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322-324 Washington Ave, 
Laurel Springs, NJ 08021

$425,000


5

Beds


Bath


2,720

Sq Ft


Multi-Family

Pending

Listed by

Maya Felsenstein

Keller Williams Realty

Last updated:

June 16, 2025, 07:28 AM

MLS#

NJCD2091624

Source:

BRIGHTMLS

About This Home

322-324 Washington Ave

Rare Investment Opportunity: Duplex with Potential Third Unit! Don’t 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 deadbolt—making 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 property’s 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 you’re looking to house-hack or add a high-potential property to your portfolio, this one checks all the boxes!

Home Facts

Multi-Family

5 Bedrooms

Built in 1893

Price Summary

425,000

$156 per Sq. Ft.

MLS #:

NJCD2091624

Last Updated:

June 16, 2025, 07:28 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5


Structure

Structure

Architectural Style:

Colonial, Dwelling with Rental, Side-by-Side

Building Area:

2,720 Sq. Ft.

Year Built:

1893


Lot

Lot Size (Sq. Ft):

9,583


Finances & Disclosures

Finances

Price:

$425,000

Price per Sq. Ft:

$156 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright MLS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright MLS All rights reserved.

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