Renovated
New
For Sale
$649,900
357 W 2ND STREET, Moorestown, NJ 08057
Separate entrances, a two-car attached garage, and outdoor areas distinguish this two-unit property.
Property Size2,095 SF
Price / SF$310.21
Days on Market7
Property Features for 357 W 2ND STREET
General Information
Standard status
Active
Size
2,095 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
wraparound porch
large backyard
side porch
Building Details
Year Built
1900
Year Renovated
2024
Listing Agency:
AM Realty Advisors LLC
(856) 470-1066
Listed By:
Lisa Paige Chick
(609) 744-6130
Source:
Cummingsrealtors
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 4 at 3:01PM
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 AM Realty Advisors LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,095-square-foot duplex, built in 1900, contains two apartments: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. The two-bedroom unit has a side entrance, living and dining areas, a kitchen, and access to a side porch; it also includes a two-car attached garage. The other apartment has hardwood floors, a laundry room, a kitchen with stainless steel appliances, and an upper level with two bedrooms and a storage room. Both units were renovated in 2024. Replacement windows serve the property, and the slate roof was restored in 2025. Porch improvements were completed in 2026.
The home faces a public memorial park across the street and is near the Perkins Center for the Arts, Town Center shops, dining, and other amenities. A wraparound front porch, renovated side porch, and large backyard provide additional outdoor space.
The home faces a public memorial park across the street and is near the Perkins Center for the Arts, Town Center shops, dining, and other amenities. A wraparound front porch, renovated side porch, and large backyard provide additional outdoor space.
Key Highlights
- Two apartments: 2 bedrooms and 1 bathroom in one; 3 bedrooms and 1 bathroom in the other
- 2,095 square feet; built in 1900
- Both units renovated in 2024; slate roof repaired and restored in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,023
Cap Rate
4.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,460
$600.5K
Cap Rate 7%
$428,900
$428.9K
Cap Rate 9%
$333,589
$333.6K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$45.3K $21.60/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$42.9K $20.47/SF
− OpEx
−$12.9K −$6.14/SF
NOI
$30.0K $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%
$600,460
Cap Rate 7%
$428,900
Cap Rate 9%
$333,589
Alternative Uses
Best Use
Multifamily LT 5
$428.9K
$375.3K – $500.4K
NOI $30,023 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$392.0K
$343.0K – $457.3K
NOI $27,440 @ 7.0% cap · market cap 4.22%
Theoretical Best
Warehouse
$4.38M
$3.83M – $5.11M
NOI $306,716 @ 7.0% cap · market cap 47.19%
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
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 08057, NJ
21,691
Population
8,382
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
1,418
Density / Sq Mi
$152,290
Median Household Income
$72,500
Median Earnings
$1,485
Median Rent
$626,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, a two-car attached garage, and outdoor areas distinguish this two-unit property.
Where is this duplex located?
The property is located at 357 W 2ND STREET Moorestown, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two apartments: 2 bedrooms and 1 bathroom in one; 3 bedrooms and 1 bathroom in the other; 2,095 square feet; built in 1900; Both units renovated in 2024; slate roof repaired and restored in 2025
