Renovated Duplex with
86 Gordon Avenue, Lawrence, NJ 08648
For Sale
$500,000
Residential, Duplex, Lawrence, NJ
Property Size1,642 SF
Lot Size0.02 Acres
Price / SF$304.51
Days on Market57
Property Features for 86 Gordon Avenue
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Patio and Porch features
Interior features
Fencing
Fireplace
Basement
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
HOA Fee
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fireplace
gourmet kitchen
butler's pantry
master suite
walk-in closet
soaking tub
Building Details
Year built
Floors in Building
Flooring type
Roof type
Architectural style
Listing Agency:
Coldwell Banker Realty
Listed By:
Ying Gautreau
(732) 494-7700
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 9 at 4:06AM
MLS# 22629061
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,642-square-foot duplex-style end-unit townhouse was built in 1989 and renovated in 2023. The interior includes an open floor plan, crown molding, recessed lighting, laminate, tile, and carpet flooring. Its kitchen is equipped with a built-in gas range, refrigerator, butler’s pantry, and eat-in area. A breakfast area, formal dining room, wood-burning fireplace, and basement add to the home’s functional layout. The primary suite includes a sitting area, walk-in closet, soaking tub, and walk-in shower.
Additional features include forced-air heating, central air conditioning, public water and sewer, a shingle roof, fencing, patio, and deck. The property is located in Lawrence, NJ, near a train station and shopping area.
Additional features include forced-air heating, central air conditioning, public water and sewer, a shingle roof, fencing, patio, and deck. The property is located in Lawrence, NJ, near a train station and shopping area.
Key Highlights
- 1,642 square feet of interior space
- Renovated in 2023
- Duplex‑style end‑unit townhouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,017
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,340
$580.3K
Cap Rate 7%
$414,529
$414.5K
Cap Rate 9%
$322,411
$322.4K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$44.3K $27.00/SF
− Vacancy
−$2.9K −$1.76/SF
EGI
$41.5K $25.25/SF
− OpEx
−$12.4K −$7.57/SF
NOI
$29.0K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,340
Cap Rate 7%
$414,529
Cap Rate 9%
$322,411
Alternative Uses
Best Use
Multifamily LT 5
$414.5K
$362.7K – $483.6K
NOI $29,017 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$358.0K
$313.3K – $417.7K
NOI $25,061 @ 7.0% cap · market cap 5.01%
Theoretical Best
Warehouse
$528.3K
$462.3K – $616.3K
NOI $36,980 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
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Business Placement
Demographics for 08648, NJ
31,955
Population
12,217
Households
2.6
Avg Household Size
40
Median Age
60%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
1,913
Density / Sq Mi
$118,036
Median Household Income
$54,833
Median Earnings
$1,953
Median Rent
$395,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Mercer County, NJ
Properties on Market for Duplexes in Mercer County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - End-unit townhouse with an open interior, gourmet kitchen, private outdoor areas, and a primary suite with spa-style bath features.
Where is this duplex located?
The property is located at 86 Gordon Avenue Lawrence, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,642 square feet of interior space; Renovated in 2023; Duplex‑style end‑unit townhouse
