Duplex with Detached
For Sale
$600,000
213 S CHURCH Street, Moorestown, NJ 08057
MULTI_FAMILY - Colonial - MOORESTOWN, NJ
Property Size2,044 SF
Price / SF$293.54
Days on Market108
Property Features for 213 S CHURCH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
6
Parking features
Garage - Detached, Driveway
Elementary school
MARY E. ROBERTS E.S.
Middle school
WM ALLEN M.S.
High school
MOORESTOWN H.S.
Elementary school district
MOORESTOWN TOWNSHIP PUBLIC SCHOOLS
Middle school district
MOORESTOWN TOWNSHIP PUBLIC SCHOOLS
High school district
MOORESTOWN TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
2,044 SF
Taxes and HOA fees
Tax Annual Amount
7748
Utilities
Heating system
Other (Heating), Hot Water(Heating), Baseboard
Building Details
Year built
1900
Number of units
1
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Samuel N Lepore · License #791411
(856) 297-6827
Added: May 7
Changed: Aug 18
Last Checked: Aug 22 at 11:06AM
MLS# NJBL2111480
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 Colonial duplex contains two residential units within a frame-built property constructed in 1900. The first unit includes two bedrooms, a renovated full bathroom, a kitchen with stainless steel appliances and granite countertops, a laundry area, a mudroom, and access to a rear deck. The second unit extends across two floors, with a living room, kitchen, bedroom, and full bathroom on the main level, plus two bedrooms and another full bathroom upstairs.
Exterior features include a detached two-car garage, driveway parking, a front porch, and a rear deck. The property is located in Moorestown near shopping, dining, and major roadways. Heating includes hot water and baseboard systems.
Exterior features include a detached two-car garage, driveway parking, a front porch, and a rear deck. The property is located in Moorestown near shopping, dining, and major roadways. Heating includes hot water and baseboard systems.
Key Highlights
- Two‑unit Colonial property built in 1900
- 2,044 square feet of building area
- First unit offers 2 bedrooms and a renovated full bathroom
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 residential units offer separate living spaces, kitchens, and outdoor areas.
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: Two‑unit Colonial property built in 1900; 2,044 square feet of building area; First unit offers 2 bedrooms and a renovated full bathroom
