2 W Cedar Ave Oaklyn, NJ 08107
Estimated payment $2,300/month
About This Home
This fully rented multifamily in Oaklyn, NJ, features 4 bedrooms, 2 bathrooms, and 1,778 sqft across two units. The first-floor unit has 2 beds/1 bath with basement access, while the second-floor unit includes 2 beds/1 bath with a third-floor walk-up. The property generates $3,050/month in rental income (Unit 1: $1,300 | Unit 2: $1,750). Built in 1910, it has stable tenants in place. With a strong rental market and long-term appreciation potential, this property presents a valuable opportunity in a desirable location.
Tenants have been on multi year leases. Unit 1 lease ends 7/31/25 and Unit 2 lease ends 8/31/25.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,482
Year Built
- Built in 1910
Lot Details
- 4,439 Sq Ft Lot
- Lot Dimensions are 40.00 x 111.00
Parking
- Driveway
Home Design
- 1,778 Sq Ft Home
- Duplex
- Frame Construction
- Asphalt Roof
Kitchen
- Stove
- Dishwasher
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Natural Gas Water Heater
Additional Features
- Unfinished Basement
Community Details
- Operating Expense $25,678
- Net Operating Income $8,122
Listing and Financial Details
- Tax Lot 00005
- Assessor Parcel Number 26-00061-00005
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,482 | $160,500 | $42,600 | $117,900 |
| 2024 | $8,181 | $160,500 | $42,600 | $117,900 |
| 2023 | $8,181 | $160,500 | $42,600 | $117,900 |
| 2022 | $7,770 | $160,500 | $42,600 | $117,900 |
| 2021 | $7,608 | $160,500 | $42,600 | $117,900 |
| 2020 | $7,497 | $160,500 | $42,600 | $117,900 |
| 2019 | $7,255 | $160,500 | $42,600 | $117,900 |
| 2018 | $7,141 | $160,500 | $42,600 | $117,900 |
| 2017 | $6,993 | $160,500 | $42,600 | $117,900 |
| 2016 | $6,913 | $160,500 | $42,600 | $117,900 |
| 2015 | $6,784 | $160,500 | $42,600 | $117,900 |
| 2014 | $6,531 | $160,500 | $42,600 | $117,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/27/2025 02/27/25 | Price Changed | $299,000 | -5.1% | $168 / Sq Ft |
| 02/05/2025 02/05/25 | For Sale | $315,000 | +133.3% | $177 / Sq Ft |
| 07/26/2019 07/26/19 | Sold | $135,000 | -9.4% | $76 / Sq Ft |
| 05/02/2019 05/02/19 | Pending | -- | -- | -- |
| 04/14/2019 04/14/19 | For Sale | $149,000 | -- | $84 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Foundation Title | |
| Deed | $135,000 | All Pro Title Group Llc | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $170,000 | -- | |
| Deed | $210,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $161,250 | New Conventional | |
| Previous Owner | $101,250 | New Conventional | |
| Previous Owner | $0 | No Value Available | |
| Previous Owner | $179,000 | New Conventional | |
| Previous Owner | $170,000 | New Conventional | |
| Previous Owner | $210,000 | No Value Available |
Source: Bright MLS
MLS Number: NJCD2084950
APN: 26-00061-0000-00005
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