Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    25 W Pierson Ave Somers Point, NJ 08244

    View on Map
    Sponsored
    For Sale
    $619,000

    Triplex - Somers Point, NJ

    Type:Triplex
    Days on Market:
    45
    Last Refresh:
    Mar 19 at 10:06 am

    Property Features for 25 W Pierson Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Basement
    Basement Y/N
    1

    Utilities

    Heating system
    Baseboard

    Building Details

    Number of units
    3
    Building materials
    Cedar

    We can help!

    Listing Contact
    Mark Benevento

    Compass New Jersey-Ocean City (609) 322-7390

    Listing agent Mark Benevento, II (609) 322-7390 License #2336427

    Listing date Feb 2, 2026

    MLS# 602986 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Somers Point Triplex Investment Opportunity

    Located on a quiet, desirable block near the local school, this property at 25 W Pierson is a triplex featuring three units. The layout includes a spacious three-bedroom, two-bathroom unit, a one-bedroom, one-bathroom unit, and a detached two-bedroom, one-bathroom cottage. The property generates over $60,000 in annual income. With light updates and repositioning, projected rents could reach nearly $70,000 annually. The location, walkability, and stable tenant base contribute to the ease of leasing the units. This property offers income, location, and long-term growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Somers Point
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5894363
    Latitude
    39.3235547

    Nearby Similar for Sale

    • New
      $595,000
      2,688 SF

      Prime Commercial Building on Shore Road

      Highly visible commercial building near Shore Medical Center and Ocean City.
      717 Shore Rd, Somers Point, NJ 08244
      View Details
    • New
      $595,000
      2,688 SF

      Prime Commercial Building on Shore Road

      2,688 SF commercial building in Somers Point, NJ for sale.
      717 Shore Rd, Somers Point, NJ 08244
      View Details
    • $649,000
      3,000 SF

      Somers Point Professional Office Building

      Professional office building near Shore Medical Center in Somers Point.
      647 Shore Rd, Somers Point, NJ 08244
      View Details
    • $999,900
      2,800 SF

      Turnkey Brewery in Somers Point

      Thriving craft brewery for sale near Ocean City.
      705 W New York Ave, Somers Point, NJ 08244
      View Details
    • $549,900
      3,099 SF

      Prime Commercial Property, Somers Point

      Highly visible commercial property with flexible space in Somers Point, NJ.
      98 New Rd, Somers Point, NJ 08244
      View Details
    • $549,900

      Somers Point Commercial Corner Property

      Prime commercial property with flexible space in high-traffic Somers Point.
      98 New Rd, Somers Point, NJ 08244
      View Details
    • $549,900
      0.51 Acres

      Prime Commercial Property, Somers Point

      Highly visible commercial property with flexible space in Somers Point, NJ.
      98 New Rd, Somers Point, NJ 08244
      View Details
    • $549,900

      Prime Somers Point Commercial Property

      Highly visible commercial property with flexible space in Somers Point, NJ.
      98 New Rd, Somers Point, NJ 08244
      View Details
    • $549,900

      Prime Somers Point Mixed-Use Property

      High-visibility commercial property with flexible space in Somers Point, NJ.
      98 New Rd, Somers Point, NJ 08244
      View Details
    • Contact for pricing
      0.31 Acres

      Medical/Professional Office Space Available

      Versatile office space in growing healthcare corridor.
      803 New Rd, Somers Point, NJ 08244
      View Details
    • $1,995,000

      Professional/Medical Building Near Shore Medical

      Multi-tenant building with space for owner/user near Shore Medical.
      110 Harbor Ln, Somers Point, NJ 08244
      View Details
    • New
      $799,900

      Somers Point Legal Duplex

      Legal duplex in downtown Somers Point with mixed-use zoning.
      820-822 Shore Rd, Somers Point, NJ 08244
      View Details

    FAQs

    What type of property is this?
    Triplex - High-performing triplex with strong rental income and growth potential.
    Where is this triplex located?
    The property is located at 25 W Pierson Ave Somers Point, NJ.
    What is the asking price?
    The asking price for this property is $619,000.
    What are key features of this property?
    This property features: - High-performing triplex generating over $60,000 in annual income.; - Value-add opportunity with projected rents reaching nearly $70,000 annually.; - Prime location on a quiet, desirable block near the local school.
    (609) 402-1906
    Request Owner's contact information
    25 W Pierson Ave Somers Point, NJ 08244
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    25 W Pierson Ave
    Somers Point, NJ 08244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    25 W Pierson Ave Somers Point, NJ 08244
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark Benevento
    Real Estate License ID: 2336427
    (609) 402-1906 (866) 201-6210 (609) 322-7390
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!