End-Unit Duplex with
For Sale
$415,888
164 Willow Turn, Mount Laurel, NJ 08054
Two residential units include private garages and on-site parking.
Property Size2,204 SF
Price / SF$188.70
Days on Market48
Property Features for 164 Willow Turn
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
1979
Listing Agency:
BHHS Fox & Roach-Marlton
Listed By:
Jonathan Zachary Benstead · License #2296861
(856) 810-5300
Source:
Soldbypattie
Added: Aug 20
Changed: Sep 25
Last Checked: Oct 5 at 9:06PM
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 end-unit duplex at 164 Willow Turn in Mount Laurel, NJ, was built in 1979 and contains two residential units. Each unit has an attached garage and access to on-site parking. The configuration includes one vacant 2BR/2BA unit and one occupied 3BR/2BA unit on a month-to-month lease.
The property has an established rental history, with the current tenant responsible for electric and gas while the landlord covers water and sewer. No HOA fees are reported. The unit mix, garage access, and existing occupancy provide a straightforward multifamily configuration for continued residential rental use.
The property has an established rental history, with the current tenant responsible for electric and gas while the landlord covers water and sewer. No HOA fees are reported. The unit mix, garage access, and existing occupancy provide a straightforward multifamily configuration for continued residential rental use.
Key Highlights
- Two‑unit duplex at 164 Willow Turn, Mount Laurel, NJ 08054
- Unit mix includes one 2BR/2BA and one 3BR/2BA
- End‑unit layout with an attached garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,585
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,700
$631.7K
Cap Rate 7%
$451,214
$451.2K
Cap Rate 9%
$350,944
$350.9K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$47.6K $21.60/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$45.1K $20.47/SF
− OpEx
−$13.5K −$6.14/SF
NOI
$31.6K $14.33/SF
Area
Burlington County, NJ
Vacancy
5.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$631,700
Cap Rate 7%
$451,214
Cap Rate 9%
$350,944
Alternative Uses
Best Use
Multifamily LT 5
$451.2K
$394.8K – $526.4K
NOI $31,585 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$412.4K
$360.8K – $481.1K
NOI $28,867 @ 7.0% cap · market cap 6.94%
Theoretical Best
Warehouse
$4.61M
$4.03M – $5.38M
NOI $322,674 @ 7.0% cap · market cap 77.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include private garages and on-site parking.
Where is this duplex located?
The property is located at 164 Willow Turn Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $415,888.
What are key features of this property?
This property features: Two‑unit duplex at 164 Willow Turn, Mount Laurel, NJ 08054; Unit mix includes one 2BR/2BA and one 3BR/2BA; End‑unit layout with an attached garage for each unit
