Cape Cod Duplex with Detached
For Sale
$569,000
33 W PARK BOULEVARD, Collingswood, NJ 08108
Two-unit property with a full basement, multiple parking options, and convenient access to the nearby train station.
Property Size1,841 SF
Lot Size0.17 Acres
Price / SF$309.07
Days on Market10
Property Features for 33 W PARK BOULEVARD
General Information
Standard status
Active
Size
1,841 SF
Total Parking Spaces
5
Lot size
0.17 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Amenities
brick fireplace
full unfinished basement
dishwasher
built-in range
built-in microwave
dryer
refrigerator
Building Details
Year Built
1924
Construction
Cape Cod
Listing Agency:
Sureway Realty
(609) 464-0525
Listed By:
Andrew M Rohach
(609) 464-0525
Source:
Cummingsrealtors
Added: Aug 13
Changed: Aug 22
Last Checked: Aug 22 at 4:15AM
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 Sureway Realty
Investment Insights
Based on property information with market context.
This Cape Cod-style duplex was built in 1924 and contains 1,841 square feet of finished space. The property features solid-frame construction, varied flooring including ceramic tile, hardwood, and carpet, plus kitchens equipped with dishwashers, built-in ranges, built-in microwaves, dryers, and refrigerators. A brick fireplace adds a distinctive interior feature, while the full unfinished basement has an exterior entrance for storage or future flexibility.
The corner-lot property sits on 0.17 acres and includes a detached garage with room for two vehicles, along with a concrete driveway accommodating three additional cars. The second-floor unit is vacant. Residents have access to the municipal pool available to Haddon Township residents, and the nearby train station provides access to the city.
The corner-lot property sits on 0.17 acres and includes a detached garage with room for two vehicles, along with a concrete driveway accommodating three additional cars. The second-floor unit is vacant. Residents have access to the municipal pool available to Haddon Township residents, and the nearby train station provides access to the city.
Key Highlights
- Duplex with 1,841 square feet of finished area
- Built in 1924 with Cape Cod architecture and solid‑frame construction
- Full unfinished basement with an outside 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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a full basement, multiple parking options, and convenient access to the nearby train station.
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: Duplex with 1,841 square feet of finished area; Built in 1924 with Cape Cod architecture and solid‑frame construction; Full unfinished basement with an outside entrance
