Split-Level Residential Income
For Sale
$374,000
Pending
18 Trinity Lane, Blackwood, NJ 08012
3-bedroom, 1.5-bath split level with vaulted ceilings, skylights, updated kitchen, fenced backyard, and enclosed back porch.
Property Size1,744 SF
Days on Market815
Property Features for 18 Trinity Lane
General Information
Standard status
Pending
Size
1,744 SF
Property subtype
Triplex
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$7,874
Amenities
vaulted ceilings
skylights
ceiling fans
stainless steel appliance package
quartz counters
patio
fully fenced backyard
shed
laundry room
Central Air, Ceiling Fan(s)
3
Self-Cleaning Oven, Washer, Dryer, Range/Oven Built-in, Disposal, Microwave, Gas Oven, Refrigerator, Appliance Center
Vaulted, Unfurnished, Recessed Lights, Skylight, Open Floor Plan
Skylights
Pool
Shingle, Pitched
Full
Patio
RESID
Parking. Outbuildings. Spa. Fenced Yard.
Driveway, Concrete Driveway, On Street.
Frame
Level
No Pool
Side Yard, Front Yard, Street Lights, Shed, Sidewalks. Level.
Building Details
Year Built
1958
Stories
2
Listing Agency:
Sawyer Realty Group, LLC
(856) 975-5454
Listed By:
Erika Colihan
(856) 345-2662
Source:
Xome
Added: Jun 15, 2024
Changed: Sep 2
Last Checked: Sep 7 at 5:03AM
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 Sawyer Realty Group, LLC
Investment Insights
Based on property information with market context.
This split-level home offers an open-concept main layout with a living room, kitchen, and dining room featuring vinyl flooring, vaulted ceilings, updated light fixtures, large windows, ceiling fans, and skylights. The updated kitchen includes a center island, stainless steel appliance package, and quartz countertops. Upstairs, there are three bedrooms and a full bath with recently renovated custom tile work.
The lower level provides additional flexible living space with a family room area, home office/den/playroom potential, vinyl flooring, neutral decor, recessed lighting, a laundry room, and a half bath. An enclosed back porch off the laundry area includes additional storage, and sliders from the downstairs family room lead to a large patio, a fully fenced backyard with trees, landscaping, and a shed.
Exterior improvements noted include a hot water heater (4 years), updated windows (3 years), and newer front doors (3 years), along with freshly painted exterior and well-kept garden beds. The property is located on a quiet cul-de-sac.
The lower level provides additional flexible living space with a family room area, home office/den/playroom potential, vinyl flooring, neutral decor, recessed lighting, a laundry room, and a half bath. An enclosed back porch off the laundry area includes additional storage, and sliders from the downstairs family room lead to a large patio, a fully fenced backyard with trees, landscaping, and a shed.
Exterior improvements noted include a hot water heater (4 years), updated windows (3 years), and newer front doors (3 years), along with freshly painted exterior and well-kept garden beds. The property is located on a quiet cul-de-sac.
Key Highlights
- 1958‑built 3‑bedroom, 1.5‑bath split level in Blackwood Estates on a quiet cul‑de‑sac
- Open floor plan with vaulted ceilings, skylights, recessed lighting, ceiling fans, and an abundance of natural light
- Updated kitchen with center island, stainless steel appliance package, and quartz countertops
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
$19,834
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
5.30%
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%
$396,680
$396.7K
Cap Rate 7%
$283,343
$283.3K
Cap Rate 9%
$220,378
$220.4K
Market Conditions
NOI Build-Up for 1,744 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
$29.9K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$28.3K $16.25/SF
− OpEx
−$8.5K −$4.87/SF
NOI
$19.8K $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%
$396,680
Cap Rate 7%
$283,343
Cap Rate 9%
$220,378
Alternative Uses
Best Use
Multifamily LT 5
$283.3K
$247.9K – $330.6K
NOI $19,834 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$253.0K
$221.4K – $295.2K
NOI $17,711 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$442.2K
$386.9K – $515.9K
NOI $30,954 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
492
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?
Triplex - 3-bedroom, 1.5-bath split level with vaulted ceilings, skylights, updated kitchen, fenced backyard, and enclosed back porch.
Where is this triplex located?
The property is located at 18 Trinity Lane Blackwood, NJ.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: 1958‑built 3‑bedroom, 1.5‑bath split level in Blackwood Estates on a quiet cul‑de‑sac; Open floor plan with vaulted ceilings, skylights, recessed lighting, ceiling fans, and an abundance of natural light; Updated kitchen with center island, stainless steel appliance package, and quartz countertops
