Renovated Duplex with
For Sale
$500,000
86 Gordon Avenue, Lawrence, NJ 08648
Residential, Duplex, Lawrence, NJ
Property Size1,642 SF
Lot Size0.02 Acres
Price / SF$304.51
Days on Market23
Property Features for 86 Gordon Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning description
Neighborhood
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bathroom 3
Patio and Porch features
Deck, Patio
Interior features
Eat-in Kitchen, Recessed Lighting
Fencing
Fenced
Fireplace
1
Basement
Finished
Directions
Route 206 to Gordon ave. to 86 Gordon. duplex style townhouse. only one neighbor for each building.
Subdivision
Lawrence Sta
Standard status
Active
APN
07-06301-0000-00082-0000-C3858
Size
1,642 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8409
HOA Fee
$315 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Floors in Building
2
Flooring type
Tile, Laminate, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty
(732) 494-7700
Listed By:
Ying Gautreau
(908) 930-7062
Added: Sep 14
Changed: Oct 2
Last Checked: Oct 6 at 10:06PM
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.
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
