Duplex With Wood-Burning
New
For Sale
$369,000
12 FANELLI Lane, Blackwood, NJ 08012
MULTI_FAMILY - Other - BLACKWOOD, NJ
Property Size2,048 SF
Lot Size0.15 Acres
Price / SF$180.18
Days on Market3
Property Features for 12 FANELLI Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Driveway
Fireplace
1
Elementary school district
BLACK HORSE PIKE REGIONAL SCHOOLS
Middle school district
BLACK HORSE PIKE REGIONAL SCHOOLS
High school district
BLACK HORSE PIKE REGIONAL SCHOOLS
Standard status
Active
Size
2,048 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
8048
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
wood-burning fireplaces
in-unit laundry facilities
Building Details
Year built
1975
Number of units
2
Building materials
Aluminum Siding
Architectural style
Other
Listing Agency:
Realty Mark Advantage
(856) 457-4900
Listed By:
Ya Deng
(215) 583-7777
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 14 at 4:06AM
MLS# NJCD2124628
Copyright © 2026 Bright MLS. 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 detached duplex contains 2,048 square feet on a 0.15-acre lot, with two residential units and wood-burning fireplaces in each. Both units include in-unit laundry facilities. The property was built in 1975 and features aluminum siding, hot-water heating, and central air conditioning.
A driveway provides parking for two vehicles. The property is located at 12 Fanelli Lane in Blackwood, New Jersey, within Camden County and ZIP Code 08012. The source information also places the house a five-minute drive from a premium outlet.
A driveway provides parking for two vehicles. The property is located at 12 Fanelli Lane in Blackwood, New Jersey, within Camden County and ZIP Code 08012. The source information also places the house a five-minute drive from a premium outlet.
Key Highlights
- Two‑unit detached duplex with 2,048 square feet of building area
- Each unit includes a wood‑burning fireplace and in‑unit laundry
- 0.15‑acre lot with driveway parking for two vehicles
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
$23,292
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
6.31%
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%
$465,840
$465.8K
Cap Rate 7%
$332,743
$332.7K
Cap Rate 9%
$258,800
$258.8K
Market Conditions
NOI Build-Up for 2,048 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
$35.1K $17.16/SF
− Vacancy
−$1.9K −$0.91/SF
EGI
$33.3K $16.25/SF
− OpEx
−$10.0K −$4.87/SF
NOI
$23.3K $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%
$465,840
Cap Rate 7%
$332,743
Cap Rate 9%
$258,800
Alternative Uses
Best Use
Multifamily LT 5
$332.7K
$291.2K – $388.2K
NOI $23,292 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$297.1K
$260.0K – $346.7K
NOI $20,799 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$519.3K
$454.4K – $605.8K
NOI $36,350 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
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 - Detached two-unit property with in-unit laundry, central air, and a private driveway.
Where is this duplex located?
The property is located at 12 FANELLI Lane Blackwood, NJ.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Two‑unit detached duplex with 2,048 square feet of building area; Each unit includes a wood‑burning fireplace and in‑unit laundry; 0.15‑acre lot with driveway parking for two vehicles
