223 WHITE HORSE Pike Clementon, NJ 08021
MULTI_FAMILY - CLEMENTON, NJ
Property Features for 223 WHITE HORSE Pike
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 1,226 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6094
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1935
- Number of units
- 1
- Building materials
- Frame
Listing agent Daniel J Mauz License #0559622 (856) 302-4003
Listing office Keller Williams Realty - Washington Township 381 Egg Harbor Road unit: 2, Sewell, NJ (856) 582-1200
Listing date Jul 1, 2026
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Investment Insights
Based on property information with market context.
The building is located in Clementon, New Jersey, at 223 White Horse Pike (08021). Public remarks indicate the home is positioned nearby shopping, dining, and major roadways. The listing is also part of an investment portfolio that includes additional nearby addresses: 219, 221, 223, 231, and 233 White Horse Pike.
For buyers looking for flexible occupancy, the layout supports an owner-occupant scenario by living in one unit while the other remains tenant-occupied. For investors, the fact that both 1-bedroom units are already rented can simplify near-term operations. Interested parties may also consider coordinating with the broader portfolio listed in the remarks, subject to review of the other addresses and terms.
Key Highlights
- Recently renovated duplex with two 1‑bedroom units
- Both units are currently rented
- Construction: frame; heating: forced air; cooling: central air
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 | $21.0k | $17.16 |
| − Vacancy | −$1.1k | −$0.91 |
| EGI | $19.9k | $16.25 |
| − OpEx | −$6.0k | −$4.87 |
| NOI | $13.9k | $11.37 |
