Four-Unit Multifamily
New
For Sale
$399,999
222 CYPRESS AVENUE, Oaklyn, NJ 08107
Occupied residential income property with separate electric metering, private kitchens and baths, and shared basement laundry.
Property Size1,686 SF
Days on Market4
Property Features for 222 CYPRESS AVENUE
General Information
Standard status
Active
Size
1,686 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$9,091
Building Details
Building Size
1,686 SF
Year Built
1900
Listing Agency:
Opus Elite Real Estate
Listed By:
Garrett Smith
(610) 844-5245
Source:
Patmckennarealtors
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 19 at 10:17AM
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 Opus Elite Real Estate
Investment Insights
Based on property information with market context.
This 1,686-square-foot quadplex contains four occupied apartments with a distinct unit mix. The front-porch apartment includes 2 bedrooms, 1 full bath, a private kitchen, central air and heat, and its own entrance. Three additional apartments each provide 1 bedroom, 1 full bath, a kitchen, electric baseboard heat, and access from the side entrance. Each unit has a separate electric meter, while a fifth meter serves the house. A shared washer and dryer are located in the basement for resident use.
The property is located at 222 Cypress Ave in Oaklyn, New Jersey. Water and sewer are landlord-paid, while electric usage is separately metered by apartment. Existing operations reflect a 7.6% cap rate based on current rents and known operating expenses.
The property is located at 222 Cypress Ave in Oaklyn, New Jersey. Water and sewer are landlord-paid, while electric usage is separately metered by apartment. Existing operations reflect a 7.6% cap rate based on current rents and known operating expenses.
Key Highlights
- Four occupied apartments with a 2‑bedroom unit and three 1‑bedroom units
- 1,686 SF quadplex at 222 Cypress Ave, Oaklyn, NJ
- Four individual electric meters plus a separate house meter
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
$19,175
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
4.79%
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%
$383,500
$383.5K
Cap Rate 7%
$273,929
$273.9K
Cap Rate 9%
$213,056
$213.1K
Market Conditions
NOI Build-Up for 1,686 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
$28.9K $17.16/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$27.4K $16.25/SF
− OpEx
−$8.2K −$4.87/SF
NOI
$19.2K $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%
$383,500
Cap Rate 7%
$273,929
Cap Rate 9%
$213,056
Alternative Uses
Best Use
Multifamily LT 5
$273.9K
$239.7K – $319.6K
NOI $19,175 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$244.6K
$214.0K – $285.4K
NOI $17,122 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$427.5K
$374.1K – $498.8K
NOI $29,925 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Occupied residential income property with separate electric metering, private kitchens and baths, and shared basement laundry.
Where is this quadplex located?
The property is located at 222 CYPRESS AVENUE Oaklyn, NJ.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Four occupied apartments with a 2‑bedroom unit and three 1‑bedroom units; 1,686 SF quadplex at 222 Cypress Ave, Oaklyn, NJ; Four individual electric meters plus a separate house meter
