Duplex with Separate
New
For Sale
$340,000
301 LANDIS Avenue, Oaklyn, NJ 08107
Multi-Family, OAKLYN, NJ
Property Size1,600 SF
Lot Size0.20 Acres
Price / SF$212.50
Days on Market3
Property Features for 301 LANDIS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Driveway
Elementary school district
OAKLYN BOROUGH PUBLIC SCHOOLS
Middle school district
OAKLYN BOROUGH PUBLIC SCHOOLS
High school district
OAKLYN BOROUGH PUBLIC SCHOOLS
Standard status
Active
Size
1,600 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
8302
Utilities
Heating system
Baseboard, Hot Water(Heating)
Cooling system
Window Unit(s)
Amenities
laundry machines
Building Details
Year built
1928
Number of units
2
Building materials
Block
Architectural style
Bungalow
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
Michael P Carr · License #234785
(856) 904-3829
Added: Sep 10
Changed: Sep 11
Last Checked: Sep 12 at 2:06PM
MLS# NJCD2126576
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 fully occupied duplex contains 1,600 square feet within a 1928 block bungalow. Separate heat and electric panels support tenant-paid heat and electricity, while hot-water baseboard heating and window-unit cooling serve the building. The basement includes owner-owned laundry equipment, with one set assigned to each tenant.
The property sits on 0.2 acres and includes a driveway. Its residential configuration, separate utility panels, and existing laundry setup provide a defined operating structure for the two-unit building.
The property sits on 0.2 acres and includes a driveway. Its residential configuration, separate utility panels, and existing laundry setup provide a defined operating structure for the two-unit building.
Key Highlights
- Fully occupied duplex with 1,600 square feet
- Separate heat and electric panels for each tenant
- Owner‑owned laundry machines in the basement; one set per tenant
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
$18,197
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
5.35%
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%
$363,940
$363.9K
Cap Rate 7%
$259,957
$260.0K
Cap Rate 9%
$202,189
$202.2K
Market Conditions
NOI Build-Up for 1,600 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
$27.5K $17.16/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$26.0K $16.25/SF
− OpEx
−$7.8K −$4.87/SF
NOI
$18.2K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$363,940
Cap Rate 7%
$259,957
Cap Rate 9%
$202,189
Alternative Uses
Best Use
Multifamily LT 5
$260.0K
$227.5K – $303.3K
NOI $18,197 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$232.1K
$203.1K – $270.8K
NOI $16,249 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied bungalow with basement laundry and driveway parking.
Where is this duplex located?
The property is located at 301 LANDIS Avenue Oaklyn, NJ.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Fully occupied duplex with 1,600 square feet; Separate heat and electric panels for each tenant; Owner‑owned laundry machines in the basement; one set per tenant
