Two-Unit Duplex
22 DARE STREET Woodbury, NJ 08096
22 DARE STREET, Woodbury, NJ, 08096
$450,000
For Sale
$450,000
Twin-style duplex offers two 4-bedroom units, each with separate yard space, and both units are tenant-occupied.
Property Size3,264 SF
Price / SF$137.87
Days on Market8
Property Features for 22 DARE STREET
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1930
Listing Agency
Coldwell Banker Realty
(609) 280-5710
Listed by
NADINE V GLISSON · License #2075354
(609) 280-5710
Source
Cummingsrealtors
Added: Jul 12 Checked: Jul 18 at 2:00 am
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 Realty
Investment Insights
Based on property information with market context.
This twin-style duplex features two separate units, each laid out with 4 bedrooms and living space. The property includes ample storage and separate yard spaces for each unit. Unit 24 has been recently updated with laminate floors, a granite kitchen island, new cabinets, fresh paint, a new backsplash, and new kitchen appliances, along with updated kitchen features.
The duplex is located at 22-24 Dare Street in Woodbury, and it is close to public transportation.
Both units are tenant-occupied, supporting an income-producing residential configuration within a single duplex building.
The duplex is located at 22-24 Dare Street in Woodbury, and it is close to public transportation.
Both units are tenant-occupied, supporting an income-producing residential configuration within a single duplex building.
Key Highlights
- Twin‑style duplex at 22‑24 Dare Street, Woodbury, built in 1930
- Two tenant‑occupied 4‑bedroom units with separate yard spaces
- 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
Apartment 5plus
$545.0K
$476.9K – $635.9K
NOI $38,151 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
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
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Twin-style duplex offers two 4-bedroom units, each with separate yard space, and both units are tenant-occupied.
Where is this multifamily property located?
The property is located at 22 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 at 22‑24 Dare Street, Woodbury, built in 1930; Two tenant‑occupied 4‑bedroom units with separate yard spaces; Unit 24 recently updated with new laminate floors, granite kitchen island, new cabinets, fresh paint, new backsplash, and new kitchen appliances
