Duplex With Fenced
For Sale
$370,000
312 Conover St, Burlington, NJ 08016
Both residences are occupied, with one lease extending through May 1, 2027 and the other continuing month to month.
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$175.19
Days on Market51
Property Features for 312 Conover St
General Information
Standard status
Active
Size
2,112 SF
Total Parking Spaces
2
Lot size
0.17 Acres
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced backyard
front porch
Building Details
Year Built
1973
Buildings
1
Listing Agency:
Coldwell Banker Realty
Listed By:
Erin M Blank · License #0452453
(856) 220-3722
Source:
Soldbypattie
Added: Aug 21
Changed: Sep 24
Last Checked: Oct 9 at 8:57PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This duplex contains two occupied residences, each arranged with two bedrooms and one full bathroom. The upper unit is subject to a lease ending May 1, 2027, while the lower residence is leased month to month. A front porch, fenced backyard, landscaped lawn, and established plantings add outdoor appeal to the property.
Two driveway spaces provide off-street parking. The owner currently handles insurance, water, sewer, and real estate taxes, while residents pay the remaining expenses. The property is located at 312 Conover St in Burlington, New Jersey.
Two driveway spaces provide off-street parking. The owner currently handles insurance, water, sewer, and real estate taxes, while residents pay the remaining expenses. The property is located at 312 Conover St in Burlington, New Jersey.
Key Highlights
- Two‑unit duplex with both residences currently occupied
- Upper unit lease runs through 5/1/2027
- Lower unit has a month‑to‑month lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,267
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,340
$605.3K
Cap Rate 7%
$432,386
$432.4K
Cap Rate 9%
$336,300
$336.3K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$45.6K $21.60/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$43.2K $20.47/SF
− OpEx
−$13.0K −$6.14/SF
NOI
$30.3K $14.33/SF
Area
Burlington County, NJ
Vacancy
5.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,340
Cap Rate 7%
$432,386
Cap Rate 9%
$336,300
Alternative Uses
Best Use
Multifamily LT 5
$432.4K
$378.3K – $504.5K
NOI $30,267 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$395.2K
$345.8K – $461.0K
NOI $27,662 @ 7.0% cap · market cap 7.48%
Theoretical Best
Warehouse
$4.42M
$3.87M – $5.15M
NOI $309,205 @ 7.0% cap · market cap 83.57%
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
2
Residential units
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
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?
Duplex - Both residences are occupied, with one lease extending through May 1, 2027 and the other continuing month to month.
Where is this duplex located?
The property is located at 312 Conover St Burlington, NJ.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently occupied; Upper unit lease runs through 5/1/2027; Lower unit has a month‑to‑month lease
