Renovated Duplex
For Sale
$239,900
223 WHITE HORSE PIKE, Clementon, NJ 08021
Two separately rented residences provide an income-producing configuration with nearby shopping, dining, and major road access.
Property Size1,226 SF
Days on Market98
Property Features for 223 WHITE HORSE PIKE
General Information
Standard status
Active
Size
1,226 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,094
Building Details
Building Size
1,226 SF
Year Built
1935
Listing Agency:
Keller Williams Realty - Washington Township
Listed By:
Daniel J Mauz · License #0559622
(856) 302-4003
Source:
Brucerealty
Added: Jul 1
Changed: Oct 3
Last Checked: Oct 5 at 10:20PM
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 Keller Williams Realty - Washington Township
Investment Insights
Based on property information with market context.
Built in 1935, this duplex contains two one-bedroom residences and has undergone recent renovation. Both units are currently rented, providing an established occupancy profile for an owner-occupant or an investor seeking a two-unit residential property.
The property is located near shopping, dining, and major roadways. It is also offered as part of a broader portfolio that includes 219, 221, 231, and 233 White Horse Pike, allowing purchasers to review related opportunities at the same time.
The property is located near shopping, dining, and major roadways. It is also offered as part of a broader portfolio that includes 219, 221, 231, and 233 White Horse Pike, allowing purchasers to review related opportunities at the same time.
Key Highlights
- Two one‑bedroom units within a single duplex
- Recently renovated residential property
- Both units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,943
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,860
$278.9K
Cap Rate 7%
$199,186
$199.2K
Cap Rate 9%
$154,922
$154.9K
Market Conditions
NOI Build-Up for 1,226 SF
Gross rent
$21.0K $17.16/SF
− Vacancy
−$1.1K −$0.91/SF
EGI
$19.9K $16.25/SF
− OpEx
−$6.0K −$4.87/SF
NOI
$13.9K $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 Rate 5%
$278,860
Cap Rate 7%
$199,186
Cap Rate 9%
$154,922
Alternative Uses
Best Use
Multifamily LT 5
$199.2K
$174.3K – $232.4K
NOI $13,943 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$177.9K
$155.6K – $207.5K
NOI $12,451 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$310.9K
$272.0K – $362.7K
NOI $21,760 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 08021, NJ
51,458
Population
22,195
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
3,958
Density / Sq Mi
$67,439
Median Household Income
$42,864
Median Earnings
$1,288
Median Rent
$192,200
Median Home Value
Check the figures for this property
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?
Duplex - Two separately rented residences provide an income-producing configuration with nearby shopping, dining, and major road access.
Where is this duplex located?
The property is located at 223 WHITE HORSE PIKE Clementon, NJ.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two one‑bedroom units within a single duplex; Recently renovated residential property; Both units are currently rented
