Victorian
New
For Sale
$385,000
117 STATION AVENUE, Glendora, NJ 08029
The second unit includes a converted attic, and a detached garage is also part of the property.
Property Size2,132 SF
Days on Market5
Property Features for 117 STATION AVENUE
General Information
Standard status
Active
Size
2,132 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,816
Building Details
Building Size
2,132 SF
Year Built
1942
Construction
Victorian
Listing Agency:
OCF Realty LLC - Philadelphia
Listed By:
Alyssia Saraullo · License #2333864
(856) 834-9949
Source:
Brucerealty
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 10:11PM
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 OCF Realty LLC - Philadelphia
Investment Insights
Based on property information with market context.
Built in 1942, this Victorian-style duplex in Glendora, New Jersey, contains two residential units. The second unit has a converted attic, and the property includes a detached garage. A new roof is scheduled for installation this month.
Key Highlights
- Two‑unit duplex built in 1942
- Converted attic in the second unit
- Detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,247
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,940
$484.9K
Cap Rate 7%
$346,386
$346.4K
Cap Rate 9%
$269,411
$269.4K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$36.6K $17.16/SF
− Vacancy
−$1.9K −$0.91/SF
EGI
$34.6K $16.25/SF
− OpEx
−$10.4K −$4.87/SF
NOI
$24.2K $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%
$484,940
Cap Rate 7%
$346,386
Cap Rate 9%
$269,411
Alternative Uses
Best Use
Multifamily LT 5
$346.4K
$303.1K – $404.1K
NOI $24,247 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$309.3K
$270.7K – $360.9K
NOI $21,652 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$540.6K
$473.0K – $630.7K
NOI $37,841 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 08029, NJ
4,900
Population
2,217
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
94%
High-School Grad
1.1 sq mi
ZIP Area
4,455
Density / Sq Mi
$95,038
Median Household Income
$50,658
Median Earnings
$782
Median Rent
$220,500
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
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Frequently Asked Questions
What type of property is this?
Duplex - The second unit includes a converted attic, and a detached garage is also part of the property.
Where is this duplex located?
The property is located at 117 STATION AVENUE Glendora, NJ.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1942; Converted attic in the second unit; Detached garage
