Laurel Springs, NJ 08021 322 Washington Avenue

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Presented By: Keller Williams Realty
  • MLS# NJCD2091624
  • 04/30/2025
  • Request Tour
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  • Beds • 5

Home Details

Rare Investment Opportunity: Duplex with Potential Third Unit! Dont miss this incredible opportunity to own an income-producing duplex with the potential to convert into a triplex! Currently configured as a duplex, the property features: Unit 1: A spacious 3-bedroom, 1.5-bath unit with private access to the basement (with laundry) and attic. The walk-up attic is currently used for storage but offers a separate exterior entrance and is secured with a deadboltmaking it a prime candidate for conversion into a third income-generating unit. Estimated rental income: $2,300/month. (Professional photos of unit 1 taken 4/29) Unit 2: A 2-bedroom, 1-bath unit that is currently tenant-occupied through November 2025, generating $1,800/month. The optional third unit (attic conversion) could bring in an estimated $900$1,000/month, significantly increasing the propertys income potential. Both units share a charming front porch, rear yard and Unit 1 has a separate enclosed porch entry to their private living spaces as well as each having separate back porches. Utilities are separately metered, except for heat, which is paid by the owner and included in the rent. Photos of Unit 2 have been provided by the seller. Whether youre looking to house-hack or add a high-potential property to your portfolio, this one checks all the boxes!
Presented By: Keller Williams Realty

Interior Features for 322 Washington Avenue

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceAssessor
BasementInterior Access
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Interior AmenitiesAttic, Carpet, Ceiling Fan(s), Floor Plan - Traditional, Kitchen - Table Space, Dining Area

General for 322 Washington Avenue

AccessibilityNone
Architectural StyleColonial, Dwelling with Rental, Side-by-Side
CityLAUREL SPRINGS
Construction MaterialsFrame
Cool FuelElectric
CoolingWindow Unit(s), Ceiling Fan(s)
CountyCAMDEN
Directions.
DisclosuresNone
ExclusionsTenant Property in both units.
Garage Y/NNo
HeatingForced Air
Lease TypeYearly
Lot Size Square Feet9374.00
Lot Size UnitsSquare Feet
MLS AreaLaurel Springs Boro (20420)
ModificationTimestamp2025-05-01T00:31:52
MunicipalityLAUREL SPRINGS BORO
New ConstructionNo
Number Of Units Total1
Number of Units Leased1
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2
OwnerPaysHeat, Taxes - Real Estate
OwnershipFee Simple
Patio/Porch FeaturesPorch(es)
PossessionSubject to Home Choice, Subject to Existing Lease, 31-60 Days CD
Price Per Sq Ft Total AG156.25
Property SubtypeDuplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictSTERLING HIGH
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Tax Annual Amount11116.0
Tax Assessed Value199800.0
Tax Lot00002 01
Tax Year2024
Total Actual Rent21600.00
Total SQFT2720
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1893
Year Built SourceAssessor
ZoningRESIDENTIAL

Exterior for 322 Washington Avenue

Exterior AmenitiesSidewalks
Foundation DetailsOther
Inclusionsexisting appliances (Washer dryer in basement negotiable - excluded initially), light fixtures
Land Assessed Value37800.00
Land Use Code
Lot Dimensions75.00 x 125.00
Lot Size Acres0.22
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesCrushed Stone, Gravel Driveway
PoolNo Pool
Total Parking Spaces1
Type of ParkingDriveway, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $425,000
MLS#NJCD2091624
List Date 04/30/2025
Property Type Multi-Family
Phone 703.929.4729
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