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    Duplex Income Property with Yard Title is generated by Realmo AI

    36 W CEDAR Avenue, Merchantville, NJ 08109

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    Claim this Listing
    New
    For Sale
    $449,999

    MULTI_FAMILY - Colonial - MERCHANTVILLE, NJ

    Property size:
    2,000 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $224/SF
    Added:
    Jun 26, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 26 at 2:06 pm

    Property Features for 36 W CEDAR Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking
    18
    Parking features
    Garage - Detached, Parking Lot, Driveway
    Interior features
    Ceiling Fan(s), Window Treatments
    Standard status
    Active
    Size
    2,000 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10860

    Utilities

    Heating system
    Hot Water(Heating), Forced Air, Steam, Other (Heating)
    Cooling system
    Central Air, Ceiling Fan(s), Window Unit(s)

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Aluminum Siding
    Architectural style
    Colonial

    We can help!

    Contact an agent
    Natalie Schanne

    Listing agent Natalie Schanne License #1647304

    Listing office HomeSmart First Advantage Realty 498 Kings Highway, CHERRY HILL, NJ

    Listing date Jun 26, 2026

    MLS# NJCD2121002 Listing URL

    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.

    HighLights

    • Duplex house with approx 2,000 SF across 3 levels and a large fenced backyard
    • Front and back covered porches plus a Trex deck in the rear
    • Detached 2‑car garage and rear parking lot, with additional driveway and parking lot space
    • Recently replaced roof (est 2023–2024)
    • Unit A: 1BR/1.5BA with 8–9' ceilings, solid hardwood floors, central air, and new washer/dryer
    • Unit B: 3–4BR/1BA with refinished hardwood floors and heated by a newer (2025) boiler

    Overview

    This colonial duplex includes two separately described units within a roughly 2,000-square-foot, three-level home. The property features front and back covered porches, rear Trex decking, a large fenced backyard, and a two-car garage with rear parking lot access. A partially finished basement of approximately 600 square feet includes a utility room, washer and dryer, and an office or walk-in closet shelving area that could potentially be further finished with proper egress. The roof has been recently replaced, estimated 2023–2024.

    Unit A has been recently renovated with 1 bedroom and 1.5 bathrooms, 8–9' ceilings, solid hardwood flooring, and new paint. The kitchen includes solid wood cabinetry and newer stainless steel appliances, along with a renovated bathroom featuring a new double sink quartz vanity. Unit A also includes a new half-bath toilet and sink, a washer and dryer, and central air with a gas furnace and air conditioning, plus a large bedroom with a ceiling fan and mounted TV.

    Unit B is freshly renovated and offered with 3–4 bedrooms and 1 bathroom, along with refinished hardwood floors and new paint. The kitchen includes solid wood cabinetry and newer stainless steel appliances, and the renovated bathroom features a tiled, marble-look shower with niche and a new engineered marble vanity. Unit B has its own washer and dryer and is heated by a newer 2025 boiler. The property is offered for sale and may be provided vacant or partially or fully occupied depending on preference, with options related to viewing and scheduling.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $34.3k $17.16
    − Vacancy −$1.8k −$0.91
    EGI $32.5k $16.25
    − OpEx −$9.7k −$4.87
    NOI $22.7k $11.37
    2,000 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $324.9K
    $284.3K – $379.1K (±1% cap)
    NOI $22,746 @ 7.0% cap · market cap 5.05%
    Second Best
    Apartment 5plus
    $290.2K
    $253.9K – $338.5K (±1% cap)
    NOI $20,311 @ 7.0% cap · market cap 4.51%
    Theoretical Best
    Office A
    $507.1K
    $443.7K – $591.6K (±1% cap)
    NOI $35,498 @ 7.0% cap · market cap 7.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Merchantville
    County
    Camden
    State
    New Jersey
    Longitude
    -75.04743
    Latitude
    39.95559

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex with covered porches, deck, fenced backyard, and garage plus rear parking lot.
    Where is this duplex located?
    The property is located at 36 W CEDAR Avenue Merchantville, NJ.
    What is the asking price?
    The asking price for this property is $449,999.
    What are key features of this property?
    This property features: Duplex house with approx 2,000 SF across 3 levels and a large fenced backyard; Front and back covered porches plus a Trex deck in the rear; Detached 2‑car garage and rear parking lot, with additional driveway and parking lot space
    More about this property
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