Cape Cod Duplex with Detached
New
For Sale
$569,000
33 W PARK Boulevard, Collingswood, NJ 08108
MULTI_FAMILY - Cape Cod - COLLINGSWOOD, NJ
Property Size1,841 SF
Lot Size0.17 Acres
Price / SF$309.07
Days on Market1
Property Features for 33 W PARK Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
5
Parking features
On Street, Driveway, Garage - Detached
Fireplace
1
Appliances
Dishwasher, Built-In Range, Built-In Microwave, Dryer, Microwave, Refrigerator, Washer
Elementary school district
HADDON TOWNSHIP PUBLIC SCHOOLS
Middle school district
HADDON TOWNSHIP PUBLIC SCHOOLS
High school district
HADDON TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
1,841 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
10001
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
dishwasher
built-in range
built-in microwave
dryer
refrigerator
brick fireplace
Building Details
Year built
1924
Number of units
1
Building materials
Frame
Architectural style
Cape Cod
Listing Agency:
Sureway Realty
(856) 552-0505
Listed By:
Andrew M Rohach · License #1220982
(609) 464-0525
Added: Aug 16
Last Checked: Aug 16 at 4:06PM
MLS# NJCD2124836
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.
This Cape Cod duplex, built in 1924, offers 1,841 square feet of finished space on a 0.17-acre corner lot. Frame construction, central air, forced-air heat, mixed hardwood, ceramic tile, and carpeted flooring define the interior. The property includes a brick fireplace and a kitchen appliance package with a dishwasher, built-in range, built-in microwave, dryer, refrigerator, and washer.
A full unfinished basement with exterior access provides storage space. Parking includes a detached garage, a concrete driveway with room for three vehicles, and on-street availability. The second-floor unit is vacant, while the garage is currently rented. The property is near a train station, providing access to the city, and residents may access the municipal pool available to Haddon Township residents.
A full unfinished basement with exterior access provides storage space. Parking includes a detached garage, a concrete driveway with room for three vehicles, and on-street availability. The second-floor unit is vacant, while the garage is currently rented. The property is near a train station, providing access to the city, and residents may access the municipal pool available to Haddon Township residents.
Key Highlights
- 1,841 SF finished duplex on a 0.17‑acre corner lot
- Cape Cod design with frame construction; built in 1924
- Full unfinished basement with exterior entrance
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
$20,938
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
3.68%
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%
$418,760
$418.8K
Cap Rate 7%
$299,114
$299.1K
Cap Rate 9%
$232,644
$232.6K
Market Conditions
NOI Build-Up for 1,841 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
$31.6K $17.16/SF
− Vacancy
−$1.7K −$0.91/SF
EGI
$29.9K $16.25/SF
− OpEx
−$9.0K −$4.87/SF
NOI
$20.9K $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%
$418,760
Cap Rate 7%
$299,114
Cap Rate 9%
$232,644
Alternative Uses
Best Use
Multifamily LT 5
$299.1K
$261.7K – $349.0K
NOI $20,938 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$267.1K
$233.7K – $311.6K
NOI $18,696 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,676 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 08108, NJ
18,618
Population
9,173
Households
2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
6,896
Density / Sq Mi
$107,764
Median Household Income
$70,887
Median Earnings
$1,680
Median Rent
$358,100
Median Home Value
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 - Two-level residential income property with basement storage, multiple parking options, and convenient rail access.
Where is this duplex located?
The property is located at 33 W PARK Boulevard Collingswood, NJ.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 1,841 SF finished duplex on a 0.17‑acre corner lot; Cape Cod design with frame construction; built in 1924; Full unfinished basement with exterior entrance
