Four-Unit Quadplex with
For Sale
$540,000
Pending
156 Chestnut Avenue, Oaklyn, NJ 08107
Residential income property with a varied unit mix, private entrances, annual leases, and shared outdoor space.
Property Size2,757 SF
Days on Market348
Property Features for 156 Chestnut Avenue
General Information
Standard status
Pending
Size
2,757 SF
Property subtype
Multi-Family / Fee Simple
Zoning
RESIDENTIAL
Units
Unit Mix
2 x studio, 2 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,981
Amenities
shared courtyard
No
No Pool
Above Grade, Below Grade
Building Details
Year Built
1928
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 381-7884
Listed By:
Dawn Varallo · License #1329291
(856) 381-7884
Source:
Compass
Added: Sep 17, 2025
Changed: Aug 29
Last Checked: Aug 29 at 11:46PM
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-Marlton
Investment Insights
Based on property information with market context.
This 2,757-square-foot quadplex, built in 1928, contains two studio apartments and two one-bedroom apartments. The one-bedroom units have separate exterior entrances, while both studios are reached through a common hallway. A walk-through archway provides access to three of the residences, creating an additional layer of separation within the building. Residents also share a courtyard for outdoor use.
The property is zoned RESIDENTIAL and is occupied by long-term tenants under annual leases. Its four-unit configuration provides a defined residential income profile, with a mix of studio and one-bedroom layouts. Showings are conducted by scheduled tour only, beginning September 25.
The property is zoned RESIDENTIAL and is occupied by long-term tenants under annual leases. Its four-unit configuration provides a defined residential income profile, with a mix of studio and one-bedroom layouts. Showings are conducted by scheduled tour only, beginning September 25.
Key Highlights
- Four‑unit quadplex with two studios and two one‑bedroom apartments
- 2,757 SF building constructed in 1928
- Private entrances serve both one‑bedroom units
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
$31,355
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
5.81%
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%
$627,100
$627.1K
Cap Rate 7%
$447,929
$447.9K
Cap Rate 9%
$348,389
$348.4K
Market Conditions
NOI Build-Up for 2,757 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
$47.3K $17.16/SF
− Vacancy
−$2.5K −$0.91/SF
EGI
$44.8K $16.25/SF
− OpEx
−$13.4K −$4.87/SF
NOI
$31.4K $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%
$627,100
Cap Rate 7%
$447,929
Cap Rate 9%
$348,389
Alternative Uses
Best Use
Multifamily LT 5
$447.9K
$391.9K – $522.6K
NOI $31,355 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$400.0K
$350.0K – $466.7K
NOI $27,999 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$699.1K
$611.7K – $815.6K
NOI $48,934 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
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?
Quadplex - Residential income property with a varied unit mix, private entrances, annual leases, and shared outdoor space.
Where is this quadplex located?
The property is located at 156 Chestnut Avenue Oaklyn, NJ.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Four‑unit quadplex with two studios and two one‑bedroom apartments; 2,757 SF building constructed in 1928; Private entrances serve both one‑bedroom units
