Updated Two-Unit
New
For Sale
$499,900
205 CHAUCER Court, Mount Laurel, NJ 08054
Multi-Family, MOUNT LAUREL, NJ
Property Size2,416 SF
Lot Size0.05 Acres
Price / SF$206.91
Days on Market4
Property Features for 205 CHAUCER Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
1
Parking features
Garage - Attached
Appliances
Oven - Single, Refrigerator, Dishwasher
Subdivision
LARCHMONT
Elementary school district
LENAPE REGIONAL HIGH
Middle school district
LENAPE REGIONAL HIGH
High school district
LENAPE REGIONAL HIGH
Standard status
Active
Size
2,416 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6348
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
private fenced yard
Building Details
Year built
1980
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
Val F. Nunnenkamp Jr. · License #8333570
(609) 313-1454
Added: Aug 19
Changed: Aug 20
Last Checked: Aug 22 at 4:06PM
MLS# NJBL2119014
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 two-unit duplex at 205 Chaucer Court contains 2,416 square feet and was built in 1980 in a Colonial architectural style. The property includes separate residences with updated interiors, private fenced yards, and an attached garage assigned to each side. Unit A has 2 bedrooms and 1.5 baths, while Unit B provides 3 bedrooms and 2.5 baths.
Construction combines brick and vinyl siding, with forced-air heating and central air conditioning serving the property. Each residence includes an oven, refrigerator, and dishwasher. The duplex is located in Mount Laurel, Burlington County, New Jersey, with a 0.0534-acre lot.
Construction combines brick and vinyl siding, with forced-air heating and central air conditioning serving the property. Each residence includes an oven, refrigerator, and dishwasher. The duplex is located in Mount Laurel, Burlington County, New Jersey, with a 0.0534-acre lot.
Key Highlights
- Two‑unit duplex with 2,416 square feet
- 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences offer private fenced outdoor space and an attached garage for each unit.
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: Two‑unit duplex with 2,416 square feet; Unit A: 2 bedrooms and 1.5 baths; Unit B: 3 bedrooms and 2.5 baths
