Two-Unit Duplex with
For Sale
$439,900
105 Willow Turn, Mount Laurel, NJ 08054
Fully occupied month-to-month rental property with separate electric responsibility and an attached garage.
Property Size2,100 SF
Price / SF$209.48
Days on Market20
Property Features for 105 Willow Turn
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Residential Income
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$36,900
Taxes and HOA fees
Annual Taxes
$5,820
Amenities
attached garage
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
BHHS Fox & Roach-Washington-Gloucester
(856) 981-1743
Listed By:
Timothy H Belko · License #0564155
(856) 981-1743
Source:
Exprealty
Added: Aug 3
Changed: Aug 21
Last Checked: Aug 21 at 10:52AM
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 BHHS Fox & Roach-Washington-Gloucester
Investment Insights
Based on property information with market context.
This 2,100-square-foot duplex contains two occupied residential units, offering a two-bedroom, one-bath layout in Unit 1 and a two-bedroom, two-bath layout in Unit 2. Both leases are month-to-month, providing a straightforward configuration for an income-property owner. An attached garage is included with the building.
Utility responsibilities are divided, with each tenant paying electric service. Water is billed back to the tenant, while sewer remains a landlord expense. The property has no HOA. Located in Mount Laurel, the duplex provides access to I-295, the New Jersey Turnpike, Route 73, and Route 38. Philadelphia is approximately 20 minutes away, and the Jersey Shore is approximately one hour away. The property may also be acquired with 107 Willow Turn as part of a two-property portfolio.
Utility responsibilities are divided, with each tenant paying electric service. Water is billed back to the tenant, while sewer remains a landlord expense. The property has no HOA. Located in Mount Laurel, the duplex provides access to I-295, the New Jersey Turnpike, Route 73, and Route 38. Philadelphia is approximately 20 minutes away, and the Jersey Shore is approximately one hour away. The property may also be acquired with 107 Willow Turn as part of a two-property portfolio.
Key Highlights
- 2,100‑square‑foot duplex at 105 Willow Turn, Mount Laurel, NJ
- Two‑bedroom, one‑bath Unit 1 and two‑bedroom, two‑bath Unit 2
- Both units are occupied and rented month‑to‑month
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
$30,095
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
6.84%
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%
$601,900
$601.9K
Cap Rate 7%
$429,929
$429.9K
Cap Rate 9%
$334,389
$334.4K
Market Conditions
NOI Build-Up for 2,100 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
$45.4K $21.60/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$43.0K $20.47/SF
− OpEx
−$12.9K −$6.14/SF
NOI
$30.1K $14.33/SF
Area
Burlington County, NJ
Vacancy
5.22%
Lease Rate
$21.60 /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%
$601,900
Cap Rate 7%
$429,929
Cap Rate 9%
$334,389
Alternative Uses
Best Use
Multifamily LT 5
$429.9K
$376.2K – $501.6K
NOI $30,095 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$392.9K
$343.8K – $458.4K
NOI $27,505 @ 7.0% cap · market cap 6.25%
Theoretical Best
Warehouse
$4.39M
$3.84M – $5.12M
NOI $307,448 @ 7.0% cap · market cap 69.89%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
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 - Fully occupied month-to-month rental property with separate electric responsibility and an attached garage.
Where is this duplex located?
The property is located at 105 Willow Turn Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: 2,100‑square‑foot duplex at 105 Willow Turn, Mount Laurel, NJ; Two‑bedroom, one‑bath Unit 1 and two‑bedroom, two‑bath Unit 2; Both units are occupied and rented month‑to‑month
