Attached Townhome with Large
FLORENCE, NJ 08518 Florence, NJ 08518
Florence, NJ, 08518
$238,888
For Sale
Under Contract
$238,888
SINGLE_FAMILY - FLORENCE, NJ
Property Size924 SF
Price / SF$258.54
Days on Market61
Property Features
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Bedroom 2, Bedroom 1
- Standard status
- Active Under Contract
- Size
- 924 SF
Building Details
- Year built
- 1900
Listing Agency
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center
(856) 810-5300
NJ
Listed by
Jonathan Benstead · License #2296861
Added: May 18 Checked: Jul 17 at 11:06 pm
MLS# NJBL2112280
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 well-maintained attached townhome offers 2 bedrooms and 1 full bathroom. The home features central air conditioning and gas heat, along with a washer and dryer located in the basement. Outside, there is a large backyard, and the property also provides convenient onsite street parking.
The property is located in Florence, NJ, near I-295 and the New Jersey Turnpike, providing access toward Philadelphia, PA and nearby major commuter routes.
It is currently utilized as an investment property and was previously rented for $1,750 per month. The listing is presented as an opportunity for both investors and owner-occupants, with the home ready for year-round comfort.
The property is located in Florence, NJ, near I-295 and the New Jersey Turnpike, providing access toward Philadelphia, PA and nearby major commuter routes.
It is currently utilized as an investment property and was previously rented for $1,750 per month. The listing is presented as an opportunity for both investors and owner-occupants, with the home ready for year-round comfort.
Key Highlights
- 1900‑built attached townhome with 2 bedrooms and 1 full bathroom
- Central air conditioning plus gas heat for year‑round comfort
- Washer and dryer located in the basement
Local 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 | $20.0k | $21.60 |
| − Vacancy | −$1.0k | −$1.13 |
| EGI | $18.9k | $20.47 |
| − OpEx | −$5.7k | −$6.14 |
| NOI | $13.2k | $14.33 |
924 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$189.2K
$165.5K – $220.7K
NOI $13,242 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$172.9K
$151.3K – $201.7K
NOI $12,102 @ 7.0% cap · market cap 5.07%
Theoretical Best
Warehouse
$1.93M
$1.69M – $2.25M
NOI $135,277 @ 7.0% cap · market cap 56.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained attached townhome with central air, gas heat, basement washer/dryer, and a large backyard.
Where is this duplex located?
The property is located at Florence, NJ.
What is the asking price?
The asking price for this property is $238,888.
What are key features of this property?
This property features: 1900‑built attached townhome with 2 bedrooms and 1 full bathroom; Central air conditioning plus gas heat for year‑round comfort; Washer and dryer located in the basement
