Two-Unit Duplex with Gated
New
For Sale
$299,900
36 HOPEWELL, Sicklerville, NJ 08081
Vacant duplex with distinct downstairs and upstairs layouts, private outdoor space, and additional bedroom flexibility.
Property Size2,044 SF
Days on Market6
Property Features for 36 HOPEWELL
General Information
Standard status
Active
Size
2,044 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 3BR/4BR
Multifamily Units
2
Building Details
Building Size
2,044 SF
Year Built
1986
Listing Agency:
RE/MAX Preferred - Sewell
(856) 589-4848
Listed By:
Carrie R Litty · License #9909891
(856) 589-4848
Source:
Patciervo.kw
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 1:20PM
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 RE/MAX Preferred - Sewell
Investment Insights
Based on property information with market context.
Built in 1986, this recently vacated duplex includes a two-bedroom downstairs residence and an upstairs residence currently configured with three bedrooms. The lower unit opens from its living room into the kitchen, with a sliding door leading to a gated backyard and exterior storage closet.
The upper unit includes a garage area previously converted into a fourth bedroom with a dedicated mini split system; the first-floor portion of that space currently lacks flooring. Additional features include a utility sink in an upstairs closet and laundry hookups on the lower level. The property is offered as-is, with the seller providing a CO.
The upper unit includes a garage area previously converted into a fourth bedroom with a dedicated mini split system; the first-floor portion of that space currently lacks flooring. Additional features include a utility sink in an upstairs closet and laundry hookups on the lower level. The property is offered as-is, with the seller providing a CO.
Key Highlights
- Downstairs unit with 2 bedrooms, living room, kitchen, gated backyard, and exterior storage closet
- Upstairs unit currently configured with 3 bedrooms
- Garage previously finished as a 4th bedroom with a dedicated mini split system
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
$23,246
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
7.75%
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%
$464,920
$464.9K
Cap Rate 7%
$332,086
$332.1K
Cap Rate 9%
$258,289
$258.3K
Market Conditions
NOI Build-Up for 2,044 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
$35.1K $17.16/SF
− Vacancy
−$1.9K −$0.91/SF
EGI
$33.2K $16.25/SF
− OpEx
−$10.0K −$4.87/SF
NOI
$23.2K $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%
$464,920
Cap Rate 7%
$332,086
Cap Rate 9%
$258,289
Alternative Uses
Best Use
Multifamily LT 5
$332.1K
$290.6K – $387.4K
NOI $23,246 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$296.5K
$259.5K – $346.0K
NOI $20,758 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$518.3K
$453.5K – $604.7K
NOI $36,279 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 08081, NJ
50,601
Population
18,361
Households
2.8
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
25.2 sq mi
ZIP Area
2,008
Density / Sq Mi
$102,924
Median Household Income
$51,734
Median Earnings
$1,551
Median Rent
$262,200
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 - Vacant duplex with distinct downstairs and upstairs layouts, private outdoor space, and additional bedroom flexibility.
Where is this duplex located?
The property is located at 36 HOPEWELL Sicklerville, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Downstairs unit with 2 bedrooms, living room, kitchen, gated backyard, and exterior storage closet; Upstairs unit currently configured with 3 bedrooms; Garage previously finished as a 4th bedroom with a dedicated mini split system
