Two-Family Residential Income
128 CHESTNUT Oaklyn, NJ 08107
128 CHESTNUT, Oaklyn, NJ, 08107
$348,900
For Sale
Under Contract
$348,900
MULTI_FAMILY - OAKLYN, NJ
Property Size2,112 SF
Price / SF$165.20
Days on Market241
Property Features for 128 CHESTNUT
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Active Under Contract
- Size
- 2,112 SF
Building Details
- Year built
- 1900
Listing agency
BHHS Fox & Roach Robbinsville Sales Office
(609) 890-3300
Listed by
Anthony McAnany · License #1752745
(609) 954-8669
Added: Nov 24, 2025 Updated: Jul 23 at 6:36AM Checked: Jul 23 at 10:06AM
MLS# NJCD2106522
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 two-family residential income duplex includes two units with separate entrances. Unit 1 is a one-bedroom layout with recently updated finishes, including new appliances, fresh paint, and new floors, along with a covered deck. Unit 2 is a multi-level three-bedroom, one-bath unit with two entrances, a balcony deck, and an interior layout featuring a gas kitchen with natural wood cabinetry.
The property also offers a large fenced yard with parking for trucks, cars, and equipment, plus a garage. The home is being sold as-is where-is, with the buyer responsible for obtaining a certificate of occupancy.
Additional details on the specific interior finish selections and fixtures include an open brick accent wall in Unit 1 and a country bath in Unit 2 with bead board wainscoting and a pedestal sink.
The property also offers a large fenced yard with parking for trucks, cars, and equipment, plus a garage. The home is being sold as-is where-is, with the buyer responsible for obtaining a certificate of occupancy.
Additional details on the specific interior finish selections and fixtures include an open brick accent wall in Unit 1 and a country bath in Unit 2 with bead board wainscoting and a pedestal sink.
Key Highlights
- Two‑family property built in 1900 with separate entrances for both units
- Unit 1: 1‑bedroom with new appliances, fresh paint, new floors, and a covered deck
- Unit 2: 3‑bedroom, 1‑bath, split over 2 floors with a balcony deck and 2 entrances
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate-entry units feature a fenced yard, garage, and decks for flexible residential use.
Where is this duplex located?
The property is located at 128 CHESTNUT 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 property built in 1900 with separate entrances for both units; Unit 1: 1‑bedroom with new appliances, fresh paint, new floors, and a covered deck; Unit 2: 3‑bedroom, 1‑bath, split over 2 floors with a balcony deck and 2 entrances
