Fully Occupied
For Sale
$340,000
Pending
301 LANDIS AVENUE, Oaklyn, NJ 08107
Separate utility panels support tenant-paid heat and electricity.
Property Size1,600 SF
Days on Market57
Property Features for 301 LANDIS AVENUE
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,302
Amenities
on-site laundry
Building Details
Building Size
1,600 SF
Year Built
1928
Listing Agency:
Keller Williams Realty - Marlton
Listed By:
Michael P Carr · License #234785
(856) 904-3829
Source:
Patmckennarealtors
Added: Sep 10
Changed: Nov 5
Last Checked: Nov 4 at 9:32PM
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 Keller Williams Realty - Marlton
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit residential income property in Oaklyn was built in 1928 and is fully occupied. Each unit is served by separate heat and electric panels, with tenants responsible for those utilities. The basement includes owner-owned laundry equipment, with one washer-and-dryer set assigned to each tenant.
Key Highlights
- Fully occupied duplex in Oaklyn, NJ
- Built in 1928
- Separate heat and electric panels for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,197
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,940
$363.9K
Cap Rate 7%
$259,957
$260.0K
Cap Rate 9%
$202,189
$202.2K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$27.5K $17.16/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$26.0K $16.25/SF
− OpEx
−$7.8K −$4.87/SF
NOI
$18.2K $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%
$363,940
Cap Rate 7%
$259,957
Cap Rate 9%
$202,189
Alternative Uses
Best Use
Multifamily LT 5
$260.0K
$227.5K – $303.3K
NOI $18,197 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$232.1K
$203.1K – $270.8K
NOI $16,249 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility panels support tenant-paid heat and electricity.
Where is this duplex located?
The property is located at 301 LANDIS AVENUE Oaklyn, NJ.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Fully occupied duplex in Oaklyn, NJ; Built in 1928; Separate heat and electric panels for each unit
