Lawnside Duplex Near White Horse
145 Gloucester Avenue Lawnside, NJ 08045
145 Gloucester Avenue, Lawnside, NJ, 08045
$324,900
Pending
For Sale
$324,900
Pending
Spacious duplex with two 2-bedroom units near transportation.
Property Size1,388 SF
Lot Size0.40 Acres
Days on Market55
Property Features for 145 Gloucester Avenue
General Information
- Standard status
- Pending
- Size
- 1,388 SF
- Lot size
- 0.40 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1948
Listing Agency
Family Five Homes
(856) 939-0668
Listed by
Anna Chain · License #1004514
(856) 939-0668
Source
Compass
Added: May 25 Checked: Jul 17 at 4:43 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 Family Five Homes
Investment Insights
Based on property information with market context.
Located in Lawnside, this multifamily property offers an investor opportunity with convenient access to major transportation routes, shopping, and area conveniences near the White Horse Pike. The duplex features two 2-bedroom units, each with separate entrances and 100-amp electric services. The first-floor unit includes a living room, dining room, kitchen, 2 bedrooms, and 1 bath. The kitchen has been recently updated and is in average condition. The second-floor unit offers a living room, kitchen, 2 bedrooms, and 1 bath; the kitchen could benefit from cosmetic updates. The property experienced frozen pipes that caused flooding to the first floor and basement, but has been professionally remediated and now requires finishing touches such as sheetrock repair, paint, flooring, heat and air, to bring it back to its full potential. Additional features include an aluminum roof approximately 2-3 years old, new energy-efficient windows, new gutters and downspouts, and an updated/refinished exterior. Ample driveway parking is available on the spacious 100 x 175 lot. Separate utilities are in place. The property, totaling 1388 square feet, is situated in Camden County, within the Lawnside Boro area. Transportation options include a bus stop less than 1 mile away and a commuter rail station 1 to 5 miles away. This property offers strong upside potential in a convenient Camden County location and is strictly selling in "as is" condition.
Key Highlights
- Great Location on Major Hwy
- Rustic and Ready
- Various types of businesses will fit
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 | $23.8k | $17.16 |
| − Vacancy | −$1.3k | −$0.91 |
| EGI | $22.6k | $16.25 |
| − OpEx | −$6.8k | −$4.87 |
| NOI | $15.8k | $11.37 |
1,388 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$225.5K
$197.3K – $263.1K
NOI $15,786 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$201.4K
$176.2K – $234.9K
NOI $14,096 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$351.9K
$307.9K – $410.6K
NOI $24,635 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Spacious duplex with two 2-bedroom units near transportation.
Where is this duplex located?
The property is located at 145 Gloucester Avenue Lawnside, NJ.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit