assessed value: $231,900
- Annual tax amount: $9,475
- Date on market: 1/15/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 8/2/2024 | Listing removed | $350,000+10.1% |
Source: Berkshire Hathaway HomeServices Fox & Roach, REALTORS #NJCD2061186 Report a problem | ||
| 4/30/2024 | Sold | $318,000-9.1% |
Source:  Bright MLS #NJCD2061186 Report a problem | ||
| 3/23/2024 | Pending sale | $350,000 |
Source: Bright MLS #NJCD2061186 Report a problem | ||
| 1/15/2024 | Listed for sale | $350,000 |
Source: Bright MLS #NJCD2061186 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Cherry Hill Mall
Nearby homes
- $--1 bd1 ba950 sqft502 Chapel Ave W #F, Cherry Hill, NJ 08002Off Market
- $374,0004 bd2 ba1.4k sqft504 Chapel Ave W, Cherry Hill, NJ 08002Off Market
- $295,8003 bd1 ba1.4k sqft500 Chapel Ave W, Cherry Hill, NJ 08002Off Market
- $348,2003 bd2 ba1.4k sqft506 Chapel Ave W, Cherry Hill, NJ 08002Off Market
- $287,000-- bd-- ba950 sqft337 Essex Ave, Cherry Hill, NJ 08002Off Market
- $331,800-- bd-- ba1.4k sqft335 Essex Ave, Cherry Hill, NJ 08002Off Market
- $281,9002 bd1 ba878 sqft508 Chapel Ave W, Cherry Hill, NJ 08002Off Market
- $316,400-- bd-- ba1.2k sqft498 Chapel Ave W, Cherry Hill, NJ 08002Off Market
Nearby schools
GreatSchools rating
- 6/10Joyce Kilmer Elementary SchoolGrades: K-5Distance: 2.2 mi
- 5/10John A Carusi Middle SchoolGrades: 6-8Distance: 2.4 mi
- 5/10Cherry Hill High-West High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: Cherry Hill Township Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$400,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$400,600
- New Jersey
- Camden County
- Cherry Hill
- 08002
- Cherry Hill Mall
- 502 Chapel Ave W
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Cherry Hill Topics
