Renovated Two-Unit
For Sale
$239,900
223 WHITE HORSE Pike, Clementon, NJ 08021
Multi-Family, CLEMENTON, NJ
Property Size1,226 SF
Lot Size0.23 Acres
Price / SF$195.68
Days on Market98
Property Features for 223 WHITE HORSE Pike
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
Parking Lot
Elementary school district
CLEMENTON BOROUGH PUBLIC SCHOOLS
Middle school district
CLEMENTON BOROUGH PUBLIC SCHOOLS
High school district
CLEMENTON BOROUGH PUBLIC SCHOOLS
Standard status
Active
Size
1,226 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
6094
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1935
Number of units
1
Building materials
Frame
Listing Agency:
Keller Williams Realty - Washington Township
(856) 582-1200
Listed By:
Daniel J Mauz · License #0559622
(856) 302-4003
Added: Jul 1
Changed: Aug 19
Last Checked: Oct 6 at 11:06AM
MLS# NJCD2121476
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This frame duplex contains two one-bedroom units within 1,226 square feet. The property was recently renovated, and both residences are currently rented. Central air, forced-air heating, and a basement are included, while a parking lot provides on-site parking. Built in 1935, the building combines a two-unit layout with established physical improvements.
The property is located in Clementon, Camden County, New Jersey, near shopping, dining, and major roadways. It is situated at 223 White Horse Pike and is part of a broader portfolio that also includes 219, 221, 231, and 233 White Horse Pike. The 0.2296-acre parcel offers a defined setting for the duplex and its parking area.
The property is located in Clementon, Camden County, New Jersey, near shopping, dining, and major roadways. It is situated at 223 White Horse Pike and is part of a broader portfolio that also includes 219, 221, 231, and 233 White Horse Pike. The 0.2296-acre parcel offers a defined setting for the duplex and its parking area.
Key Highlights
- Two 1‑bedroom units, both currently rented
- Recently renovated duplex totaling 1,226 Square Feet
- Frame construction with forced‑air heating and central air
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
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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 - Both one-bedroom units are currently rented, with basement space and a parking lot on the property.
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 1‑bedroom units, both currently rented; Recently renovated duplex totaling 1,226 Square Feet; Frame construction with forced‑air heating and central air
