1230 Chase St · Camden, NJ 08104

$145,000

3 bd · 1.0 ba · 1,402 sqft · SingleFamily public records · 153 Days on market

Built 1920 1,999 sqft lot Est $184k · 21% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1230 Chase St, an interior row home located in the Whitman Park section of Camden. This property offers a functional layout with multiple bedrooms and a full bath, along with convenient access to major highways, public transportation, and local amenities. A great opportunity for an owner occupant or investor. The home features newer tile flooring in the kitchen and throughout the house. Schedule your showing today!

Key facts

• 2 garage spots
• Built 1920
• Listed 152 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 7.1% in Camden — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#262 in NJ) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A; Watch: schools F, crime F, employment F.
• Camden City School District (urban): math 3% / reading 16% proficiency, ranked #472 of 472 in NJ (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 86% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 95 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 1,018 units permitted in Camden County in 2024 (509 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Camden County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $10k; list at $145k implies a 1365% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 10.53%
• Cash-on-cash: 15.12%
• DSCR: 1.67
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $183,662
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1306 Thurman St	0.15mi	3/1.0	1,398 (-0%)	4mo	$140,000	$100	89
1314 Atlantic Ave	0.31mi	3/1.5	1,380 (-2%)	2mo	$245,000	$178	80
1240 Chase Street St S	0.02mi	4/1.5 (+1)	1,500 (+7%)	2mo	$143,000	$95	79
1216 Sheridan St	0.11mi	3/1.5	1,524 (+9%)	5mo	$252,000	$165	75
1128 Everett St	0.20mi	3/1.5	1,575 (+12%)	12mo	$175,000	$111	58
1243 Magnolia Ave	0.64mi	3/1.0	1,460 (+4%)	6mo	$115,000	$79	58
117 Cooper Ave	0.59mi	4/1.0 (+1)	1,344 (-4%)	7mo	$180,000	$134	55
1460 Belleview Ave	0.60mi	3/1.0	1,483 (+6%)	12mo	$194,000	$131	52
851 Carl Miller Blvd	0.45mi	3/1.0	1,557 (+11%)	12mo	$190,000	$122	51
1553 Wildwood Ave	0.74mi	3/2.0	1,440 (+3%)	10mo	$128,000	$89	49
152 Evergreen Ave	0.72mi	3/2.0	1,568 (+12%)	10mo	$255,000	$163	34
134 Cooper Ave	0.63mi	4/2.0 (+1)	1,559 (+11%)	12mo	$375,000	$241	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.8%
• Equity multiple: 1.22×
• Total profit: $9,082
• Equity at exit: $21,620

10-year hold

• IRR: 15.2%
• Equity multiple: 2.23×
• Total profit: $49,835
• Equity at exit: $12,537

Cash invested: $40,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08104

• Active inventory: 95
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,841 high
• Mortgage (P&I): −$760
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $512

Break-even live

Break-even rent $1,193

Max offer price $145,000

Occupancy floor 67%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1502 S 9th St Camden, NJ	2.0	1.0	1050	$1,475	$1.40	19d	1	0.43mi
1364 Kaighn Ave Camden, NJ	2.0	1.0	912	$1,485	$1.63	2d	1	0.44mi
1455 Wildwood Ave Camden, NJ	3.0	1.5	1353	$1,900	$1.40	10d	1	0.59mi
1055 Kenwood Ave Camden, NJ	4.0	1.0	1088	$1,875	$1.72	24d	1	0.64mi
209 Cedar Ave Oaklyn, NJ	2.0	1.0	1400	$1,500	$1.07	16d	1	0.66mi
209 Cedar Ave Oaklyn, NJ	2.0	1.0	1400	$1,800	$1.29	5d	1	0.66mi
1509 Park Blvd Camden, NJ	1.0–2.0	1.0	1075	$1,650	$1.53	24d	1	0.73mi
457 Mechanic St Camden, NJ	3.0	2.0	1200	$1,950	$1.62	18d	1	0.95mi
708 Royden St Camden, NJ	3.0	1.0	1113	$1,595	$1.43	17d	1	1.04mi
537 Newton Ave Camden, NJ	2.0	1.0	1092	$1,500	$1.37	12d	1	1.05mi
537 Newton Ave Camden, NJ	2.0	1.0	1092	$1,500	$1.37	18d	1	1.05mi
727 Berkley St Camden, NJ	2.0	1.5	1008	$1,660	$1.65	24d	1	1.10mi
301 Champion Ave Oaklyn, NJ	2.0	1.0	661	$1,770	$2.68	4d	3	1.10mi
221 Haddon Ave Collingswood, NJ	4.0	2.0	1744	$3,100	$1.78	3d	1	1.11mi
225 Haddon Ave Collingswood, NJ	2.0	2.0	1211	$3,372	$2.78	1d	6	1.13mi
132 E Franklin Ave Unit A Collingswood, NJ	2.0	1.0	1000	$2,400	$2.40	24d	1	1.20mi
609 Henry St Camden, NJ	3.0	1.0	1290	$1,600	$1.24	24d	1	1.28mi
2829 Idaho Rd Camden, NJ	3.0	1.5	1048	$1,700	$1.62	24d	1	1.29mi
2892 N Constitution Rd Camden, NJ	3.0	1.0	1040	$2,000	$1.92	24d	1	1.30mi
1220 Grant Ave Unit 2 Oaklyn, NJ	2.0	1.0	1000	$1,800	$1.80	20d	1	1.31mi
430 Richey Ave Unit 1A Oaklyn, NJ	2.0	1.0	897	$2,100	$2.34	4d	1	1.32mi
264 Boyd St Unit B Camden, NJ	2.0	1.0	1616	$1,700	$1.05	24d	1	1.33mi
1034 Collings Ave Oaklyn, NJ	2.0	1.0	1100	$1,750	$1.59	18d	1	1.36mi
440 Henry St Camden, NJ	3.0	1.5	1224	$2,200	$1.80	24d	1	1.37mi
809 Eldridge Ave Unit 2 Oaklyn, NJ	2.0	1.0	1720	$2,050	$1.19	24d	1	1.45mi

Listing history 24 events

1. 2026-02-11
   price $145,000 429-char remark

   Show marketing remark (429 chars)

   Welcome to 1230 Chase St, an interior row home located in the Whitman Park section of Camden. This property offers a functional layout with multiple bedrooms and a full bath, along with convenient access to major highways, public transportation, and local amenities. A great opportunity for an owner occupant or investor. The home features newer tile flooring in the kitchen and throughout the house. Schedule your showing today!

2. 2025-12-29
   listed $150,000 Active 429-char remark

   Show marketing remark (429 chars)

   Welcome to 1230 Chase St, an interior row home located in the Whitman Park section of Camden. This property offers a functional layout with multiple bedrooms and a full bath, along with convenient access to major highways, public transportation, and local amenities. A great opportunity for an owner occupant or investor. The home features newer tile flooring in the kitchen and throughout the house. Schedule your showing today!

3. 2025-12-22
   historical $150,000 429-char remark

   Show marketing remark (429 chars)

   Welcome to 1230 Chase St, an interior row home located in the Whitman Park section of Camden. This property offers a functional layout with multiple bedrooms and a full bath, along with convenient access to major highways, public transportation, and local amenities. A great opportunity for an owner occupant or investor. The home features newer tile flooring in the kitchen and throughout the house. Schedule your showing today!

4. 2019-12-09
   soldstatus $9,900 Closed 375-char remark

   Show marketing remark (375 chars)

   INVESTMENT PROPERTY in Camden is available for YOU!! This 3 BR/1 BA (twin) home features a small yard (fenced) with detached garage. The full basement will complete your storage needs. This end unit is conveniently located to public transportation. This one could pay for itself - previous tenant paid $800.00 monthly! Pay us a visit and see what we have to offer . .. YOU?!!

5. 2019-07-22
   status Pending 375-char remark

   Show marketing remark (375 chars)

   INVESTMENT PROPERTY in Camden is available for YOU!! This 3 BR/1 BA (twin) home features a small yard (fenced) with detached garage. The full basement will complete your storage needs. This end unit is conveniently located to public transportation. This one could pay for itself - previous tenant paid $800.00 monthly! Pay us a visit and see what we have to offer . .. YOU?!!

6. 2019-07-14
   listed $9,900 Active 375-char remark

   Show marketing remark (375 chars)

   INVESTMENT PROPERTY in Camden is available for YOU!! This 3 BR/1 BA (twin) home features a small yard (fenced) with detached garage. The full basement will complete your storage needs. This end unit is conveniently located to public transportation. This one could pay for itself - previous tenant paid $800.00 monthly! Pay us a visit and see what we have to offer . .. YOU?!!

7. 2019-04-11
   historical
8. 2019-03-15
   listed $9,900 Active
9. 2019-01-30
   historical
10. 2018-12-09
    listed $9,900 Active
11. 2018-04-17
    historical
12. 2017-07-24
    listed $19,000 Active
13. 2017-06-08
    historical
14. 2016-06-08
    listed $19,900
15. 2016-06-04
    historical
16. 2016-05-17
    listed $34,900
17. 2015-01-15
    historical
18. 2014-07-15
    listed $48,000
19. 2004-12-03
    soldstatus $57,680
20. 2004-09-30
    soldstatus $55,000
21. 2004-08-01
    historical
22. 2004-04-28
    listed $55,000
23. 2004-02-18
    historical
24. 2003-08-20
    listed $67,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $1,464 · $122/mo
• Projected year-2 tax: $2,537 · $211/mo
• Expected delta: +$1,073/yr (+$89/mo · 73.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,093
• − Mortgage interest: −$8,122
• − Property taxes: −$1,464
• − Insurance: −$725
• − Repairs & maintenance: −$1,767
• − Management: −$1,767
• − Depreciation: −$4,218
• Taxable income: $4,029
• Est. tax owed @ 24.0%: −$967
• After-tax cash flow: $5,173/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Camden City School District
• NCES district ID: 3402640
• Math proficiency: 3% ▼ -6.00%
• Reading proficiency: 16% ▬ 0.00%
• Median HH income: $25,845
• Composite: 6.85/100
• National rank: #9981
• State rank: #472 of 472 in NJ

Livability — Camden

• Score: 70/100
• State rank: #262
• US rank: #7721

Category grades

Amenities A+ Commute A+ Cost of living A Crime F Employment F Housing B+ Health & safety A User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Camden, NJ
• City population: 20,865
• Population (ZIP): 21,508

Population outlook (Camden County) Hauer SSP2

• Today (2025): 507,964 people
• By 2030: 502,182 · -1.1%
• By 2040: 485,602 · -4.4%
• By 2050: 465,630 · -8.3%
• By 2075: 419,986 · -17.3%
• By 2100: 369,492 · -27.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 53% Hispanic / Latino 40% Two or more races 9% White 2% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 22% Cuban 2% Dominican 9%
• Common ancestry: Hispanic 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 69% English-only · Spanish 29% Vietnamese 1%

Political lean MEDSL · Camden

• 2024 margin: Strong D (+27.4) · D 63.0% · R 35.5% · Other 1.5%
• 2008→2024 swing: -8.8pp toward R · 2008: 36.2pp · 2024: 27.4pp
• All cycles: 2024: D+27.4 2020: D+33.5 2016: D+32.4 2012: D+36.6 2008: D+36.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -123.43%
• Current HPI: 209.3596
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+113.5% since first listed

24 events — show timeline

• 2026-02-11 Price Changed $145,000 BRIGHT MLS
• 2025-12-29 Listed $150,000 BRIGHT MLS
• 2025-12-22 Coming Soon $150,000 BRIGHT MLS
• 2019-12-09 Sold (MLS) $9,900 BRIGHT MLS
• 2019-07-22 Pending — BRIGHT MLS
• 2019-07-14 Listed $9,900 BRIGHT MLS
• 2019-04-11 Listing Removed — BRIGHT MLS
• 2019-03-15 Listed $9,900 BRIGHT MLS
• 2019-01-30 Listing Removed — BRIGHT MLS
• 2018-12-09 Listed $9,900 BRIGHT MLS
• 2018-04-17 Listing Removed — BRIGHT MLS
• 2017-07-24 Listed $19,000 BRIGHT MLS
• 2017-06-08 Listing Removed — BRIGHT MLS
• 2016-06-08 Listed $19,900 BRIGHT MLS
• 2016-06-04 Listing Removed — BRIGHT MLS
• 2016-05-17 Listed $34,900 BRIGHT MLS
• 2015-01-15 Listing Removed — BRIGHT MLS
• 2014-07-15 Listed $48,000 BRIGHT MLS
• 2004-12-03 Sold (Public Records) $57,680 Public Records
• 2004-09-30 Sold (MLS) $55,000 BRIGHT MLS
• 2004-08-01 Listing Removed — BRIGHT MLS
• 2004-04-28 Listed $55,000 BRIGHT MLS
• 2004-02-18 Listing Removed — BRIGHT MLS
• 2003-08-20 Listed $67,900 BRIGHT MLS

Property tax history

+0.6%/yr

Latest (2025): $1,464 · +4.1% YoY. Source: county tax records.