Side-by-Side
For Sale
$399,900
1917 West High Street, Haddon Heights, NJ 08035
Two one-bedroom units offer separate living areas, shared laundry, driveway parking, and a detached garage.
Property Size1,174 SF
Price / SF$340.63
Days on Market316
Property Features for 1917 West High Street
General Information
Standard status
Active
Size
1,174 SF
Total Parking Spaces
1
Property subtype
Multi-Family / Fee Simple
Zoning
RES
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,158
Amenities
shared laundry
No
Built-In Microwave, Dryer, Oven/Range - Gas, Refrigerator, Washer
Attic, Combination Dining/Living, Studio
No Pool
Above Grade, Below Grade
Building Details
Year Built
1940
Buildings
1
Stories
1
Listing Agency:
Daniel R. White Realtor, LLC
(856) 547-0700
Listed By:
Daniel R White Jr. Jr. · License #8838071
(856) 547-0700
Source:
Compass
Added: Oct 19, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:46AM
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 Daniel R. White Realtor, LLC
Investment Insights
Based on property information with market context.
Built in 1940, this 1,174-square-foot, one-story duplex contains two side-by-side units. The left residence includes a living room, bedroom, eat-in kitchen, and full bathroom. The right residence offers a living room, bedroom, den, and full bathroom. Both units have newer carpet, while the property also includes a shared basement with two washers and two dryers.
The property at 1917 West High Street includes a driveway and detached one-car garage. It is zoned RES and has been certified as a legal duplex in Haddon Heights. The school district is Haddon Heights Schools, with Haddon Heights High School and Haddon Heights Junior Senior listed among the assigned schools.
The property at 1917 West High Street includes a driveway and detached one-car garage. It is zoned RES and has been certified as a legal duplex in Haddon Heights. The school district is Haddon Heights Schools, with Haddon Heights High School and Haddon Heights Junior Senior listed among the assigned schools.
Key Highlights
- 1,174 SF one‑story duplex built in 1940
- Two side‑by‑side one‑bedroom units with distinct layouts
- Shared basement includes 2 washers and 2 dryers
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
$13,352
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
3.34%
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%
$267,040
$267.0K
Cap Rate 7%
$190,743
$190.7K
Cap Rate 9%
$148,356
$148.4K
Market Conditions
NOI Build-Up for 1,174 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
$20.1K $17.16/SF
− Vacancy
−$1.1K −$0.91/SF
EGI
$19.1K $16.25/SF
− OpEx
−$5.7K −$4.87/SF
NOI
$13.4K $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%
$267,040
Cap Rate 7%
$190,743
Cap Rate 9%
$148,356
Alternative Uses
Best Use
Multifamily LT 5
$190.7K
$166.9K – $222.5K
NOI $13,352 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$170.3K
$149.0K – $198.7K
NOI $11,923 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$297.7K
$260.5K – $347.3K
NOI $20,837 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 08035, NJ
7,556
Population
3,326
Households
2.3
Avg Household Size
43
Median Age
55%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
4,723
Density / Sq Mi
$124,592
Median Household Income
$68,750
Median Earnings
$1,179
Median Rent
$353,700
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?
Duplex - Two one-bedroom units offer separate living areas, shared laundry, driveway parking, and a detached garage.
Where is this duplex located?
The property is located at 1917 West High Street Haddon Heights, NJ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,174 SF one‑story duplex built in 1940; Two side‑by‑side one‑bedroom units with distinct layouts; Shared basement includes 2 washers and 2 dryers
