Updated Duplex with Private
New
For Sale
$499,900
205 CHAUCER COURT, Mount Laurel, NJ 08054
Two distinct residences provide private outdoor space and individual garage access.
Property Size2,416 SF
Price / SF$206.91
Days on Market4
Property Features for 205 CHAUCER COURT
General Information
Standard status
Active
Size
2,416 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 3BR/2.5BA
Multifamily Units
2
Amenities
private fenced yard
Building Details
Year Built
1980
Listing Agency:
Keller Williams Realty - Marlton
(609) 313-1454
Listed By:
Val F. Nunnenkamp Jr.
(609) 313-1454
Source:
Cummingsrealtors
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 3:35AM
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 - Marlton
Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,416 square feet and was built in 1980. The residences have been updated with contemporary finishes and are arranged for separate occupancy. Unit A includes two bedrooms and 1.5 baths, while Unit B provides three bedrooms and 2.5 baths.
Each residence includes a fenced yard and its own garage, creating clearly defined outdoor and parking areas for both households. The property is located at 205 Chaucer Court in Mount Laurel, New Jersey, and offers a five-bedroom, four-bathroom configuration across the two units.
Each residence includes a fenced yard and its own garage, creating clearly defined outdoor and parking areas for both households. The property is located at 205 Chaucer Court in Mount Laurel, New Jersey, and offers a five-bedroom, four-bathroom configuration across the two units.
Key Highlights
- 2,416 SF duplex built in 1980
- Unit A: 2 bedrooms and 1.5 baths
- Unit B: 3 bedrooms and 2.5 baths
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
$34,623
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
6.93%
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%
$692,460
$692.5K
Cap Rate 7%
$494,614
$494.6K
Cap Rate 9%
$384,700
$384.7K
Market Conditions
NOI Build-Up for 2,416 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
$52.2K $21.60/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$49.5K $20.47/SF
− OpEx
−$14.8K −$6.14/SF
NOI
$34.6K $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 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%
$692,460
Cap Rate 7%
$494,614
Cap Rate 9%
$384,700
Alternative Uses
Best Use
Multifamily LT 5
$494.6K
$432.8K – $577.1K
NOI $34,623 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$452.1K
$395.6K – $527.4K
NOI $31,644 @ 7.0% cap · market cap 6.33%
Theoretical Best
Warehouse
$5.05M
$4.42M – $5.90M
NOI $353,711 @ 7.0% cap · market cap 70.76%
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
645
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
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 distinct residences provide private outdoor space and individual garage access.
Where is this duplex located?
The property is located at 205 CHAUCER COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,416 SF duplex built in 1980; Unit A: 2 bedrooms and 1.5 baths; Unit B: 3 bedrooms and 2.5 baths
