114 WALNUT ST Audubon, NJ 08106
2,380 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,380 sqft
Price per Sqft $262
MLS Listing ID NJCD2104722
Style A-Frame
Abv Grd Liv Area 2,380
Year Built 1929
Annual Tax Amount $12,091
Tax Year 2025
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Duplex
Source BRIGHT
Property Description
The bottom unit spans two levels and offers four bedrooms, two and a half updated baths, a modern kitchen, a finished basement that provides additional living or flex space, and a large rear addition with direct yard access.
The top unit features a private entrance, three bedrooms, a full bath, and a finished third-floor bonus level that works perfectly for an adult child, extended family, an in-law setup, or a private workspace.
Buyers have three strong use scenarios to choose from:
Live in one unit and rent the other to offset most or all of your mortgage.
Rent both units and potentially generate $5,800 to $6,200 per month based on current Audubon rental trends for upgraded three and four bedroom homes.
Use one unit for an adult child or in-laws, giving privacy, independence, and proximity for support.
Exceptional Rental Market:
A recent two-bedroom rental in Audubon achieved $3,100 per month for 1,030 sq ft, which equals $3.01 per sq ft. Applying that same benchmark to this duplex's 2,380 sq ft suggests a potential rental value of over $7,100 per month, making the conservative rent projection of $5,800 to $6,200 both realistic and well-supported by market demand.
Strong Investment Metrics:
At projected gross rents of $69,600 to $74,400 annually, the property delivers an estimated gross rent yield of 11 to 12 percent. After standard operating expenses, the expected ROI falls in the mid-six percent range, which is exceptional for a fully renovated, low-maintenance multifamily asset in a highly desirable, walkable community.
Turnkey, modern, flexible, and with no comparable multifamily homes currently available in Audubon, this is the type of property that rarely hits the market. The listing has now been refreshed and updated, making this the perfect time to take a new look. Schedule your private showing today.
Location
State NJ
County Camden
Area Audubon Boro (20401)
Zoning R-1
Rooms
Basement Fully Finished
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplaces Number 1
Fireplace Y
Heat Source Natural Gas
Exterior
Garage Spaces 6.0
Water Access N
Accessibility Other
Total Parking Spaces 6
Garage N
Building
Above Ground Finished SqFt 2380
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Additional Building Above Grade
New Construction N
Schools
School District Audubon Public Schools
Others
Tax ID 01-00075-00006
Ownership Fee Simple
SqFt Source 2380
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
