Two-Unit
For Sale
Under Contract
$300,000
18 MYRTLE Avenue, Lawrence Township, NJ 08648
Multi-Family, LAWRENCE TOWNSHIP, NJ
Property Size1,545 SF
Lot Size0.07 Acres
Price / SF$194.17
Days on Market94
Property Features for 18 MYRTLE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Subdivision
NONE AVAILABLE
Elementary school district
LAWRENCE TOWNSHIP
Middle school district
LAWRENCE TOWNSHIP
High school district
LAWRENCE TOWNSHIP
Special listing conditions
Short Sale
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
Baseboard, Hot Water(Heating)
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
Changed: Oct 21
Last Checked: Oct 22 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This 1,545-square-foot duplex contains two residences: a first-floor one-bedroom, one-bath unit and an upper-level three-bedroom, one-bath unit. The upper unit may accommodate a fourth bedroom. The frame building dates to 1926 and sits on a 0.0744-acre lot.
Each unit has its own boiler, water heater, electric panel, gas meter, and electric meter. Heating is provided by baseboard and hot-water systems, with wall-unit cooling. The property is offered in as-is condition, with no repairs by the seller.
Each unit has its own boiler, water heater, electric panel, gas meter, and electric meter. Heating is provided by baseboard and hot-water systems, with wall-unit cooling. The property is offered in as-is condition, with no repairs by the seller.
Key Highlights
- Two‑unit duplex with separate residences
- First‑floor unit has 1 bedroom and 1 bathroom
- Upper unit has 3 bedrooms, with potential for 4, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,302
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,040
$546.0K
Cap Rate 7%
$390,029
$390.0K
Cap Rate 9%
$303,356
$303.4K
Market Conditions
NOI Build-Up for 1,545 SF
Gross rent
$41.7K $27.00/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$39.0K $25.25/SF
− OpEx
−$11.7K −$7.57/SF
NOI
$27.3K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,040
Cap Rate 7%
$390,029
Cap Rate 9%
$303,356
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,317
Businesses Nearby
Explore this area
Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and mechanical systems serve each residence.
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: Two‑unit duplex with separate residences; First‑floor unit has 1 bedroom and 1 bathroom; Upper unit has 3 bedrooms, with potential for 4, and 1 bathroom
