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447 E PROSPECT AVENUE
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 21, 2026 | Listed by RE/MAX Of Cherry Hill | $529,000 | |
| Listed by RE/MAX Of Cherry Hill | |||
| May 18, 2026 | Sold | ||
| Sold | |||
| May 5, 2026 | In contract | - | |
| In contract | |||
| Apr 12, 2026 | Listed by Balsley-Losco Realtors | $325,000 | |
| Listed by Balsley-Losco Realtors | |||
| | |||
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** Agents read agent remarks prior to showing ** BRING YOUR VISION! SWEAT EQUITY STARTS HERE! Opportunity knocks at 447 Prospect Ave! This spacious home, located at the end of a quiet cul-de-sac in desirable West Berlin, offers incredible potential for buyers looking to build equity and make a home their own.
The property has been generally well maintained over the years and appears structurally sound, with more recent cosmetic neglect presenting the perfect opportunity for updates and personalization. With comparable homes in the area reaching significantly higher values once renovated, this property is ideally suited for investors or owner-occupants ready to add value through sweat equity.
The home features a functional layout with multiple living spaces including a formal living room, dining room, kitchen, and additional entertaining area, along with a full bathroom on the first floor. Upstairs offers a generously sized primary bedroom with a Jack-and-Jill bathroom shared with well-proportioned secondary bedrooms. A full unfinished basement with sump pump system provides additional storage or future finishing potential.
Exterior highlights include a garage, large driveway, and a spacious backyard with endless possibilities—perfect for outdoor entertaining, especially when paired with the four-seasons room overlooking the yard. New construction nearby adds to the long-term appeal and potential value of the location. Property taxes are approximately $8,300 annually.
Conveniently located just off Route 73, this home offers quick access to everyday essentials with shopping centers including ShopRite, Home Depot, and Walmart all within approximately 3 minutes. Ideal for commuters, the property is located about 30 minutes to Center City Philadelphia, 48 minutes to Atlantic City, 50 minutes to Joint Base McGuire-Dix-Lakehurst (Fort Dix), and under an hour to Wilmington, DE.
Property is being sold strictly as-is. Buyer is responsible for all inspections, certifications, certificate of occupancy, and any repairs required for closing at buyer’s expense. Solar system is present; details regarding ownership or lease are still being verified by the Estate, and buyer may be required to assume any existing agreement.
This is a rare chance to secure a well-located home with strong upside potential, bring your vision and your contractor and unlock the value this property has to offer.
** PROPERTY IS BEING SOLD AS APART OF AN ESTATE **
** MOLD REMEDIATION HAS BEEN PERFORMED IN THE BASEMENT. A LEAK UNDER THE KITCHEN SINK CAUSED MOLD BEHIND THE SINK AND INTO THE BASEMENT; REPAIRS BEHIND THE KITCHEN SINK ARE STILL NEEDED AND ADDITIONAL REPAIRS MAY BE REQUIRED. **
** SMALL TRACE AMOUNTS OF MOLD WERE IDENTIFIED ON THE UNDERSIDE OF THE KITCHEN FLOORING PLYWOOD IN THE BASEMENT AND HAVE BEEN TREATED. **
** AGES OF MECHANICAL SYSTEMS AND ROOF ARE UNKNOWN. **
** BUYER IS RESPONSIBLE FOR ALL DUE DILIGENCE AND INSPECTIONS. **
** REMEDIATION FOR CAT/DOG BODILY FLUIDS HAS BEEN COMPLETED PRIOR TO LISTING, WITH RECEIPTS PROVIDED BY A LICENSED AND INSURED CONTRACTOR. **
** PROPERTY IS BEING SOLD STRICTLY AS-IS. BUYER IS RESPONSIBLE FOR ALL CERTIFICATIONS, INSPECTIONS, AND ANY REPAIRS REQUIRED TO CLOSE. **
** CAMERAS ON SITE - ANY AGENT WHO GIVES OUT ACCESS INFO TO PROSPECTIVE BUYERS WILL BE REPORTED TO THE BOARD **
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About Camden
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017