Two-Family Residential Income
128 Chestnut Avenue Oaklyn, NJ 08107
128 Chestnut Avenue, Oaklyn, NJ, 08107
$348,900
For Sale
$348,900
Two separate-entry units with a fenced yard, garage, and covered deck, sold as-is where-is.
Property Size2,112 SF
Price / SF$165.20
Days on Market273
Property Features for 128 Chestnut Avenue
General Information
- Standard status
- Active
- Size
- 2,112 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
BHHS Fox & Roach-Princeton Junction
(609) 954-8669
Listed by
Anthony McAnany · License #1752745
(609) 954-8669
Source
Compass
Added: Oct 24, 2025 Updated: Jul 23 at 5:13AM Checked: Jul 23 at 5:13AM
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 BHHS Fox & Roach-Princeton Junction
Investment Insights
Based on property information with market context.
This two-family residential income property includes two well-defined units with separate entrances. The home features a fenced yard and a garage, with parking for trucks, cars, and equipment. Unit 1 is a one-bedroom layout with new appliances, fresh paint, and new floors, along with a covered deck and an open brick accent wall. Unit 2 is a two-floor three-bedroom, one-bath configuration with a balcony deck and two entrances.
The property is located in Oaklyn, New Jersey, within the Woodlynne Boro (MLS Area 20437) and Camden County. Tours are available by appointment only and are subject to tenant schedules. The property is sold as-is where-is, and the buyer is responsible for obtaining a certificate of occupancy.
Unit 2 includes a gas kitchen with natural wood cabinetry, and a country-style bath with bead board wainscoting and a pedestal sink. Both units are described as having recently updated finishes and improvements.
The property is located in Oaklyn, New Jersey, within the Woodlynne Boro (MLS Area 20437) and Camden County. Tours are available by appointment only and are subject to tenant schedules. The property is sold as-is where-is, and the buyer is responsible for obtaining a certificate of occupancy.
Unit 2 includes a gas kitchen with natural wood cabinetry, and a country-style bath with bead board wainscoting and a pedestal sink. Both units are described as having recently updated finishes and improvements.
Key Highlights
- Two‑family home with separate entrances for each unit
- Extra‑large fenced yard with parking for trucks, cars, and equipment
- Garage plus outdoor space including a covered deck
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 | $36.2k | $17.16 |
| − Vacancy | −$1.9k | −$0.91 |
| EGI | $34.3k | $16.25 |
| − OpEx | −$10.3k | −$4.87 |
| NOI | $24.0k | $11.37 |
2,112 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.1K
$300.3K – $400.3K
NOI $24,020 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$306.4K
$268.1K – $357.5K
NOI $21,449 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$535.5K
$468.6K – $624.8K
NOI $37,486 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate-entry units with a fenced yard, garage, and covered deck, sold as-is where-is.
Where is this duplex located?
The property is located at 128 Chestnut Avenue Oaklyn, NJ.
What is the asking price?
The asking price for this property is $348,900.
What are key features of this property?
This property features: Two‑family home with separate entrances for each unit; Extra‑large fenced yard with parking for trucks, cars, and equipment; Garage plus outdoor space including a covered deck
