Triplex with Basement
For Sale
$599,900
705 COLLINGS AVENUE, Collingswood, NJ 08107
Well-maintained triplex with two 2-bedroom units and one 1-bedroom unit, all currently rented.
Property Size3,314 SF
Price / SF$181.02
Days on Market98
Property Features for 705 COLLINGS AVENUE
General Information
Standard status
Active
Size
3,314 SF
Property subtype
Triplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1910
Stories
3
Tenancy
Multi
Listing Agency:
HomeSmart First Advantage Realty
(856) 666-3000
Listed By:
Olawemimo Odebiyi
(973) 384-7309
Source:
Cummingsrealtors
Added: Jul 22
Changed: Oct 27
Last Checked: Oct 26 at 3:43PM
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 HomeSmart First Advantage Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained triplex offers an attractive unit mix of two 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. All units are currently rented. The first-floor unit includes exclusive access to a full basement that provides additional storage, and it also has its own private washer and dryer. The second- and third-floor units share a separate washer and dryer. Carpets were recently replaced in the units.
The property is located just minutes from downtown Oaklyn, Collingswood, and Knight Park, with nearby shopping, restaurants, public transportation, and access to major highways and Philadelphia.
With dedicated laundry for the first-floor unit and shared laundry on the upper floors, the layout supports straightforward day-to-day tenant operation across three separate apartments.
The property is located just minutes from downtown Oaklyn, Collingswood, and Knight Park, with nearby shopping, restaurants, public transportation, and access to major highways and Philadelphia.
With dedicated laundry for the first-floor unit and shared laundry on the upper floors, the layout supports straightforward day-to-day tenant operation across three separate apartments.
Key Highlights
- Well‑maintained 3‑unit triplex built in 1910
- Unit mix: two 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit
- All units are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,690
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,800
$753.8K
Cap Rate 7%
$538,429
$538.4K
Cap Rate 9%
$418,778
$418.8K
Market Conditions
NOI Build-Up for 3,314 SF
Gross rent
$56.9K $17.16/SF
− Vacancy
−$3.0K −$0.91/SF
EGI
$53.8K $16.25/SF
− OpEx
−$16.2K −$4.87/SF
NOI
$37.7K $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 Rate 5%
$753,800
Cap Rate 7%
$538,429
Cap Rate 9%
$418,778
Alternative Uses
Best Use
Multifamily LT 5
$538.4K
$471.1K – $628.2K
NOI $37,690 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$480.8K
$420.7K – $560.9K
NOI $33,655 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$840.3K
$735.3K – $980.3K
NOI $58,820 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex with two 2-bedroom units and one 1-bedroom unit, all currently rented.
Where is this triplex located?
The property is located at 705 COLLINGS AVENUE Collingswood, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Well‑maintained 3‑unit triplex built in 1910; Unit mix: two 2‑bedroom, 1‑bath units plus one 1‑bedroom, 1‑bath unit; All units are currently rented
