Duplex with Separate
For Sale
$348,000
11 West Cedar Avenue, Oaklyn, NJ 08107
Two residential units feature distinct layouts, outdoor space, and driveway parking for multiple cars.
Property Size1,352 SF
Price / SF$257.40
Days on Market238
Property Features for 11 West Cedar Avenue
General Information
Standard status
Active
Size
1,352 SF
Total Parking Spaces
5
Property subtype
Multi-Family / Fee Simple
Zoning
MULTI
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,689
Amenities
No
Dryer, Oven/Range - Gas, Refrigerator, Washer, Water Heater
Ceiling Fan(s), Kitchen - Eat-In, Bathroom - Tub Shower, Bathroom - Stall Shower, Breakfast Area, Carpet, Combination Dining/Living, Combination Kitchen/Dining, Dining Area, Entry Level Bedroom, Kitchen - Table Space
No Pool
Above Grade, Below Grade
Exterior Lighting, Gutter System, Sidewalks
Deck(s)
Building Details
Year Built
1920
Buildings
1
Listing Agency:
EXP Realty, LLC
(609) 313-8518
Listed By:
Ines De La Cruz · License #9909296
(609) 313-8518
Source:
Compass
Added: Jan 5
Changed: Aug 29
Last Checked: Aug 30 at 11:12PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1920, this 1,352-square-foot duplex contains two residential units with separately metered utilities and MULTI zoning. The first-floor residence includes central air, a living and dining area, laminate flooring, an eat-in kitchen with wood cabinetry and a gas range, two bedrooms, an updated bathroom, and in-unit washer and dryer access. A side deck and large backyard extend the lower-level living space. The upper unit offers two bedrooms, a kitchen, and a bathroom with tile finishes.
A driveway accommodates multiple vehicles, and the property sits on a one-way street near White Horse Pike (Route 30), with shopping, dining, parks, schools, and public transportation within walking distance. The SpeedLine train to Philadelphia is a short drive away. The property is located in Oaklyn, Camden County, and is served by the Collingswood Borough school district.
A driveway accommodates multiple vehicles, and the property sits on a one-way street near White Horse Pike (Route 30), with shopping, dining, parks, schools, and public transportation within walking distance. The SpeedLine train to Philadelphia is a short drive away. The property is located in Oaklyn, Camden County, and is served by the Collingswood Borough school district.
Key Highlights
- 1,352‑square‑foot duplex built in 1920
- Two units with separate utilities
- First‑floor unit includes central air, updated bathroom, side deck, and large backyard
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
$15,376
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
4.42%
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%
$307,520
$307.5K
Cap Rate 7%
$219,657
$219.7K
Cap Rate 9%
$170,844
$170.8K
Market Conditions
NOI Build-Up for 1,352 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
$23.2K $17.16/SF
− Vacancy
−$1.2K −$0.91/SF
EGI
$22.0K $16.25/SF
− OpEx
−$6.6K −$4.87/SF
NOI
$15.4K $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 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%
$307,520
Cap Rate 7%
$219,657
Cap Rate 9%
$170,844
Alternative Uses
Best Use
Multifamily LT 5
$219.7K
$192.2K – $256.3K
NOI $15,376 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$196.1K
$171.6K – $228.8K
NOI $13,730 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$342.8K
$300.0K – $399.9K
NOI $23,996 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
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 residential units feature distinct layouts, outdoor space, and driveway parking for multiple cars.
Where is this duplex located?
The property is located at 11 West Cedar Avenue Oaklyn, NJ.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: 1,352‑square‑foot duplex built in 1920; Two units with separate utilities; First‑floor unit includes central air, updated bathroom, side deck, and large backyard
