Twin-Style Duplex Income
22-24 Dare Street Woodbury, NJ 08096
22-24 Dare Street, Woodbury, NJ, 08096
$450,000
For Sale
$450,000
Two tenant-occupied units each offer four bedrooms, with separate yard spaces and shared duplex configuration.
Property Size3,264 SF
Price / SF$137.87
Days on Market16
Property Features for 22-24 Dare Street
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1930
Listing agency
Coldwell Banker Real Estate LLC
(609) 280-5710
Listed by
Nadine Glisson · License #2075354
(609) 280-5710
Source
Compass
Added: Jul 7 Updated: Jul 21 at 11:06PM Checked: Jul 22 at 8:06AM
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 Coldwell Banker Real Estate LLC
Investment Insights
Based on property information with market context.
This twin-style duplex features two units, both currently tenant-occupied. Each unit provides four bedrooms and includes living space, along with ample storage and separate yard spaces.
Unit 24 has been recently updated, with new laminate floors, freshly painted interiors, updated kitchen finishes including a granite kitchen island, new cabinets, a new backsplash, and new kitchen appliances. Each unit includes 1.5 bathrooms as described for the property.
22-24 Dare Street presents an income-producing residential duplex setup in Woodbury, with close proximity to public transportation and access to Woodbury Public Schools.
Unit 24 has been recently updated, with new laminate floors, freshly painted interiors, updated kitchen finishes including a granite kitchen island, new cabinets, a new backsplash, and new kitchen appliances. Each unit includes 1.5 bathrooms as described for the property.
22-24 Dare Street presents an income-producing residential duplex setup in Woodbury, with close proximity to public transportation and access to Woodbury Public Schools.
Key Highlights
- Twin‑style duplex with 2 tenant‑occupied units located at 22‑24 Dare Street, Woodbury
- Each unit offers 4 bedrooms and separate yard spaces within the duplex configuration
- Unit 24 recently updated with new laminate floors, granite kitchen island, new cabinets, fresh paint, new backsplash, and new kitchen appliances
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.6k | $22.56 |
| − Vacancy | −$4.3k | −$1.31 |
| EGI | $69.4k | $21.25 |
| − OpEx | −$31.2k | −$9.56 |
| NOI | $38.2k | $11.69 |
3,264 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.7K
$536.1K – $714.8K
NOI $42,887 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$545.0K
$476.9K – $635.9K
NOI $38,151 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,801 @ 7.0% cap · market cap 17.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two tenant-occupied units each offer four bedrooms, with separate yard spaces and shared duplex configuration.
Where is this duplex located?
The property is located at 22-24 Dare Street Woodbury, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Twin‑style duplex with 2 tenant‑occupied units located at 22‑24 Dare Street, Woodbury; Each unit offers 4 bedrooms and separate yard spaces within the duplex configuration; Unit 24 recently updated with new laminate floors, granite kitchen island, new cabinets, fresh paint, new backsplash, and new kitchen appliances
