Duplex with Separate
New
For Sale
$250,000
29 N CLINTON AVENUE, Maple Shade, NJ 08052
Two-unit layout with a finished basement, fenced backyard, and separate meters.
Property Size1,170 SF
Price / SF$213.68
Days on Market6
Property Features for 29 N CLINTON AVENUE
General Information
Standard status
Active
Size
1,170 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1951
Buildings
1
Listing Agency:
Weichert Realtors-Medford
(856) 693-3277
Listed By:
Michael Brattelli · License #1861042
(856) 693-3277
Source:
Cummingsrealtors
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 2:57PM
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 Weichert Realtors-Medford
Investment Insights
Based on property information with market context.
This duplex is configured with two separately metered living spaces and is being offered in as-is condition. The lower residence includes two bedrooms, one bathroom, hardwood flooring, generously sized bedrooms, and a finished basement with additional storage. It is currently vacant. The upper residence provides one large bedroom, one bathroom, a kitchen, and a compact living area.
The property also includes a spacious, fully fenced backyard. Its current configuration supports duplex use, while the existing layout could be remodeled into a single-family home. Built in 1951, the property has a listed size of 1,170.
The property also includes a spacious, fully fenced backyard. Its current configuration supports duplex use, while the existing layout could be remodeled into a single-family home. Built in 1951, the property has a listed size of 1,170.
Key Highlights
- Two‑unit duplex configuration with separate meters
- Lower unit is vacant and includes 2 beds and 1 bath
- Upper unit offers 1 large bedroom, 1 bath, kitchen, and small living area
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
$19,581
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
7.83%
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%
$391,620
$391.6K
Cap Rate 7%
$279,729
$279.7K
Cap Rate 9%
$217,567
$217.6K
Market Conditions
NOI Build-Up for 1,170 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
$29.9K $25.56/SF
− Vacancy
−$1.9K −$1.65/SF
EGI
$28.0K $23.91/SF
− OpEx
−$8.4K −$7.17/SF
NOI
$19.6K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /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%
$391,620
Cap Rate 7%
$279,729
Cap Rate 9%
$217,567
Alternative Uses
Best Use
Multifamily LT 5
$279.7K
$244.8K – $326.4K
NOI $19,581 @ 7.0% cap · market cap 7.83%
Second Best
Apartment 5plus
$257.0K
$224.9K – $299.9K
NOI $17,992 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$305.5K
$267.3K – $356.4K
NOI $21,386 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 08052, NJ
20,003
Population
9,401
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,264
Density / Sq Mi
$75,732
Median Household Income
$49,963
Median Earnings
$1,574
Median Rent
$235,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout with a finished basement, fenced backyard, and separate meters.
Where is this duplex located?
The property is located at 29 N CLINTON AVENUE Maple Shade, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two‑unit duplex configuration with separate meters; Lower unit is vacant and includes 2 beds and 1 bath; Upper unit offers 1 large bedroom, 1 bath, kitchen, and small living area
