Duplex with Detached
For Sale
$600,000
213 S Church Street, Moorestown, NJ 08057
Two separate residences offer varied layouts, updated finishes, outdoor areas, and dedicated parking.
Property Size2,044 SF
Price / SF$293.54
Days on Market110
Property Features for 213 S Church Street
General Information
Standard status
Active
Size
2,044 SF
Total Parking Spaces
2
Property subtype
Multi-family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
deck
front porch
laundry area
mudroom
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Samuel N Lepore
(800) 299-2129
Source:
Actionplusrealty
Added: May 5
Changed: Aug 21
Last Checked: Aug 21 at 11:18AM
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 - Moorestown
Investment Insights
Based on property information with market context.
This 2,044-square-foot duplex, built in 1900, contains two distinct residences with different configurations. One apartment offers two bedrooms, a renovated full bathroom, a kitchen with stainless steel appliances and granite countertops, plus a laundry area, mudroom, and rear deck. The second residence extends across two levels, with a living room, kitchen, bedroom, and full bathroom on the main floor, followed by two bedrooms and another full bathroom upstairs.
The property includes a detached two-car garage, front porch, and an additional rear deck. Its Moorestown setting provides proximity to shopping, dining, and major roadways.
The property includes a detached two-car garage, front porch, and an additional rear deck. Its Moorestown setting provides proximity to shopping, dining, and major roadways.
Key Highlights
- 2,044‑square‑foot duplex built in 1900
- Two‑bedroom unit with renovated full bathroom
- Kitchen features stainless steel appliances and granite countertops
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
$29,292
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
4.88%
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%
$585,840
$585.8K
Cap Rate 7%
$418,457
$418.5K
Cap Rate 9%
$325,467
$325.5K
Market Conditions
NOI Build-Up for 2,044 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
$44.2K $21.60/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$41.8K $20.47/SF
− OpEx
−$12.6K −$6.14/SF
NOI
$29.3K $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%
$585,840
Cap Rate 7%
$418,457
Cap Rate 9%
$325,467
Alternative Uses
Best Use
Multifamily LT 5
$418.5K
$366.2K – $488.2K
NOI $29,292 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$382.5K
$334.7K – $446.2K
NOI $26,772 @ 7.0% cap · market cap 4.46%
Theoretical Best
Warehouse
$4.27M
$3.74M – $4.99M
NOI $299,249 @ 7.0% cap · market cap 49.87%
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
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 08057, NJ
21,691
Population
8,382
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
1,418
Density / Sq Mi
$152,290
Median Household Income
$72,500
Median Earnings
$1,485
Median Rent
$626,400
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 separate residences offer varied layouts, updated finishes, outdoor areas, and dedicated parking.
Where is this duplex located?
The property is located at 213 S Church Street Moorestown, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,044‑square‑foot duplex built in 1900; Two‑bedroom unit with renovated full bathroom; Kitchen features stainless steel appliances and granite countertops
