Renovated Victorian
New
For Sale
$949,900
266 S WHITE HORSE Pike, Audubon, NJ 08106
Multi-Family, AUDUBON, NJ
Property Size4,000 SF
Lot Size0.41 Acres
Price / SF$237.48
Days on Market1
Property Features for 266 S WHITE HORSE Pike
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
10
Parking features
Parking Lot
Appliances
Built-In Microwave, Dishwasher, Dryer, Dryer - Electric, Refrigerator, Stainless Steel Appliances, Washer
Elementary school
MANSION AVENUE SCHOOL
Elementary school district
AUDUBON PUBLIC SCHOOLS
Middle school district
AUDUBON PUBLIC SCHOOLS
High school district
AUDUBON PUBLIC SCHOOLS
Standard status
Active
Size
4,000 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Annual Amount
13545
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
stone fire pit
fenced yard
in-unit laundry
skylights
walk-in closets
kitchen islands
independent thermostats
Building Details
Year built
1900
Number of units
4
Building materials
Frame
Architectural style
Victorian
Listing Agency:
Agent06 LLC
(856) 438-0660
Listed By:
Anthony Wilson
(609) 413-2057
Added: Sep 15
Last Checked: Sep 15 at 1:06PM
MLS# NJCD2126088
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.
Located at 266 S White Horse Pike in Audubon, this 4,000-square-foot quadplex combines four residences with a front office area and basement access. The 0.4116-acre property includes parking in the front and rear, fenced grounds, a stone fire pit, and a Victorian architectural design dating to 1900. The building has been extensively updated and features new mechanical systems, forced-air heating, central air, and frame construction.
The rear residences offer private single-level entrances, skylights, walk-in closets, kitchen islands, in-unit laundry, and separate thermostats. The two front units are positioned on the building’s left side, with the upper-level layout including a two-level one-bedroom residence with one and a half baths, a walk-in closet, and living space within the original tower. The office has a powder room, beverage refrigerator, and direct basement access for storage and building operations.
The rear residences offer private single-level entrances, skylights, walk-in closets, kitchen islands, in-unit laundry, and separate thermostats. The two front units are positioned on the building’s left side, with the upper-level layout including a two-level one-bedroom residence with one and a half baths, a walk-in closet, and living space within the original tower. The office has a powder room, beverage refrigerator, and direct basement access for storage and building operations.
Key Highlights
- 4,000‑square‑foot quadplex with four residences and a front office area
- 0.4116‑acre fenced property with parking in the front and rear
- Victorian architecture dating to 1900, including an original tower
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
924
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-residence property with an office suite, parking lot, fenced grounds, and updated mechanical systems.
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: 4,000‑square‑foot quadplex with four residences and a front office area; 0.4116‑acre fenced property with parking in the front and rear; Victorian architecture dating to 1900, including an original tower
