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 Market145
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
Taxes and HOA fees
Annual Taxes
$13,372
Building Details
Building Size
2,432 SF
Year Built
1925
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
Listed By:
Robert Kasilowski
(856) 397-6491
Source:
Patmckennarealtors
Added: May 3
Changed: Sep 18
Last Checked: Sep 24 at 5:47PM
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
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
$27,295
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
3.71%
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%
$545,900
$545.9K
Cap Rate 7%
$389,929
$389.9K
Cap Rate 9%
$303,278
$303.3K
Market Conditions
NOI Build-Up for 2,400 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
$41.2K $17.16/SF
− Vacancy
−$2.2K −$0.91/SF
EGI
$39.0K $16.25/SF
− OpEx
−$11.7K −$4.87/SF
NOI
$27.3K $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%
$545,900
Cap Rate 7%
$389,929
Cap Rate 9%
$303,278
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
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
876
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
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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 - 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
