Location, Location, Location! Exceptional investment opportunity in the heart of Moorestown’s sought-after Town Center! Welcome to 357 W. 2nd Street, a beautifully renovated duplex blending historic charm with modern convenience in a community known for its award-winning schools. This turnkey investment offers a potential gross annual rental income of $57,000. Unit 1, a 2-bedroom, 1-bath unit, recently became vacant with a rental potential of $2,150/month+, while Unit 2, a 3-bedroom, 1-bath unit, is currently leased at $2,600/month. Ideal for investors or owner-occupants looking to live in one unit while generating rental income from the other!
Enjoy the charm of the new wraparound porch overlooking the public memorial park directly across the street. Just around the corner, the Perkins Center for the Arts offers summer concerts, exhibitions, and music and art classes.
Unit 2 features original hardwood floors, spacious living and dining areas, and a convenient new laundry room adjacent to the living room. The modern kitchen boasts white cabinetry, and stainless steel appliances. A beautifully renovated full bathroom, two additional upstairs bedrooms with new carpeting, and a large storage room complete the upper level.
Unit 1 offers a separate side entrance leading into a spacious living and dining area, a modern kitchen, and access to a side porch—perfect for relaxing outdoors. A two-car attached garage is included with Unit 1.The large backyard provides plenty of space for gardening, entertaining, and summer barbecues.
Renovated Units (2024) Original Slate roof was repaired and restored in 2025. Front porch roof, porch decking, are new (2026). All new replacement windows. Back side porch was renovated in 2026. Both sets of steps in back of house have been repaired (2026).
Whether you’re looking to expand your investment portfolio or own a property in one of Moorestown’s most desirable locations, this renovated duplex offers outstanding potential just steps from the shops, dining, and amenities of Town Center!
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Listing Snapshot
Price
$649,900
Days On Site
14 Days
Bedrooms
5
Inside Area (SqFt)
2,095 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.32 Acres
Year Built
1900
MLS Number
NJBL2123356
Status
Active
Property Tax
$7,743
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Invite
Recent Activity
4 days ago
Listing updated with changes from the MLS
a week ago
Status changed to Active
2 weeks ago
Listing first seen on site
General Features
Acres
0.32
Attached Garage
Yes
Foundation
Stone
Garage
Yes
Garage Spaces
2
Parking
AsphaltGarageDrivewayAttached
Parking Spaces
6
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2095
SqFt Total
2095
Style
Victorian
Utilities
Cable Available
Water Source
Public
Zoning
RESIDENTIAL
Interior Features
Appliances
Gas RangeGas OvenGas Water HeaterRefrigeratorDishwasherStainless Steel Appliance(s)Dryer