Two-Unit
For Sale
Under Contract
$375,000
312 CONOVER Street, Burlington, NJ 08016
Multi-Family, BURLINGTON, NJ
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$177.56
Days on Market11
Property Features for 312 CONOVER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
3
Parking features
Fenced, Driveway
Elementary school
CAPTAIN JAMES LAWRENCE E.S.
Middle school
WILBUR WATTS INTERMEDIATE SCHOOL
High school
BURLINGTON CITY H.S.
Elementary school district
BURLINGTON CITY SCHOOLS
Middle school district
BURLINGTON CITY SCHOOLS
High school district
BURLINGTON CITY SCHOOLS
Standard status
Active Under Contract
Size
2,112 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
8171
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Wall Unit(s)
Amenities
covered carport
screened-in rear patio
Building Details
Year built
1973
Number of units
2
Building materials
Frame
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Jason M Galante · License #1536418
(856) 625-8898
Added: Oct 12
Changed: Oct 21
Last Checked: Oct 22 at 7:06AM
MLS# NJBL2122482
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This frame duplex, built in 1973, contains two separate residences, each with 2 bedrooms and 1 full bathroom. The 2,112-square-foot building sits on a 0.17-acre lot. Basement access serves the first-floor unit, while the upper residence has attic access and a screened rear patio. A new French drain system has been installed in the basement, and a covered carport provides sheltered parking.
The upper unit is leased through May 2027. Regional connections include Route 130, I-295, the New Jersey Turnpike, Route 541, Route 413, and the Burlington-Bristol Bridge.
The upper unit is leased through May 2027. Regional connections include Route 130, I-295, the New Jersey Turnpike, Route 541, Route 413, and the Burlington-Bristol Bridge.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- 2,112‑square‑foot building on a 0.17‑acre lot
- Upper unit leased through May 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,267
Cap Rate
8.07%
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 8.07%
Second Best
Apartment 5plus
$395.2K
$345.8K – $461.0K
NOI $27,662 @ 7.0% cap · market cap 7.38%
Theoretical Best
Warehouse
$4.42M
$3.87M – $5.15M
NOI $309,205 @ 7.0% cap · market cap 82.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
849
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence is leased through May 2027, while the lower unit has direct basement access.
Where is this duplex located?
The property is located at 312 CONOVER Street Burlington, NJ.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; 2,112‑square‑foot building on a 0.17‑acre lot; Upper unit leased through May 2027
