Duplex with Detached
For Sale
$259,900
231 WHITE HORSE Pike, Clementon, NJ 08021
Multi-Family, CLEMENTON, NJ
Property Size1,654 SF
Lot Size0.17 Acres
Price / SF$157.13
Days on Market98
Property Features for 231 WHITE HORSE Pike
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
Parking Lot, Garage - Detached
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
1,654 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
7092
Utilities
Heating system
Forced 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: Sep 13
Last Checked: Oct 6 at 8:06AM
MLS# NJCD2121480
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 duplex includes two one-bedroom units within a 1,654-square-foot frame building. Both units are currently rented. The property also features a large detached garage, parking lot, forced-air heating, and a basement. Built in 1935, the building sits on a 0.1722-acre lot.
Located at 231 White Horse Pike in Clementon, New Jersey, the property is near shopping, dining, and major roadways. The asset is identified as part of a broader portfolio that includes additional White Horse Pike properties.
Located at 231 White Horse Pike in Clementon, New Jersey, the property is near shopping, dining, and major roadways. The asset is identified as part of a broader portfolio that includes additional White Horse Pike properties.
Key Highlights
- Two one‑bedroom units, both currently rented
- 1,654 square feet of building area on a 0.1722‑acre lot
- Large detached garage plus parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,811
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,220
$376.2K
Cap Rate 7%
$268,729
$268.7K
Cap Rate 9%
$209,011
$209.0K
Market Conditions
NOI Build-Up for 1,654 SF
Gross rent
$28.4K $17.16/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$26.9K $16.25/SF
− OpEx
−$8.1K −$4.87/SF
NOI
$18.8K $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%
$376,220
Cap Rate 7%
$268,729
Cap Rate 9%
$209,011
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 authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
361
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 one-bedroom units are currently rented and served by forced-air heating.
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: Two one‑bedroom units, both currently rented; 1,654 square feet of building area on a 0.1722‑acre lot; Large detached garage plus parking lot
