Renovated Quadplex with Victorian
New
For Sale
$949,900
266 S White Horse Pike, Audubon, NJ 08106
Four updated residences offer private entries, varied layouts, dedicated laundry, and parking on a fenced corner parcel.
Property Size4,000 SF
Lot Size0.41 Acres
Price / SF$237.48
Days on Market7
Property Features for 266 S White Horse Pike
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.41 Acres
Property subtype
Multi-family
Lease Term
[]
Additional Details
Average Monthly Rent
$1,800
Multifamily Units
4
Amenities
stone fire pit
fenced yard
in-unit laundry
skylights
walk-in closets
kitchen islands
independent thermostats
Building Details
Year Built
1900
Construction
Victorian
Listing Agency:
Agent06 LLC
Listed By:
Anthony Wilson
(609) 413-2057
Source:
Deepcreeklake
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 20 at 8:51AM
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 Agent06 LLC
Investment Insights
Based on property information with market context.
This 4,000-square-foot quadplex, built in 1900, combines historic character with extensive renovations across four residences. The property occupies 0.41 acres and includes front and rear parking, perimeter fencing, landscaped lawn, and a stone fire pit. The front office has a powder room, beverage refrigerator, basement access, and existing plumbing and space for a kitchen. Units A and B feature single-level private entrances, skylights, walk-in closets, kitchen islands, in-unit laundry, and independent thermostats. Units C and D are reached through the front portion of the building; Unit D spans two levels and includes one bedroom, one and a half baths, a walk-in closet, an additional living area, and a bedroom positioned within the original Victorian tower.
Key Highlights
- Four‑residence quadplex on a 0.41‑acre fenced parcel
- 4,000 SF building constructed in 1900
- Front and rear parking, landscaped grounds, and stone fire pit
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
$45,492
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
4.79%
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%
$909,840
$909.8K
Cap Rate 7%
$649,886
$649.9K
Cap Rate 9%
$505,467
$505.5K
Market Conditions
NOI Build-Up for 4,000 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
$68.6K $17.16/SF
− Vacancy
−$3.7K −$0.91/SF
EGI
$65.0K $16.25/SF
− OpEx
−$19.5K −$4.87/SF
NOI
$45.5K $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%
$909,840
Cap Rate 7%
$649,886
Cap Rate 9%
$505,467
Alternative Uses
Best Use
Multifamily LT 5
$649.9K
$568.7K – $758.2K
NOI $45,492 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$580.3K
$507.8K – $677.0K
NOI $40,622 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.01M
$887.4K – $1.18M
NOI $70,995 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
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Business Placement
Demographics for 08106, NJ
9,698
Population
3,996
Households
2.4
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
6,061
Density / Sq Mi
$107,539
Median Household Income
$61,139
Median Earnings
$1,083
Median Rent
$286,500
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?
Quadplex - Four updated residences offer private entries, varied layouts, dedicated laundry, and parking on a fenced corner parcel.
Where is this quadplex located?
The property is located at 266 S White Horse Pike Audubon, NJ.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Four‑residence quadplex on a 0.41‑acre fenced parcel; 4,000 SF building constructed in 1900; Front and rear parking, landscaped grounds, and stone fire pit
