End-Unit Duplex with Attached
For Sale
$449,900
107 WILLOW TURN, Mount Laurel, NJ 08054
MULTI_FAMILY - MOUNT LAUREL, NJ
Property Size2,204 SF
Price / SF$204.13
Days on Market9
Property Features for 107 WILLOW TURN
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Subdivision
WILLOW TURN
High school
LENAPE REG
Standard status
Active
Size
2,204 SF
Amenities
attached garage
Building Details
Year built
1979
Listing Agency:
BHHS Fox & Roach Washington-Gloucester Home Marketing Center · Berkshire Hathaway HomeServices
Listed By:
Timothy Belko · License #0564155
(856) 981-1743
Added: Aug 3
Changed: Aug 10
Last Checked: Aug 11 at 9:06PM
MLS# NJBL2117674
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 2,204-square-foot duplex, built in 1979, is configured as an end unit with two separately occupied residences. Unit A contains 2 bedrooms and 2 baths, while Unit B offers 3 bedrooms and 2 baths. Both units are leased on a month-to-month basis, and the property includes an attached garage.
Residents pay their own electric service. Water is paid by the landlord and billed back to the occupants, with sewer identified as the remaining landlord-paid operating expense. The property has no HOA.
The Mount Laurel location 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.
Residents pay their own electric service. Water is paid by the landlord and billed back to the occupants, with sewer identified as the remaining landlord-paid operating expense. The property has no HOA.
The Mount Laurel location 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.
Key Highlights
- 2,204 square feet with two residential units
- End‑unit configuration with an attached garage
- Unit A: 2 bedrooms and 2 baths
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
$31,585
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
7.02%
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%
$631,700
$631.7K
Cap Rate 7%
$451,214
$451.2K
Cap Rate 9%
$350,944
$350.9K
Market Conditions
NOI Build-Up for 2,204 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
$47.6K $21.60/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$45.1K $20.47/SF
− OpEx
−$13.5K −$6.14/SF
NOI
$31.6K $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%
$631,700
Cap Rate 7%
$451,214
Cap Rate 9%
$350,944
Alternative Uses
Best Use
Multifamily LT 5
$451.2K
$394.8K – $526.4K
NOI $31,585 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$412.4K
$360.8K – $481.1K
NOI $28,867 @ 7.0% cap · market cap 6.42%
Theoretical Best
Warehouse
$4.61M
$4.03M – $5.38M
NOI $322,674 @ 7.0% cap · market cap 71.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
621
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 - Two month-to-month residences provide a two-bedroom and three-bedroom unit mix.
Where is this duplex located?
The property is located at 107 WILLOW TURN Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,204 square feet with two residential units; End‑unit configuration with an attached garage; Unit A: 2 bedrooms and 2 baths
