Tenant-Occupied Duplex with Detached
For Sale
$650,000
219 Woodlawn Terrace, Collingswood, NJ 08108
Two occupied units offer distinct layouts and access to a shared detached garage.
Property Size2,260 SF
Price / SF$287.61
Days on Market345
Property Features for 219 Woodlawn Terrace
General Information
Standard status
Active
Size
2,260 SF
Total Parking Spaces
3
Property subtype
Multi-Family / Fee Simple
Zoning
MULTI
Occupancy
100%
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Gross Income
$54,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$13,410
Amenities
No
Dishwasher
Ceiling Fan(s), Kitchen - Eat-In, Walk-in Closet(s)
Yes - Community
Above Grade, Below Grade
Sidewalks, Street Lights, Exterior Lighting
Building Details
Year Built
1914
Tenancy
Multi
Listing Agency:
Real Broker, LLC
(856) 418-7852
Listed By:
William B Spinner · License #1647459
(856) 418-7852
Source:
Compass
Added: Sep 20, 2025
Changed: Aug 29
Last Checked: Aug 29 at 1:37PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
This 2,260 SF duplex contains two tenant-occupied residences. The first-floor unit has two bedrooms and 1.5 baths, while the second residence spans the second and third floors with three bedrooms and 1.5 baths. The property also includes a large detached garage shared by the tenants, along with private and rear raised decks. Built in 1914, the building is zoned MULTI.
Located at 219 Woodlawn Terrace in Collingswood, the property sits two blocks from downtown and is walkable to local restaurants, shops, and the PATCO station. Sidewalks, street lights, and exterior lighting are present in the surrounding setting.
Located at 219 Woodlawn Terrace in Collingswood, the property sits two blocks from downtown and is walkable to local restaurants, shops, and the PATCO station. Sidewalks, street lights, and exterior lighting are present in the surrounding setting.
Key Highlights
- 2,260 SF duplex with two tenant‑occupied units
- Unit 1: 2 bedrooms, 1.5 baths, first floor
- Unit 2: 3 bedrooms, 1.5 baths, second + third floors
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
$25,703
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
3.95%
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%
$514,060
$514.1K
Cap Rate 7%
$367,186
$367.2K
Cap Rate 9%
$285,589
$285.6K
Market Conditions
NOI Build-Up for 2,260 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
$38.8K $17.16/SF
− Vacancy
−$2.1K −$0.91/SF
EGI
$36.7K $16.25/SF
− OpEx
−$11.0K −$4.87/SF
NOI
$25.7K $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%
$514,060
Cap Rate 7%
$367,186
Cap Rate 9%
$285,589
Alternative Uses
Best Use
Multifamily LT 5
$367.2K
$321.3K – $428.4K
NOI $25,703 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$327.9K
$286.9K – $382.5K
NOI $22,952 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$573.0K
$501.4K – $668.5K
NOI $40,112 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
958
Businesses Nearby
Explore this area
Business Placement
Demographics for 08108, NJ
18,618
Population
9,173
Households
2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
6,896
Density / Sq Mi
$107,764
Median Household Income
$70,887
Median Earnings
$1,680
Median Rent
$358,100
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 occupied units offer distinct layouts and access to a shared detached garage.
Where is this duplex located?
The property is located at 219 Woodlawn Terrace Collingswood, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,260 SF duplex with two tenant‑occupied units; Unit 1: 2 bedrooms, 1.5 baths, first floor; Unit 2: 3 bedrooms, 1.5 baths, second + third floors
