Remodeled Three-Story
New
For Sale
$525,000
42 E Curtis Ave, Woodbury, NJ 08096
Two separate living units feature updated kitchens, bathrooms, heating and cooling systems, plumbing, fixtures, and finishes.
Property Size3,283 SF
Price / SF$159.91
Days on Market5
Property Features for 42 E Curtis Ave
General Information
Standard status
Active
Size
3,283 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1.5BA, 1 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Home and Heart Realty
Listed By:
Rosemarie Rose Simila · License #232377
(609) 364-4916
Source:
Baltimoreharfordhomesforsale
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 19 at 8:50AM
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 Home and Heart Realty
Investment Insights
Based on property information with market context.
This three-story duplex contains two distinct living spaces with a flexible layout. One unit offers one bedroom, 1.5 bathrooms, a private living area, and a renovated kitchen with new appliances. The second unit includes four bedrooms, two updated bathrooms, a renovated kitchen, dining area, and spacious living room. The property can remain configured as two residences or be used as a larger single-family home with a private in-law suite.
Recent improvements include new heating and cooling systems, a hot water heater, upgraded plumbing, updated fixtures and finishes, and a new roof. A newly built front porch adds outdoor space, while the large two-story garage provides storage and an upper level suited to uses such as a workshop, studio, office, craft room, or recreation area. Built in 1900 and located at 42 E Curtis Avenue in Woodbury, NJ.
Recent improvements include new heating and cooling systems, a hot water heater, upgraded plumbing, updated fixtures and finishes, and a new roof. A newly built front porch adds outdoor space, while the large two-story garage provides storage and an upper level suited to uses such as a workshop, studio, office, craft room, or recreation area. Built in 1900 and located at 42 E Curtis Avenue in Woodbury, NJ.
Key Highlights
- Two‑unit duplex with one 1‑bedroom residence and one 4‑bedroom residence
- Three‑story layout with separate living spaces and flexible residential configuration
- Renovated kitchens include updated cabinetry, finishes, countertops, and appliances
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
$43,136
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
8.22%
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%
$862,720
$862.7K
Cap Rate 7%
$616,229
$616.2K
Cap Rate 9%
$479,289
$479.3K
Market Conditions
NOI Build-Up for 3,283 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
$65.0K $19.80/SF
− Vacancy
−$3.4K −$1.03/SF
EGI
$61.6K $18.77/SF
− OpEx
−$18.5K −$5.63/SF
NOI
$43.1K $13.14/SF
Area
Gloucester County, NJ
Vacancy
5.20%
Lease Rate
$19.80 /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%
$862,720
Cap Rate 7%
$616,229
Cap Rate 9%
$479,289
Alternative Uses
Best Use
Multifamily LT 5
$616.2K
$539.2K – $718.9K
NOI $43,136 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$548.2K
$479.7K – $639.6K
NOI $38,373 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.10M
$965.6K – $1.29M
NOI $77,248 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living units feature updated kitchens, bathrooms, heating and cooling systems, plumbing, fixtures, and finishes.
Where is this duplex located?
The property is located at 42 E Curtis Ave Woodbury, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with one 1‑bedroom residence and one 4‑bedroom residence; Three‑story layout with separate living spaces and flexible residential configuration; Renovated kitchens include updated cabinetry, finishes, countertops, and appliances
