Building Details

Year built 1920

Number of units 1

Building materials Frame

Listing Agency: Keller Williams Realty - Washington Township k***@kw.com Show Phone

Listed By: Monica L Francesco · License #119598 Show Phone

Added: Jun 29 Changed: Aug 19 Last Checked: Aug 21 at 1:06PM

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MLS# NJCD2121184

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.

Investment Insights

Based on property information with market context.

This duplex includes two separate units, each with 1 bedroom and 1 bathroom. The upstairs unit is currently rented, with the lease expiring 11/30/2026. The first-floor unit is vacant and presented as a renovation opportunity.

The property has separate electric and gas meters, and includes a boiler installed in 2021. The roof was replaced circa 2020. The duplex backs to Little Timber Creek.

Offered strictly “AS IS,” the buyer is responsible for all inspections, repairs, and obtaining the township Certificate of Occupancy. The buyer also assumes responsibility for any personal property remaining on-site after settlement.

Key Highlights

• Brooklawn duplex built in 1920 with frame construction
• 2 units: each has 1 bedroom and 1 bathroom
• Upstairs unit is rented for $1,000/month; lease expires 11/30/2026

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

$18,197

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

8.09%

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%

$363,940 $363.9K

Cap Rate 7%

$259,957 $260.0K

Cap Rate 9%

$202,189 $202.2K

Market Conditions

NOI Build-Up for 1,600 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

$27.5K $17.16/SF

− Vacancy

−$1.5K −$0.91/SF

EGI

$26.0K $16.25/SF

− OpEx

−$7.8K −$4.87/SF

NOI

$18.2K $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%

$363,940

Cap Rate 7%

$259,957

Cap Rate 9%

$202,189

Alternative Uses

Best Use

Multifamily LT 5

$260.0K

$227.5K – $303.3K (±1% cap)

NOI $18,197 @ 7.0% cap · market cap 8.09%

Second Best

Apartment 5plus

$232.1K

$203.1K – $270.8K (±1% cap)

NOI $16,249 @ 7.0% cap · market cap 7.22%

Theoretical Best

Office A

$405.7K

$355.0K – $473.3K (±1% cap)

NOI $28,398 @ 7.0% cap · market cap 12.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Restaurant Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two 1-bedroom, 1-bath units with separate electric and gas meters, including a rented upstairs unit.

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: Brooklawn duplex built in 1920 with frame construction; 2 units: each has 1 bedroom and 1 bathroom; Upstairs unit is rented for $1,000/month; lease expires 11/30/2026