Well-Maintained Duplex For
219 Evergreen Avenue Oaklyn, NJ 08107
219 Evergreen Avenue, Oaklyn, NJ, 08107
$359,900
For Sale
$359,900
Spacious duplex with income potential near amenities and major roadways.
Property Size1,610 SF
Price / SF$223.54
Days on Market619
Property Features for 219 Evergreen Avenue
General Information
- Standard status
- Active
- Size
- 1,610 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing Agency
Realty Mark Advantage
(856) 761-6226
Listed by
Edgar Cruz · License #1860506
(856) 761-6226
Source
Compass
Added: Nov 5, 2024 Checked: Jul 17 at 3:59 am
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 Realty Mark Advantage
Investment Insights
Based on property information with market context.
This well-maintained duplex features two spacious units, each containing 2 bedrooms and 1 full bathroom. The property is suitable for both owner-occupants and investors. Each unit offers comfortable living spaces, functional layouts, and ample natural light. The property is conveniently located near shopping, dining, schools, and major roadways. This duplex, with a total size of 1610 square feet, presents a strong income potential. The property is located in Woodlynne Boro, Camden County. The school district is OAKLYN BOROUGH PUBLIC SCHOOLS.
Key Highlights
- Well‑maintained duplex with two spacious units
- Each unit has 2 bedrooms and 1 full bathroom
- Great opportunity for owner‑occupants or investors
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 | $27.6k | $17.16 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $26.2k | $16.25 |
| − OpEx | −$7.8k | −$4.87 |
| NOI | $18.3k | $11.37 |
1,610 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.6K
$228.9K – $305.2K
NOI $18,310 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$233.6K
$204.4K – $272.5K
NOI $16,350 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$408.2K
$357.2K – $476.3K
NOI $28,576 @ 7.0% cap · market cap 7.94%
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 - Spacious duplex with income potential near amenities and major roadways.
Where is this duplex located?
The property is located at 219 Evergreen Avenue Oaklyn, NJ.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Well‑maintained duplex with two spacious units; Each unit has 2 bedrooms and 1 full bathroom; Great opportunity for owner‑occupants or investors
