Renovated Two-Unit
For Sale
$664,900
911 ELDRIDGE Avenue, Oaklyn, NJ 08107
Multi-Family, OAKLYN, NJ
Property Size2,568 SF
Lot Size0.20 Acres
Price / SF$258.92
Days on Market129
Property Features for 911 ELDRIDGE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Driveway
Appliances
Dishwasher, Dryer, Microwave, Oven - Single, Refrigerator, Stainless Steel Appliances, Washer
High school
COLLINGSWOOD SENIOR H.S.
Elementary school district
COLLINGSWOOD PUBLIC SCHOOLS
Middle school district
COLLINGSWOOD PUBLIC SCHOOLS
High school district
COLLINGSWOOD PUBLIC SCHOOLS
Standard status
Active
Size
2,568 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
8901
Utilities
Heating system
Other (Heating)
Cooling system
Window Unit(s), Ceiling Fan(s)
Amenities
front porch
rear deck
private washer and dryer
large back yard
Building Details
Year built
1918
Number of units
2
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Century 21 Rauh & Johns · Century 21 Real Estate
(856) 582-0366
Listed By:
Kimberly A Reagan · License #1221462
(215) 704-0684
Added: May 1
Changed: Aug 19
Last Checked: Sep 6 at 5:06PM
MLS# NJCD2111686
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 2,568-square-foot Colonial duplex, built in 1918, contains two separately configured residences. The first-floor unit includes three bedrooms, a living room, eat-in kitchen, and one bathroom. The upper residence spans two levels and offers four bedrooms, a living room, eat-in kitchen, bathroom, and a private foyer entry. Its top-floor bedroom can also serve as additional living space and includes a walk-in closet.
The shared full basement provides storage along with a dedicated washer and dryer room for each unit. Separate mechanical systems support the two residences. Exterior features include a front porch, rear deck, two-car driveway, and large backyard. Both units are tenant occupied, and the property is being sold in its current condition.
The shared full basement provides storage along with a dedicated washer and dryer room for each unit. Separate mechanical systems support the two residences. Exterior features include a front porch, rear deck, two-car driveway, and large backyard. Both units are tenant occupied, and the property is being sold in its current condition.
Key Highlights
- Two‑unit duplex with 2,568 square feet of property size
- First‑floor unit with 3 bedrooms; upper unit with 4 bedrooms across two levels
- Full shared basement with separate washer and dryer rooms
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
$29,206
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
4.39%
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%
$584,120
$584.1K
Cap Rate 7%
$417,229
$417.2K
Cap Rate 9%
$324,511
$324.5K
Market Conditions
NOI Build-Up for 2,568 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
$44.1K $17.16/SF
− Vacancy
−$2.3K −$0.91/SF
EGI
$41.7K $16.25/SF
− OpEx
−$12.5K −$4.87/SF
NOI
$29.2K $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%
$584,120
Cap Rate 7%
$417,229
Cap Rate 9%
$324,511
Alternative Uses
Best Use
Multifamily LT 5
$417.2K
$365.1K – $486.8K
NOI $29,206 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$372.6K
$326.0K – $434.7K
NOI $26,079 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$651.1K
$569.7K – $759.7K
NOI $45,579 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
689
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
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 - Tenant-occupied Colonial with separate mechanical systems, private laundry areas, outdoor space, and driveway parking.
Where is this duplex located?
The property is located at 911 ELDRIDGE Avenue Oaklyn, NJ.
What is the asking price?
The asking price for this property is $664,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,568 square feet of property size; First‑floor unit with 3 bedrooms; upper unit with 4 bedrooms across two levels; Full shared basement with separate washer and dryer rooms
