Duplex Being Sold
104 Union Avenue Stratford, NJ 08084
104 Union Avenue, Stratford, NJ, 08084
$370,000
For Sale
$370,000
Duplex in mid-renovation with first- and second-floor units, partially completed with central air duct work.
Property Size1,734 SF
Price / SF$213.38
Days on Market77
Property Features for 104 Union Avenue
General Information
- Standard status
- Active
- Size
- 1,734 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agency
Century 21 Mack Morris Iris Lurie
(732) 904-6678
Listed by
Constance Richmond · License #1862181
(732) 904-6678
Source
Compass
Added: May 7 Updated: Jul 22 at 1:31AM Checked: Jul 22 at 8:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Mack Morris Iris Lurie
Investment Insights
Based on property information with market context.
This duplex is offered for sale as-is and is not currently habitable. The property is mid-renovation, with some flooring completed. Kitchens and bathrooms are in progress, and central air duct work has been added. Additional work includes new windows and drywall, as well as a new electrical line installed for the second-floor unit.
The first-floor unit is described as a 4-bedroom layout, while the second-floor unit is described as a 2-bedroom layout. The property is located on a tree-lined street in Stratford, New Jersey.
The renovation status and as-is condition make this property most suitable for buyers prepared to complete the remaining improvements.
The first-floor unit is described as a 4-bedroom layout, while the second-floor unit is described as a 2-bedroom layout. The property is located on a tree-lined street in Stratford, New Jersey.
The renovation status and as-is condition make this property most suitable for buyers prepared to complete the remaining improvements.
Key Highlights
- Duplex built in 1930 on a tree‑lined street (Camden County, Stratford Boro 20432)
- 4‑bedroom first‑floor unit plus 2‑bedroom second‑floor unit
- Renovations in progress: some flooring completed; kitchens and bathrooms in progress
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 | $29.8k | $17.16 |
| − Vacancy | −$1.6k | −$0.91 |
| EGI | $28.2k | $16.25 |
| − OpEx | −$8.5k | −$4.87 |
| NOI | $19.7k | $11.37 |
1,734 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$281.7K
$246.5K – $328.7K
NOI $19,721 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$251.6K
$220.1K – $293.5K
NOI $17,610 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$439.7K
$384.7K – $513.0K
NOI $30,777 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex in mid-renovation with first- and second-floor units, partially completed with central air duct work.
Where is this duplex located?
The property is located at 104 Union Avenue Stratford, NJ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Duplex built in 1930 on a tree‑lined street (Camden County, Stratford Boro 20432); 4‑bedroom first‑floor unit plus 2‑bedroom second‑floor unit; Renovations in progress: some flooring completed; kitchens and bathrooms in progress
