Updated Duplex for Immediate
For Sale
$399,000
3 Maynard Drive, Sicklerville, NJ 08081
Two-unit duplex with separate utilities and laundry hookups, updated interiors, and currently leased for rental income.
Property Size2,040 SF
Price / SF$195.59
Days on Market40
Property Features for 3 Maynard Drive
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi-family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1983
Listing Agency:
Weichert Realtors-Cherry Hill
Listed By:
Veronica M Fantozzi
(800) 299-2129
Source:
Actionplusrealty
Added: Jun 28
Changed: Jul 27
Last Checked: Aug 5 at 5:13AM
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-Cherry Hill
Investment Insights
Based on property information with market context.
This updated duplex offers two separate, fully occupied units. Each unit features two bedrooms, one full bath, a living room, dining room, and an eat-in kitchen, with separate laundry hookups. Utilities are split with each unit having separate gas, electric, and water; the landlord is responsible for sewer only. The property has been updated throughout with modern kitchens, updated bathrooms, luxury vinyl plank flooring, and neutral finishes. Recent mechanical updates include a 3-year-old HVAC system and a 5-year-old hot water heater in Unit A, and a 5-year-old HVAC system in Unit B.
The property is located at 3 Maynard Drive in Sicklerville, NJ 08081. Public remarks note convenient proximity to shopping, restaurants, major highways, public transportation, and Gloucester Township schools.
The duplex is currently generating $3,550 per month in rental income and is being sold As-Is.
The property is located at 3 Maynard Drive in Sicklerville, NJ 08081. Public remarks note convenient proximity to shopping, restaurants, major highways, public transportation, and Gloucester Township schools.
The duplex is currently generating $3,550 per month in rental income and is being sold As-Is.
Key Highlights
- Duplex built in 1983, fully occupied and currently generating $3,550/month in rental income (sold as‑is).
- Each unit offers 2 bedrooms, 1 full bath, living room, dining room, and an eat‑in kitchen.
- Separate utilities by unit: each has its own gas, electric, and water; landlord covers sewer only.
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 | $35.0k | $17.16 |
| − Vacancy | −$1.9k | −$0.91 |
| EGI | $33.1k | $16.25 |
| − OpEx | −$9.9k | −$4.87 |
| NOI | $23.2k | $11.37 |
2,040 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.4K
$290.0K – $386.7K
NOI $23,201 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$296.0K
$259.0K – $345.3K
NOI $20,717 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$517.3K
$452.6K – $603.5K
NOI $36,208 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 08081, NJ
50,601
Population
18,361
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
25.2 sq mi
ZIP Area
2,008
Density / Sq Mi
$102,924
Median Household Income
$51,734
Median Earnings
$1,551
Median Rent
$262,200
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 duplex with separate utilities and laundry hookups, updated interiors, and currently leased for rental income.
Where is this duplex located?
The property is located at 3 Maynard Drive Sicklerville, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex built in 1983, fully occupied and currently generating $3,550/month in rental income (sold as‑is).; Each unit offers 2 bedrooms, 1 full bath, living room, dining room, and an eat‑in kitchen.; Separate utilities by unit: each has its own gas, electric, and water; landlord covers sewer only.
