Duplex With Separate
For Sale
$225,000
503 CHESTNUT STREET, Brooklawn, NJ 08030
Two one-bedroom units include one occupied apartment and a first-floor space requiring renovation.
Property Size1,600 SF
Days on Market38
Property Features for 503 CHESTNUT STREET
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,770
Building Details
Building Size
1,600 SF
Year Built
1920
Listing Agency:
Keller Williams Realty - Washington Township
(856) 981-9233
Listed By:
Monica L Francesco · License #119598
(856) 981-9233
Source:
Patmckennarealtors
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 5 at 4:49AM
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 Keller Williams Realty - Washington Township
Investment Insights
Based on property information with market context.
This two-unit property includes matching one-bedroom, one-bathroom apartments. The upper residence is leased through 11/30/2026, while the first-floor unit requires renovation before occupancy. Separate electric and gas meters support independent utility service, and the property has a 2021 boiler. The roof was replaced circa 2020.
The building backs to Little Timber Creek and is located in Brooklawn, New Jersey. The sale is strictly AS IS. The buyer will be responsible for inspections, repairs, obtaining the township Certificate of Occupancy, and any personal property remaining on-site after settlement.
The building backs to Little Timber Creek and is located in Brooklawn, New Jersey. The sale is strictly AS IS. The buyer will be responsible for inspections, repairs, obtaining the township Certificate of Occupancy, and any personal property remaining on-site after settlement.
Key Highlights
- Two one‑bedroom, one‑bathroom units
- Upper unit leased through 11/30/2026
- First‑floor unit requires renovation
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 | $27.5k | $17.16 |
| − Vacancy | −$1.5k | −$0.91 |
| EGI | $26.0k | $16.25 |
| − OpEx | −$7.8k | −$4.87 |
| NOI | $18.2k | $11.37 |
1,600 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.0K
$227.5K – $303.3K
NOI $18,197 @ 7.0% cap · market cap 8.09%
Second Best
Apartment 5plus
$232.1K
$203.1K – $270.8K
NOI $16,249 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$405.7K
$355.0K – $473.3K
NOI $28,398 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
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 - Two one-bedroom units include one occupied apartment and a first-floor space requiring renovation.
Where is this duplex located?
The property is located at 503 CHESTNUT STREET Brooklawn, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units; Upper unit leased through 11/30/2026; First‑floor unit requires renovation
