231 WHITE HORSE Pike Clementon, NJ 08021
MULTI_FAMILY - CLEMENTON, NJ
Property Features for 231 WHITE HORSE Pike
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Garage - Detached, Parking Lot
- Standard status
- Active
- Size
- 1,654 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7092
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1935
- Number of units
- 1
- Building materials
- Frame
Listing agent Daniel J Mauz License #0559622 (856) 302-4003
Listing office Keller Williams Realty - Washington Township 381 Egg Harbor Road unit: 2, Sewell, NJ (856) 582-1200
Listing date Jul 1, 2026
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.
Located in Clementon, New Jersey, the home is described as being near shopping, dining, and major roadways, supporting convenient day-to-day access for residents and visitors.
For investors seeking an occupied, two-unit residential income property, this setup provides two distinct one-bedroom tenancies within a single duplex structure. The detached garage adds supplemental on-site storage or parking utility for residents. The listing also indicates the property is part of an investment portfolio that includes multiple additional addresses, which may appeal to buyers evaluating a broader acquisition plan.
Key Highlights
- Duplex with two 1‑bedroom units
- Both units are currently rented
- Large detached garage plus parking lot parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $17.16 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $26.9k | $16.25 |
| − OpEx | −$8.1k | −$4.87 |
| NOI | $18.8k | $11.37 |
