Duplex with Renovated Upstairs
101 2ND Street Swedesboro, NJ 08085
101 2ND Street, Swedesboro, NJ, 08085
$365,000
For Sale
$365,000
MULTI_FAMILY - SWEDESBORO, NJ
Property Size1,775 SF
Lot Size0.18 Acres
Price / SF$205.63
Days on Market42
Property Features for 101 2ND Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Driveway
- Appliances
- Refrigerator, Oven/Range - Gas
- Standard status
- Active
- Size
- 1,775 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6480
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Number of units
- 1
- Building materials
- Frame
Listing agency
Keller Williams - Main Street
(856) 858-2200
Listed by
Austin Nicholas Wuest · License #2559604
(856) 341-2695
Added: Jun 11 Updated: Jul 8 at 8:17PM Checked: Jul 22 at 1:06PM
MLS# NJGL2074502
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes two separate residential units with distinct layouts and bedroom/bath configurations. The first-floor unit has three bedrooms and one full bathroom and is currently occupied under a month-to-month lease, rented for $1,286 per month. The upper unit is vacant and described as cosmetically renovated, offering a one-bedroom, one-bath layout ready for a new occupant. The property totals 1,775 square feet and sits on a 0.1818-acre lot.
Located at 101 2ND Street in Swedesboro, New Jersey, the home is presented as an investment option in Gloucester County. The listing materials note that the current HUD Fair Market Rent for a 3-bedroom unit in ZIP code 08085 is $2,850 per month.
For tenants, the mix of a currently rented unit and a ready-to-lease renovated unit can support faster occupancy planning. For buyers, the structure can accommodate a hands-on owner-occupant scenario where the upstairs unit becomes the residence while the downstairs unit remains an income source, or an investor approach to lease both units concurrently. The property is offered for sale at $365,000 with a showing scheduled upon request.
Located at 101 2ND Street in Swedesboro, New Jersey, the home is presented as an investment option in Gloucester County. The listing materials note that the current HUD Fair Market Rent for a 3-bedroom unit in ZIP code 08085 is $2,850 per month.
For tenants, the mix of a currently rented unit and a ready-to-lease renovated unit can support faster occupancy planning. For buyers, the structure can accommodate a hands-on owner-occupant scenario where the upstairs unit becomes the residence while the downstairs unit remains an income source, or an investor approach to lease both units concurrently. The property is offered for sale at $365,000 with a showing scheduled upon request.
Key Highlights
- Duplex in Swedesboro built in 1950 with frame construction
- First‑floor unit: 3 bedrooms, 1 full bath, currently occupied and rented for $1,286/month on a MTM lease
- Upper unit: 1‑bedroom, 1‑bath layout, currently vacant
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $19.80 |
| − Vacancy | −$1.8k | −$1.03 |
| EGI | $33.3k | $18.77 |
| − OpEx | −$10.0k | −$5.63 |
| NOI | $23.3k | $13.14 |
1,775 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,322 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$296.4K
$259.3K – $345.8K
NOI $20,747 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$596.6K
$522.1K – $696.1K
NOI $41,765 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers an occupied 3-bedroom unit and a cosmetically renovated vacant 1-bedroom unit for immediate leasing flexibility.
Where is this duplex located?
The property is located at 101 2ND Street Swedesboro, NJ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Duplex in Swedesboro built in 1950 with frame construction; First‑floor unit: 3 bedrooms, 1 full bath, currently occupied and rented for $1,286/month on a MTM lease; Upper unit: 1‑bedroom, 1‑bath layout, currently vacant
