1. New Jersey
2. Laurel Springs
3. 322-324 WASHINGTON AVENUE

322-324 WASHINGTON AVENUE, Laurel Springs, NJ 08021

• 2,720 sqft

Property Description

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!

Listing Status:

Pending

Date Added:

May 29, 2025 at 05:00AM

Listing Office:

Keller Williams Realty : 8563211212

Listing Agent:

Maya Felsenstein : 5617977899

MLS ID:

NJCD2091624

Interior

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Lot

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This listing courtesy of Maya Felsenstein, Keller Williams Realty