Upgraded Duplex with Double
For Sale
$735,000
425 PARK AVENUE, Collingswood, NJ 08108
Upgraded duplex with new HVAC and hardwood floors, plus a double garage with loft storage, on a 50' x 170' lot.
Property Size2,432 SF
Lot Size0.20 Acres
Price / SF$306.25
Days on Market95
Property Features for 425 PARK AVENUE
General Information
Standard status
Active
Size
2,432 SF
Total Parking Spaces
2
Lot size
0.20 Acres
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$61,200
Building Details
Building Size
2,432 SF
Year Built
1925
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(856) 397-6491
Listed By:
Robert Kasilowski
(856) 397-6491
Source:
Patmckennarealtors
Added: May 3
Changed: Jul 31
Last Checked: Aug 5 at 4:10AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Welcome to 425 Park Avenue, a spacious duplex offering 2,400 SF and a total of two rented units. The exterior has been freshly painted, and the interior has been upgraded throughout, with major improvements reportedly completed within the past four years, including new HVAC, an updated kitchen, and updated baths. Hardwood floors have been restored with custom inlays, adding character across the living spaces.
The first-floor unit features 2 bedrooms and two full bathrooms. The second/third-floor unit offers 3 to 4 bedrooms and two full bathrooms, providing flexible layouts across the vertical configuration. The lot measures 50' x 170' and includes a double garage with loft storage, which could support additional uses.
The property is described as being across the street from Knight Park, within walking distance to Collingswood events, and steps to transportation, including the High Speed Line. Schools and places of worship are also noted nearby.
The first-floor unit features 2 bedrooms and two full bathrooms. The second/third-floor unit offers 3 to 4 bedrooms and two full bathrooms, providing flexible layouts across the vertical configuration. The lot measures 50' x 170' and includes a double garage with loft storage, which could support additional uses.
The property is described as being across the street from Knight Park, within walking distance to Collingswood events, and steps to transportation, including the High Speed Line. Schools and places of worship are also noted nearby.
Key Highlights
- 2,400 SF duplex with two rented units
- Upgraded within last 4 years: new HVAC plus new kitchen and baths
- First‑floor unit: 2 bedrooms and two full baths
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 | $41.2k | $17.16 |
| − Vacancy | −$2.2k | −$0.91 |
| EGI | $39.0k | $16.25 |
| − OpEx | −$11.7k | −$4.87 |
| NOI | $27.3k | $11.37 |
2,400 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.9K
$341.2K – $454.9K
NOI $27,295 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$348.2K
$304.7K – $406.2K
NOI $24,373 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$608.5K
$532.5K – $710.0K
NOI $42,597 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
Explore this area
Business Placement
Demographics for 08108, NJ
18,618
Population
9,173
Households
2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
2.7 sq mi
ZIP Area
6,896
Density / Sq Mi
$107,764
Median Household Income
$70,887
Median Earnings
$1,680
Median Rent
$358,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Upgraded duplex with new HVAC and hardwood floors, plus a double garage with loft storage, on a 50' x 170' lot.
Where is this duplex located?
The property is located at 425 PARK AVENUE Collingswood, NJ.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 2,400 SF duplex with two rented units; Upgraded within last 4 years: new HVAC plus new kitchen and baths; First‑floor unit: 2 bedrooms and two full baths
