503 CHESTNUT Street, Brooklawn, NJ 08030
MULTI_FAMILY - BROOKLAWN, NJ
- Added:
- Jun 29, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 7 at 1:06 pm
Property Features for 503 CHESTNUT Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4770
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1920
- Number of units
- 1
- Building materials
- Frame
Listing agent Monica L Francesco License #119598 (856) 981-9233
Listing office Keller Williams Realty - Washington Township 381 Egg Harbor Road unit: 2, Sewell, NJ (856) 582-1200
Listing date Jun 29, 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.
HighLights
- Brooklawn duplex built in 1920 with frame construction
- Each unit has 1 bedroom and 1 bathroom
- Upstairs unit is rented for $1,000/month; lease expires 11/30/2026
- Separate electric and gas meters for the two units
- 2021 boiler and roof replaced circa 2020
- Sold strictly AS IS; buyer responsible for inspections, repairs, and obtaining the township Certificate of Occupancy
Overview
The property is located at 503 Chestnut Street in Brooklawn, New Jersey, within Camden County. Public remarks note the duplex backs to Little Timber Creek.
For investors or owner-occupants seeking a duplex with independent metering, this layout offers two separate 1-bedroom/1-bath units, including one currently leased. The as-is condition and renovation requirement for the first-floor unit make it best suited for buyers prepared to complete inspections and repairs and manage the Certificate of Occupancy process through the township.
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 | $27.5k | $17.16 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $26.0k | $16.25 |
| − OpEx | −$7.8k | −$4.87 |
| NOI | $18.2k | $11.37 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklawn
- County
- Camden
- State
- New Jersey
- Longitude
- -75.12199402
- Latitude
- 39.88269043
