Renovated Duplex with Fenced
36 W CEDAR Avenue Merchantville, NJ 08109
36 W CEDAR Avenue, Merchantville, NJ, 08109
$449,999
For Sale
$449,999
MULTI_FAMILY - Colonial - MERCHANTVILLE, NJ
Property Size2,000 SF
Lot Size0.34 Acres
Price / SF$224
Days on Market28
Property Features for 36 W CEDAR Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 18
- Parking features
- Driveway, Parking Lot, Garage - Detached
- Interior features
- Ceiling Fan(s), Window Treatments
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10860
Utilities
- Heating system
- Steam, Other (Heating), Hot Water(Heating), Forced Air
- Cooling system
- Window Unit(s), Central Air, Ceiling Fan(s)
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Aluminum Siding
- Architectural style
- Colonial
Listing agency
HomeSmart First Advantage Realty
(856) 363-3000
Listed by
Natalie Schanne · License #1647304
(609) 325-1705
Added: Jun 26 Updated: Jul 13 at 11:11AM Checked: Jul 23 at 12:06AM
MLS# NJCD2121002
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 colonial duplex offers two separate units with a total of three levels and substantial outdoor space, including front and back covered porches, rear Trex decking, and a large fenced backyard. The property includes a 2-car garage and rear parking lot, and the roof was recently replaced (estimated 2023–2024).
Unit A has been recently renovated and features 1 bedroom and 1.5 bathrooms, with 8–9' ceilings and solid hardwood flooring. The kitchen includes solid wood cabinetry and newer stainless steel appliances, including an icemaker refrigerator and a gas oven/stove. Unit A also offers a renovated bathroom with a new double-sink quartz vanity, a half bath with new fixtures, a new washer and dryer, and central air with a gas furnace and air conditioning. Unit A further includes an approximately 600-square-foot partially finished basement with a utility room, washer/dryer, and office or walk-in closet shelving space.
Unit B has been freshly renovated and features 3–4 bedrooms and 1 bathroom, with refinished hardwood floors and new paint. The kitchen includes solid wood cabinetry with stainless steel appliances and a gas oven/stove. Heating is provided by a newer boiler (2025). The property can be provided vacant, partially occupied, or fully occupied as desired, and the listing indicates a furniture offer option.
Unit A has been recently renovated and features 1 bedroom and 1.5 bathrooms, with 8–9' ceilings and solid hardwood flooring. The kitchen includes solid wood cabinetry and newer stainless steel appliances, including an icemaker refrigerator and a gas oven/stove. Unit A also offers a renovated bathroom with a new double-sink quartz vanity, a half bath with new fixtures, a new washer and dryer, and central air with a gas furnace and air conditioning. Unit A further includes an approximately 600-square-foot partially finished basement with a utility room, washer/dryer, and office or walk-in closet shelving space.
Unit B has been freshly renovated and features 3–4 bedrooms and 1 bathroom, with refinished hardwood floors and new paint. The kitchen includes solid wood cabinetry with stainless steel appliances and a gas oven/stove. Heating is provided by a newer boiler (2025). The property can be provided vacant, partially occupied, or fully occupied as desired, and the listing indicates a furniture offer option.
Key Highlights
- Duplex‑style home with approx 2,000 SF across 3 levels and a large fenced backyard
- Recently replaced roof (est 2023–2024) plus covered front and back porches and a rear Trex deck
- Detached 2‑car garage and rear parking lot with parking lot and driveway access
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 | $34.3k | $17.16 |
| − Vacancy | −$1.8k | −$0.91 |
| EGI | $32.5k | $16.25 |
| − OpEx | −$9.7k | −$4.87 |
| NOI | $22.7k | $11.37 |
2,000 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.1K
NOI $22,746 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$290.2K
$253.9K – $338.5K
NOI $20,311 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$507.1K
$443.7K – $591.6K
NOI $35,498 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Charming two-unit duplex with renovated interiors, central air, and a rear deck plus fenced backyard and garage parking.
Where is this duplex located?
The property is located at 36 W CEDAR Avenue Merchantville, NJ.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Duplex‑style home with approx 2,000 SF across 3 levels and a large fenced backyard; Recently replaced roof (est 2023–2024) plus covered front and back porches and a rear Trex deck; Detached 2‑car garage and rear parking lot with parking lot and driveway access
