Duplex with Detached
231 White Horse Pike Clementon, NJ 08021
231 White Horse Pike, Clementon, NJ, 08021
$259,900
For Sale
$259,900
Duplex with two 1-bedroom units and a large detached garage, with both units currently rented.
Property Size1,654 SF
Price / SF$157.13
Days on Market42
Property Features for 231 White Horse Pike
General Information
- Standard status
- Active
- Size
- 1,654 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1935
Listing agency
Keller Williams Realty - Washington Township
(856) 302-4003
Listed by
Daniel J Mauz · License #0559622
(856) 302-4003
Source
Compass
Added: Jun 12 Updated: Jul 22 at 9:11PM Checked: Jul 22 at 9:11PM
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.
This duplex offers two separate 1-bedroom units and a large detached garage. Both units are currently rented, providing an income-producing residential setup with an additional detached structure for storage or other on-site needs.
The property is located in Clementon, NJ near shopping, dining, and major roadways. It is also part of an investment portfolio that includes 219, 221, 223, 231, and 233 White Horse Pike, with additional addresses available for review.
For buyers or investors evaluating the package, this asset provides a straightforward duplex configuration with separate rented units and a detached garage on-site.
The property is located in Clementon, NJ near shopping, dining, and major roadways. It is also part of an investment portfolio that includes 219, 221, 223, 231, and 233 White Horse Pike, with additional addresses available for review.
For buyers or investors evaluating the package, this asset provides a straightforward duplex configuration with separate rented units and a detached garage on-site.
Key Highlights
- Duplex with two 1‑bedroom units
- Both units are currently rented
- Large detached garage included
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 | $28.4k | $17.16 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $26.9k | $16.25 |
| − OpEx | −$8.1k | −$4.87 |
| NOI | $18.8k | $11.37 |
1,654 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.7K
$235.1K – $313.5K
NOI $18,811 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$240.0K
$210.0K – $280.0K
NOI $16,797 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$419.4K
$367.0K – $489.3K
NOI $29,357 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 1-bedroom units and a large detached garage, with both units currently rented.
Where is this duplex located?
The property is located at 231 White Horse Pike Clementon, NJ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Duplex with two 1‑bedroom units; Both units are currently rented; Large detached garage included
