Two-Unit Duplex with Bonus
New
For Sale
$439,000
809 Collings Avenue, Collingswood, NJ 08107
Updated duplex with two-bedroom units, refreshed kitchens, private entry, parking area, and backyard space.
Property Size2,119 SF
Price / SF$207.17
Days on Market2
Property Features for 809 Collings Avenue
General Information
Standard status
Active
Size
2,119 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Ovation Realty LLC
Listed By:
Nicholas Millevoi · License #3383750
Source:
Flagshippropertiesgroup
Added: Sep 9
Last Checked: Sep 9 at 3:54PM
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 Ovation Realty LLC
Investment Insights
Based on property information with market context.
This 2,119-square-foot duplex, built in 1920, includes two two-bedroom residences. The upper home spans two levels and offers new flooring, an eat-in kitchen with new cabinets and countertops, and a third-floor bonus room with bamboo flooring, stained-glass-style casement windows, Tiffany-style lighting, a window seat, and storage. The lower residence has been refreshed with new flooring, kitchen cabinets, and countertops, along with a private rear entrance.
The property is located at 809 Collings Avenue in Collingswood, with the West Collingwood corridor nearby. Knight Park and the shops along Haddon Ave. are within walking distance across the White Horse Pike. A large parking area and backyard add practical outdoor space to the property.
The property is located at 809 Collings Avenue in Collingswood, with the West Collingwood corridor nearby. Knight Park and the shops along Haddon Ave. are within walking distance across the White Horse Pike. A large parking area and backyard add practical outdoor space to the property.
Key Highlights
- 2,119 SF duplex with two two‑bedroom units
- Upper bi‑level residence includes a third‑floor bonus room with bamboo floors and storage
- New flooring, kitchen cabinets, and countertops in both units
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
$24,099
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
5.49%
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%
$481,980
$482.0K
Cap Rate 7%
$344,271
$344.3K
Cap Rate 9%
$267,767
$267.8K
Market Conditions
NOI Build-Up for 2,119 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
$36.4K $17.16/SF
− Vacancy
−$1.9K −$0.91/SF
EGI
$34.4K $16.25/SF
− OpEx
−$10.3K −$4.87/SF
NOI
$24.1K $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%
$481,980
Cap Rate 7%
$344,271
Cap Rate 9%
$267,767
Alternative Uses
Best Use
Multifamily LT 5
$344.3K
$301.2K – $401.7K
NOI $24,099 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$307.4K
$269.0K – $358.7K
NOI $21,520 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$537.3K
$470.1K – $626.8K
NOI $37,610 @ 7.0% cap · market cap 8.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
689
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with two-bedroom units, refreshed kitchens, private entry, parking area, and backyard space.
Where is this duplex located?
The property is located at 809 Collings Avenue Collingswood, NJ.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 2,119 SF duplex with two two‑bedroom units; Upper bi‑level residence includes a third‑floor bonus room with bamboo floors and storage; New flooring, kitchen cabinets, and countertops in both units
