Two-Unit Duplex for
18 MYRTLE Avenue Lawrence Township, NJ 08648
New
18 MYRTLE Avenue, Lawrence Township, NJ, 08648
$300,000
For Sale
Under Contract
$300,000
MULTI_FAMILY - LAWRENCE TOWNSHIP, NJ
Property Size1,545 SF
Lot Size0.07 Acres
Price / SF$194.17
Days on Market2
Property Features for 18 MYRTLE Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Basement
- Standard status
- Active Under Contract
- Size
- 1,545 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5554
Utilities
- Heating system
- Hot Water(Heating), Baseboard
- Cooling system
- Wall Unit(s)
Building Details
- Year built
- 1926
- Number of units
- 1
- Building materials
- Frame
Listing agency
Keller Williams Realty - Moorestown
(856) 316-1100
Listed by
Jennifer L Mendez · License #1109497
(908) 217-3722
Added: Jul 21 Updated: Jul 22 at 1:20PM Checked: Jul 22 at 4:06PM
MLS# NJME2081044
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex at 18 Myrtle Avenue is being sold for a complete, as-is purchase. The property includes two units: a downstairs 1-bedroom, 1-bath unit and an upstairs unit with 3 bedrooms, with potential for a 4th bedroom, and one bathroom.
Each unit is separately metered and self-contained with its own boiler, water heater, electric panel, gas meter, and electric meter. The seller is not making any repairs, and the property is offered where-is, as-is.
The home is situated on a small lot and totals 1,545 square feet as listed.
Each unit is separately metered and self-contained with its own boiler, water heater, electric panel, gas meter, and electric meter. The seller is not making any repairs, and the property is offered where-is, as-is.
The home is situated on a small lot and totals 1,545 square feet as listed.
Key Highlights
- Duplex at 18 Myrtle with two separate units
- Downstairs unit offers 1 bed and 1 bath
- Upstairs unit offers 3 bedrooms with potential for 4 bedrooms and 1 bathroom
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offers two separate units with individual boilers, water heaters, electric panels, and gas and electric meters.
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 at 18 Myrtle with two separate units; Downstairs unit offers 1 bed and 1 bath; Upstairs unit offers 3 bedrooms with potential for 4 bedrooms and 1 bathroom
