Legally Configured Duplex
2301 WOODLYNNE AVENUE Oaklyn, NJ 08107
2301 WOODLYNNE AVENUE, Oaklyn, NJ, 08107
$375,000
For Sale
$375,000
Two-unit duplex with hardwood floors, tile kitchens/baths, and spacious layouts including a first-floor legal residential conversion.
Property Size2,520 SF
Price / SF$148.81
Days on Market8
Property Features for 2301 WOODLYNNE AVENUE
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1924
Listing agency
Kay and Jay Realty Inc
(856) 858-3200
Listed by
Moustafa Aldouri
(856) 858-3200
Source
Cummingsrealtors
Added: Jul 15 Updated: Jul 19 at 1:49AM Checked: Jul 22 at 5:01AM
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
Local Financial Insights For Multifamily LT 5
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 | $43.2k | $17.16 |
| − Vacancy | −$2.3k | −$0.91 |
| EGI | $40.9k | $16.25 |
| − OpEx | −$12.3k | −$4.87 |
| NOI | $28.7k | $11.37 |
2,520 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
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
