Legally Configured Duplex
For Sale
$375,000
Pending
2301 WOODLYNNE AVENUE, Oaklyn, NJ 08107
Two-unit duplex with hardwood floors, tile kitchens/baths, and spacious layouts including a first-floor legal residential conversion.
Property Size2,520 SF
Days on Market52
Property Features for 2301 WOODLYNNE AVENUE
General Information
Standard status
Pending
Size
2,520 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1924
Stories
2
Tenancy
Multi
Listing Agency:
Kay and Jay Realty Inc
Listed By:
Moustafa Aldouri
(856) 858-3200
Source:
Cummingsrealtors
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 25 at 12:02PM
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 Kay and Jay Realty Inc
Investment Insights
Based on property information with market context.
This legally configured duplex offers two spacious residential units. The first-floor unit features 3 bedrooms and 1.5 bathrooms, while the second-floor unit offers 3–4 bedrooms and 2 full bathrooms. Hardwood flooring is found in the living rooms, dining rooms, and bedrooms, with tile flooring in the kitchens and bathrooms. Both units include large kitchens and updated bathrooms, supporting comfortable day-to-day living.
The first-floor space was legally converted from commercial to residential, creating a compliant two-family setup. The property also includes generous parking and reflects pride of ownership throughout.
Located in a convenient area near shopping, restaurants, major highways, and public transportation, the duplex is designed for accessibility and long-term rental appeal. Total size is listed at 2,520 square feet.
The first-floor space was legally converted from commercial to residential, creating a compliant two-family setup. The property also includes generous parking and reflects pride of ownership throughout.
Located in a convenient area near shopping, restaurants, major highways, and public transportation, the duplex is designed for accessibility and long-term rental appeal. Total size is listed at 2,520 square feet.
Key Highlights
- Legally configured duplex on Woodlynne Ave, built in 1924
- 2‑family setup with a first‑floor unit (3 bedrooms, 1.5 bathrooms) and a second‑floor unit (3–4 bedrooms, 2 full bathrooms)
- Hardwood floors in living rooms, dining rooms, and bedrooms; tile flooring in kitchens and bathrooms
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
$28,660
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
7.64%
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%
$573,200
$573.2K
Cap Rate 7%
$409,429
$409.4K
Cap Rate 9%
$318,444
$318.4K
Market Conditions
NOI Build-Up for 2,520 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
$43.2K $17.16/SF
− Vacancy
−$2.3K −$0.91/SF
EGI
$40.9K $16.25/SF
− OpEx
−$12.3K −$4.87/SF
NOI
$28.7K $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%
$573,200
Cap Rate 7%
$409,429
Cap Rate 9%
$318,444
Alternative Uses
Best Use
Multifamily LT 5
$409.4K
$358.3K – $477.7K
NOI $28,660 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$365.6K
$319.9K – $426.5K
NOI $25,592 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$639.0K
$559.1K – $745.5K
NOI $44,727 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
636
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with hardwood floors, tile kitchens/baths, and spacious layouts including a first-floor legal residential conversion.
Where is this duplex located?
The property is located at 2301 WOODLYNNE AVENUE Oaklyn, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Legally configured duplex on Woodlynne Ave, built in 1924; 2‑family setup with a first‑floor unit (3 bedrooms, 1.5 bathrooms) and a second‑floor unit (3–4 bedrooms, 2 full bathrooms); Hardwood floors in living rooms, dining rooms, and bedrooms; tile flooring in kitchens and bathrooms
