Fully Occupied
New
For Sale
$340,000
301 LANDIS AVENUE, Oaklyn, NJ 08107
Separate utility panels support tenant-paid heat and electricity.
Property Size1,600 SF
Days on Market5
Property Features for 301 LANDIS AVENUE
General Information
Standard status
Active
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: Sep 12
Last Checked: Sep 13 at 11:14AM
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
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 = 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
$18,197
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
5.35%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
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
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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
