BEDS0
BATHS
SQUARE FEET2,380
MLS#NJCD2108372
STATUSPENDING
PROPERTY TYPEMulti Unit - Multiple
SCHOOLAUDUBON PUBLIC SCHOOLS
Property Description
Fully renovated turnkey duplex in the heart of Audubon. This is a rare opportunity in a town where multifamily homes are almost never available. Both units have been upgraded with modern finishes, smart layouts, and updated systems, making this property ideal for house hackers, investors, or multi generational buyers. 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Fully Finished
Basement: Yes
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Central
Home Style: A-Frame
Lot Size: 0.31 Acres
Taxes: $12,091
Year Built: 1929
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 59
Exterior: Frame
Lot Dimensions: 0.31 Acre(S)
Municipality: AUDUBON BORO
Number of Rooms: 5
Sewer: Public Sewer
Structure Type: Other
Three Bedroom Units: 2
Total Garage/Parking Spaces: 6
Units: 1
Water: Public
Local Schools
School District: AUDUBON PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty - Moorestown
Agency Phone: 8563161100
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 2,580.83 per month $1,390.96 Principal & Interest $1,007.58 Property Tax $182.29 Homeowner's InsuranceChange Payment Information
114 Walnut Street | MLS# NJCD2108372
This multi-family property located at 114 Walnut Street, Audubon, NJ 08106 is currently listed for sale with an asking price of $624,990. Walnut Street is located within the AUDUBON PUBLIC SCHOOLS school district. Search Audubon real estate on www.realtymarkllc.com today.