Renovated Duplex with Separate Office
For Sale
$950,000
13 Wilkins Avenue, Haddonfield, NJ 08033
Turnkey duplex with newly renovated kitchens, bathrooms, and flooring, plus a first-floor office with a separate entrance.
Property Size2,400 SF
Price / SF$395.83
Days on Market272
Property Features for 13 Wilkins Avenue
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
2
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,285
Amenities
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1924
Listing Agency:
Prominent Properties Sotheby's Intl Realty
Listed By:
Gary R Vermaat · License #7871830
(609) 238-3438
Source:
Compass
Added: Dec 7, 2025
Changed: Aug 8
Last Checked: Jul 21 at 3:44AM
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 Prominent Properties Sotheby's Intl Realty
Investment Insights
Based on property information with market context.
This renovated duplex presents a turnkey setup with modern updates throughout each unit. Both sides include newly updated kitchens with contemporary cabinetry, countertops, and stainless steel appliances. Bathrooms have been fully renovated with modern fixtures and finishes, and the interiors feature fresh flooring, updated lighting, and neutral paint tones. The units offer spacious living and dining areas, generous natural light, comfortable layouts, and ample storage.
A first-floor office has been positioned with a separate entrance on the property, providing additional privacy and operational flexibility. The home is located in Haddonfield, New Jersey, moments from local schools, downtown shops and restaurants, parks, and the PATCO station.
Ideal for an owner-occupant or a rental strategy, the property has been updated from top to bottom and is ready for move-in use.
A first-floor office has been positioned with a separate entrance on the property, providing additional privacy and operational flexibility. The home is located in Haddonfield, New Jersey, moments from local schools, downtown shops and restaurants, parks, and the PATCO station.
Ideal for an owner-occupant or a rental strategy, the property has been updated from top to bottom and is ready for move-in use.
Key Highlights
- Renovated duplex at 13 Wilkins Avenue, built in 1924, in Haddonfield, New Jersey (MLS Area: Haddonfield Boro 20417).
- Each unit features newly updated kitchens with contemporary cabinetry, stylish countertops, and stainless steel appliances.
- Bathrooms have been fully renovated with modern fixtures and finishes.
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
$27,295
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
2.87%
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%
$545,900
$545.9K
Cap Rate 7%
$389,929
$389.9K
Cap Rate 9%
$303,278
$303.3K
Market Conditions
NOI Build-Up for 2,400 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
$41.2K $17.16/SF
− Vacancy
−$2.2K −$0.91/SF
EGI
$39.0K $16.25/SF
− OpEx
−$11.7K −$4.87/SF
NOI
$27.3K $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%
$545,900
Cap Rate 7%
$389,929
Cap Rate 9%
$303,278
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.2K – $454.9K
NOI $27,295 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$348.2K
$304.7K – $406.2K
NOI $24,373 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$608.5K
$532.5K – $710.0K
NOI $42,597 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,094
Businesses Nearby
Explore this area
Business Placement
Demographics for 08033, NJ
17,451
Population
6,914
Households
2.5
Avg Household Size
40
Median Age
73%
College-Educated
99%
High-School Grad
3.9 sq mi
ZIP Area
4,475
Density / Sq Mi
$143,661
Median Household Income
$80,817
Median Earnings
$1,449
Median Rent
$581,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex with newly renovated kitchens, bathrooms, and flooring, plus a first-floor office with a separate entrance.
Where is this duplex located?
The property is located at 13 Wilkins Avenue Haddonfield, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Renovated duplex at 13 Wilkins Avenue, built in 1924, in Haddonfield, New Jersey (MLS Area: Haddonfield Boro 20417).; Each unit features newly updated kitchens with contemporary cabinetry, stylish countertops, and stainless steel appliances.; Bathrooms have been fully renovated with modern fixtures and finishes.
