Four-Unit Duplex
New
For Sale
$425,000
601 PARK AVENUE, Collingswood, NJ 08108
Two duplexes offer separate living units, shared laundry, on-site parking, and upgraded electrical systems.
Property Size2,026 SF
Price / SF$209.77
Days on Market7
Property Features for 601 PARK AVENUE
General Information
Standard status
Active
Size
2,026 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA, 1 x 3/4BR/2BA, 1 x 3/4BR/1.5BA
Multifamily Units
4
Additional Details
Gross Income
$76,500
Public Transit
Yes
Amenities
shared washer/dryer
Building Details
Year Built
1915
Buildings
2
Listing Agency:
Compass New Jersey, LLC - Moorestown
(609) 744-3112
Listed By:
Erin K Finazzo · License #345198
(609) 744-3112
Source:
Cummingsrealtors
Added: Aug 10
Changed: Aug 16
Last Checked: Aug 16 at 6:15AM
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 Compass New Jersey, LLC - Moorestown
Investment Insights
Based on property information with market context.
This offering combines two duplex properties at 601 and 603 Park Avenue in Collingswood, with four separately configured residential units. Each building includes a one-bedroom, one-bath first-floor apartment and a larger upper-level residence with three to four bedrooms and two or 1.5 baths. The 603 property also includes a two-car garage with a separate lease. Both basements feature a newer shared washer and dryer, and on-site parking serves all four units. Electrical panels and service connections from the street to each house have been upgraded. The properties hold duplex certifications from Collingswood Township and current state-required lead paint certifications.
The portfolio is positioned in downtown Collingswood near PATCO, Knight Park, Haddon Avenue shops and restaurants, the farmers market, and Cooper River. Three of the four residential occupants have maintained tenancies for more than five years, as has the garage leaseholder.
The portfolio is positioned in downtown Collingswood near PATCO, Knight Park, Haddon Avenue shops and restaurants, the farmers market, and Cooper River. Three of the four residential occupants have maintained tenancies for more than five years, as has the garage leaseholder.
Key Highlights
- Two duplex properties together provide 4 residential units
- 601 Park Avenue includes 1‑bedroom and 3/4‑bedroom units
- 603 Park Avenue includes 1‑bedroom and 3/4‑bedroom units plus a 2‑car garage
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
$23,042
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
5.42%
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%
$460,840
$460.8K
Cap Rate 7%
$329,171
$329.2K
Cap Rate 9%
$256,022
$256.0K
Market Conditions
NOI Build-Up for 2,026 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
$34.8K $17.16/SF
− Vacancy
−$1.8K −$0.91/SF
EGI
$32.9K $16.25/SF
− OpEx
−$9.9K −$4.87/SF
NOI
$23.0K $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%
$460,840
Cap Rate 7%
$329,171
Cap Rate 9%
$256,022
Alternative Uses
Best Use
Multifamily LT 5
$329.2K
$288.0K – $384.0K
NOI $23,042 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$293.9K
$257.2K – $342.9K
NOI $20,575 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$513.7K
$449.5K – $599.3K
NOI $35,959 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two duplexes offer separate living units, shared laundry, on-site parking, and upgraded electrical systems.
Where is this duplex located?
The property is located at 601 PARK AVENUE Collingswood, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two duplex properties together provide 4 residential units; 601 Park Avenue includes 1‑bedroom and 3/4‑bedroom units; 603 Park Avenue includes 1‑bedroom and 3/4‑bedroom units plus a 2‑car garage
