Two-Story Duplex with Central
For Sale
$374,500
35 W Lakeview Ave, Oaklyn, NJ 08107
Two residential units offer matching layouts, laundry equipment, storage, and rear shared parking.
Property Size1,896 SF
Price / SF$197.52
Days on Market26
Property Features for 35 W Lakeview Ave
General Information
Standard status
Active
Size
1,896 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$749,000
Building Details
Year Built
1980
Buildings
2
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 810-5710
Listed By:
Sidney Benstead · License #8032152
Source:
Soldbypattie
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 30 at 7:09PM
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 BHHS Fox & Roach-Marlton
Investment Insights
Based on property information with market context.
This 1,896-square-foot duplex contains two separate apartments arranged on the first and second floors. Each unit provides 2 bedrooms, 1 full bath, an eat-in kitchen, central air, washer and dryer, and a dedicated storage area. Shared parking is located behind the building.
The property is situated at 35 W Lakeview Ave in Oaklyn, near the White Horse Pike, Philadelphia, and the NJ Turnpike. Built in 1980, the duplex is being offered together with the duplex at 37 W Lakeview Ave.
The property is situated at 35 W Lakeview Ave in Oaklyn, near the White Horse Pike, Philadelphia, and the NJ Turnpike. Built in 1980, the duplex is being offered together with the duplex at 37 W Lakeview Ave.
Key Highlights
- Two‑unit duplex with 1,896 square feet of property size
- Each apartment includes 2 bedrooms and 1 full bath
- Eat‑in kitchens, central air, washers and dryers in both units
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
$21,563
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
5.76%
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%
$431,260
$431.3K
Cap Rate 7%
$308,043
$308.0K
Cap Rate 9%
$239,589
$239.6K
Market Conditions
NOI Build-Up for 1,896 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
$32.5K $17.16/SF
− Vacancy
−$1.7K −$0.91/SF
EGI
$30.8K $16.25/SF
− OpEx
−$9.2K −$4.87/SF
NOI
$21.6K $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%
$431,260
Cap Rate 7%
$308,043
Cap Rate 9%
$239,589
Alternative Uses
Best Use
Multifamily LT 5
$308.0K
$269.5K – $359.4K
NOI $21,563 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$275.1K
$240.7K – $320.9K
NOI $19,255 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$480.7K
$420.7K – $560.9K
NOI $33,652 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
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 residential units offer matching layouts, laundry equipment, storage, and rear shared parking.
Where is this duplex located?
The property is located at 35 W Lakeview Ave Oaklyn, NJ.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,896 square feet of property size; Each apartment includes 2 bedrooms and 1 full bath; Eat‑in kitchens, central air, washers and dryers in both units
