Duplex With Front
For Sale
$399,000
122 E WAYNE TERRACE, Collingswood, NJ 08108
Dutch Colonial duplex with two bedrooms per unit, wood-burning fireplaces, and shared foyer with driveway parking and double garage.
Property Size1,843 SF
Price / SF$216.49
Days on Market99
Property Features for 122 E WAYNE TERRACE
General Information
Standard status
Active
Size
1,843 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
front porch
original hardwood floors
wood-burning fireplaces
stained-glass windows
storage area
basement
shared laundry
central air conditioning
forced air gas heat
gas radiant heat
separate gas water heaters
solar panels
driveway parking
double car garage
Building Details
Year Built
1925
Stories
2
Construction
Dutch Colonial
Listing Agency:
Sabal Real Estate
(856) 872-4100
Listed By:
Linda C Jakymiw · License #226632
(856) 905-4278
Source:
Cummingsrealtors
Added: Jul 21
Changed: Oct 27
Last Checked: Oct 26 at 3:56PM
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 Sabal Real Estate
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Investment Insights
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This Dutch Colonial duplex offers two bedrooms in each unit, along with a kitchen and dining room, one full bath, and original hardwood floors in the living rooms, dining rooms, and bedrooms. Both units feature wood-burning fireplaces, with a front porch at the entry. Inside, a shared foyer provides access to the first-floor unit to the right and the second-floor unit up the stairs on the left, where two original stained-glass windows adorn the staircase.
A storage area off the foyer includes stairs to an exterior side entrance and provides access to both upper and lower levels. The full basement includes shared laundry and ample storage. The upper unit includes a wall of windows and a glass door leading to an open upper-level porch.
Driveway parking and a double car garage are included. The lower unit has central air conditioning and forced air gas heat, while the upper unit has an air handler for air conditioning and gas radiant heat on the upper level. There are separate gas water heaters, a shared water/sewer meter, and solar panels for the upper unit only under a transferable solar lease.
A storage area off the foyer includes stairs to an exterior side entrance and provides access to both upper and lower levels. The full basement includes shared laundry and ample storage. The upper unit includes a wall of windows and a glass door leading to an open upper-level porch.
Driveway parking and a double car garage are included. The lower unit has central air conditioning and forced air gas heat, while the upper unit has an air handler for air conditioning and gas radiant heat on the upper level. There are separate gas water heaters, a shared water/sewer meter, and solar panels for the upper unit only under a transferable solar lease.
Key Highlights
- Dutch Colonial duplex built in 1925 in Collingswood with two bedrooms per unit
- Each unit features original hardwood floors and a wood‑burning fireplace
- Shared foyer with original stained‑glass windows on the staircase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,960
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,200
$419.2K
Cap Rate 7%
$299,429
$299.4K
Cap Rate 9%
$232,889
$232.9K
Market Conditions
NOI Build-Up for 1,843 SF
Gross rent
$31.6K $17.16/SF
− Vacancy
−$1.7K −$0.91/SF
EGI
$29.9K $16.25/SF
− OpEx
−$9.0K −$4.87/SF
NOI
$21.0K $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%
$419,200
Cap Rate 7%
$299,429
Cap Rate 9%
$232,889
Alternative Uses
Best Use
Multifamily LT 5
$299.4K
$262.0K – $349.3K
NOI $20,960 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,717 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$467.3K
$408.9K – $545.2K
NOI $32,711 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
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Business Placement
Demographics for 08108, NJ
18,618
Population
9,173
Households
2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
6,896
Density / Sq Mi
$107,764
Median Household Income
$70,887
Median Earnings
$1,680
Median Rent
$358,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Dutch Colonial duplex with two bedrooms per unit, wood-burning fireplaces, and shared foyer with driveway parking and double garage.
Where is this duplex located?
The property is located at 122 E WAYNE TERRACE Collingswood, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Dutch Colonial duplex built in 1925 in Collingswood with two bedrooms per unit; Each unit features original hardwood floors and a wood‑burning fireplace; Shared foyer with original stained‑glass windows on the staircase
