Duplex with Fenced
New
For Sale
$370,000
312 CONOVER Street, Burlington, NJ 08016
MULTI_FAMILY - BURLINGTON, NJ
Property Size2,112 SF
Lot Size0.17 Acres
Price / SF$175.19
Days on Market3
Property Features for 312 CONOVER Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
2
Parking features
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
Size
2,112 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
8171
Utilities
Heating system
Forced Air
Cooling system
Wall Unit(s)
Amenities
fenced backyard
front porch
Building Details
Year built
1973
Number of units
2
Building materials
Frame
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(856) 235-0101
Listed By:
Erin M Blank · License #0452453
(856) 220-3722
Added: Aug 2
Last Checked: Aug 4 at 3:06PM
MLS# NJBL2117748
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.
Investment Insights
Based on property information with market context.
Duplex at 312 Conover Street features two residential units with a finished interior totaling 2,100 square feet. The home has a frame construction, forced-air heating, and wall unit cooling. Each unit includes its own layout for comfortable living, and the property offers a large fenced backyard, a front porch, and landscaped curb appeal elements.
The upstairs unit includes two bedrooms and a full bath and has a lease set to expire on 5/1/2027. The downstairs unit is also currently rented with a month-to-month lease and includes two bedrooms and one full bath. Off-street parking is available with two driveway spaces.
Built in 1973 and sited on a 0.17-acre lot, the property includes a basement. The current owner covers insurance, water, sewer, and real estate taxes, while the tenants pay the remaining expenses.
The upstairs unit includes two bedrooms and a full bath and has a lease set to expire on 5/1/2027. The downstairs unit is also currently rented with a month-to-month lease and includes two bedrooms and one full bath. Off-street parking is available with two driveway spaces.
Built in 1973 and sited on a 0.17-acre lot, the property includes a basement. The current owner covers insurance, water, sewer, and real estate taxes, while the tenants pay the remaining expenses.
Key Highlights
- 2,100 finished square feet in a two‑unit duplex on a 0.17‑acre lot
- Fenced backyard plus a front porch
- Forced air heating and wall unit cooling
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 | $45.6k | $21.60 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $43.2k | $20.47 |
| − OpEx | −$13.0k | −$6.14 |
| NOI | $30.3k | $14.33 |
2,112 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
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
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 - Frame duplex offers two rented units, a large fenced backyard, and off-street parking via two driveway spaces.
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 $370,000.
What are key features of this property?
This property features: 2,100 finished square feet in a two‑unit duplex on a 0.17‑acre lot; Fenced backyard plus a front porch; Forced air heating and wall unit cooling
