Duplex with Separate
18 MYRTLE AVENUE Lawrence Township, NJ 08648
For Sale
$300,000
Pending
Duplex includes a 1-bedroom unit and an upstairs 3-bedroom unit with separate boilers, meters, and electric panels.
Property Size1,545 SF
Days on Market9
Property Features for 18 MYRTLE AVENUE
General Information
Standard status
Pending
Size
1,545 SF
Property subtype
Duplex
Building Details
Year Built
1926
Listing Agency:
Keller Williams Realty - Moorestown
(908) 217-3722
Listed By:
Jennifer L Mendez · License #1109497
(908) 217-3722
Source:
Cummingsrealtors
Added: Jul 21
Changed: Jul 27
Last Checked: Jul 27 at 1:51AM
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 Keller Williams Realty - Moorestown
Investment Insights
Based on property information with market context.
This duplex consists of two separate residential units. The downstairs unit is a 1-bedroom, 1-bath layout. The upstairs unit has three bedrooms with the potential to add a fourth bedroom and includes one bathroom.
Each unit is independently serviced with its own boiler, water heater, electric panel, gas meter, and electric meter, supporting separate utility arrangements.
The property is offered for sale completely as-is, where-is, with no repairs to be made by the seller.
Each unit is independently serviced with its own boiler, water heater, electric panel, gas meter, and electric meter, supporting separate utility arrangements.
The property is offered for sale completely as-is, where-is, with no repairs to be made by the seller.
Key Highlights
- Duplex built in 1926 with a 1‑bedroom/1‑bath unit and an upstairs 3‑bedroom unit
- Downstairs unit: 1 Bed and 1 Bath
- Upstairs unit: 3 bedrooms (potentially 4) and 1 bathroom
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 | $41.7k | $27.00 |
| − Vacancy | −$2.7k | −$1.76 |
| EGI | $39.0k | $25.25 |
| − OpEx | −$11.7k | −$7.57 |
| NOI | $27.3k | $17.67 |
1,545 SF · lease $27.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.0K
$341.3K – $455.0K
NOI $27,302 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$336.9K
$294.8K – $393.0K
NOI $23,581 @ 7.0% cap · market cap 7.86%
Theoretical Best
Warehouse
$497.1K
$435.0K – $579.9K
NOI $34,796 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex includes a 1-bedroom unit and an upstairs 3-bedroom unit with separate boilers, meters, and electric panels.
Where is this duplex located?
The property is located at 18 MYRTLE AVENUE Lawrence Township, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Duplex built in 1926 with a 1‑bedroom/1‑bath unit and an upstairs 3‑bedroom unit; Downstairs unit: 1 Bed and 1 Bath; Upstairs unit: 3 bedrooms (potentially 4) and 1 bathroom
