Triplex with Basement
705 COLLINGS AVENUE Collingswood, NJ 08107
For Sale
$620,000
Well-maintained triplex with two 2-bedroom units and one 1-bedroom unit, all currently rented.
Property Size3,314 SF
Price / SF$187.09
Days on Market9
Property Features for 705 COLLINGS AVENUE
General Information
Standard status
Active
Size
3,314 SF
Property subtype
Triplex
Building Details
Year Built
1910
Listing Agency:
HomeSmart First Advantage Realty
(973) 384-7309
Listed By:
Olawemimo Odebiyi
(973) 384-7309
Source:
Cummingsrealtors
Added: Jul 21
Changed: Jul 26
Last Checked: Jul 28 at 5:33AM
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
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 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 | $56.9k | $17.16 |
| − Vacancy | −$3.0k | −$0.91 |
| EGI | $53.8k | $16.25 |
| − OpEx | −$16.2k | −$4.87 |
| NOI | $37.7k | $11.37 |
3,314 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$538.4K
$471.1K – $628.2K
NOI $37,690 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$480.8K
$420.7K – $560.9K
NOI $33,655 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$840.3K
$735.3K – $980.3K
NOI $58,820 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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 $620,000.
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
