Updated Duplex with Two 2-Bed
109 W EVESHAM AVENUE Magnolia, NJ 08049
109 W EVESHAM AVENUE, Magnolia, NJ, 08049
$425,000
For Sale
$425,000
MULTI_FAMILY - MAGNOLIA, NJ
Property Size1,788 SF
Price / SF$237.70
Days on Market17
Property Features for 109 W EVESHAM AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Active
- Size
- 1,788 SF
Building Details
- Year built
- 1900
Listing agency
BHHS Fox & Roach Moorestown
(856) 234-0011
Listed by
Jennifer Cotton · License #9912118
(856) 745-8724
Added: Jul 7 Updated: Jul 23 at 6:35AM Checked: Jul 23 at 9:06AM
MLS# NJCD2121850
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 updated duplex features two large 2-bedroom units, each with its own private entry options and covered porch access. The main floor unit includes a private side entry with a covered porch and a rear entry to a brick patio, along with an updated kitchen and hardwood floors, pocket doors separating living and main bedroom areas, and a full bathroom with a tub/shower plus a large walk-in closet near the second bedroom.
The upper unit is accessed from the front covered porch and includes a foyer with a stained-glass window and a wooden banister leading to the second floor. It offers kitchen finishes with hardwood floors and under-cabinet lighting, two entries to the full bathroom via a laundry room setup, and a versatile bonus area plus a second bedroom privately located on the third floor.
Each unit is individually metered for electric and gas and is supported by updated forced-air gas heaters and hot water tanks located in the full basement. Full-size washer and dryer units are provided for each unit, with no sharing, and the multi-car driveway includes designated spots for each unit.
The upper unit is accessed from the front covered porch and includes a foyer with a stained-glass window and a wooden banister leading to the second floor. It offers kitchen finishes with hardwood floors and under-cabinet lighting, two entries to the full bathroom via a laundry room setup, and a versatile bonus area plus a second bedroom privately located on the third floor.
Each unit is individually metered for electric and gas and is supported by updated forced-air gas heaters and hot water tanks located in the full basement. Full-size washer and dryer units are provided for each unit, with no sharing, and the multi-car driveway includes designated spots for each unit.
Key Highlights
- Updated duplex built in 1900 with two 2‑bedroom units
- Main floor unit has private side entry with covered porch and a rear entry to a brick patio
- High ceilings, hardwood floors, and large windows; living room and main bedroom separated by classic pocket doors
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 | $30.7k | $17.16 |
| − Vacancy | −$1.6k | −$0.91 |
| EGI | $29.0k | $16.25 |
| − OpEx | −$8.7k | −$4.87 |
| NOI | $20.3k | $11.37 |
1,788 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$290.5K
$254.2K – $338.9K
NOI $20,335 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$259.4K
$227.0K – $302.6K
NOI $18,158 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$453.4K
$396.7K – $528.9K
NOI $31,735 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated duplex offering two individually metered 2-bedroom units with in-unit laundry and separate parking spaces.
Where is this duplex located?
The property is located at 109 W EVESHAM AVENUE Magnolia, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Updated duplex built in 1900 with two 2‑bedroom units; Main floor unit has private side entry with covered porch and a rear entry to a brick patio; High ceilings, hardwood floors, and large windows; living room and main bedroom separated by classic pocket doors
