Partially Renovated Duplex with Unit
For Sale
$370,000
104 UNION AVE, Stratford, NJ 08084
Two-level layout includes in-progress kitchens and bathrooms, added ductwork, and a new electrical line serving the second floor.
Property Size1,734 SF
Price / SF$213.38
Days on Market47
Property Features for 104 UNION AVE
General Information
Standard status
Active
Size
1,734 SF
Property subtype
Multi-family
Property Condition
Severity
Major Repairs Needed
Evidence
not currently habitable
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 4BR, 1 x 2BR
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Century 21 Mack Morris Iris Lurie
(732) 536-2228
Listed By:
Constance Richmond · License #1862181
(732) 904-6678
Source:
Palmerharned
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 26 at 4:01PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 104 Union Ave in Stratford, this 1,734-square-foot duplex is offered as an active renovation project. The first-floor residence is configured with 4 bedrooms, while the second-floor unit has 2 bedrooms. Work completed to date includes some flooring, selected replacement windows, drywall, ductwork for Central Air, and a new electrical line for the second floor. Kitchens and bathrooms remain in progress.
The property is not currently habitable and will transfer strictly as-is. Cash or 203K financing only. Its two-unit configuration and partially completed improvements provide a defined scope for completing the existing residential layout.
The property is not currently habitable and will transfer strictly as-is. Cash or 203K financing only. Its two-unit configuration and partially completed improvements provide a defined scope for completing the existing residential layout.
Key Highlights
- 1,734‑square‑foot duplex with two residential units
- 4‑bedroom first‑floor unit and 2‑bedroom second‑floor unit
- Renovation underway with kitchens and bathrooms in progress
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,721
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,420
$394.4K
Cap Rate 7%
$281,729
$281.7K
Cap Rate 9%
$219,122
$219.1K
Market Conditions
NOI Build-Up for 1,734 SF
Gross rent
$29.8K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$28.2K $16.25/SF
− OpEx
−$8.5K −$4.87/SF
NOI
$19.7K $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 Rate 5%
$394,420
Cap Rate 7%
$281,729
Cap Rate 9%
$219,122
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 authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 08084, NJ
6,981
Population
2,574
Households
2.7
Avg Household Size
41
Median Age
32%
College-Educated
92%
High-School Grad
1.6 sq mi
ZIP Area
4,363
Density / Sq Mi
$100,735
Median Household Income
$52,002
Median Earnings
$1,172
Median Rent
$238,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-level layout includes in-progress kitchens and bathrooms, added ductwork, and a new electrical line serving the second floor.
Where is this duplex located?
The property is located at 104 UNION AVE 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: 1,734‑square‑foot duplex with two residential units; 4‑bedroom first‑floor unit and 2‑bedroom second‑floor unit; Renovation underway with kitchens and bathrooms in progress
