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    9903 2nd Stone Harbor, NJ 08247

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    For Sale
    $3,595,000

    Duplex - Stone Harbor, NJ

    Type:Duplex
    Added:
    May 11, 2025
    Days on Market:
    345
    Last Refresh:
    Apr 20 at 12:06 am

    Property Features for 9903 2nd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    Res B
    Rooms
    Basement, Kitchen, Laundry, Living Room, Utility Room
    Parking
    2
    Patio and Porch features
    Patio
    Pool private
    1
    Exterior features
    Patio, Fenced Yard, Outside Shower, Pool
    Fencing
    Fenced
    Basement Y/N
    1
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    9001.54

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1972
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Jones

    Listing agent Jeremy Jones License #1435169

    Listing office Coldwell Banker James C Otton Real Estate 9626 2nd Avenue, NJ

    Listing date May 11, 2025

    MLS# 251387 Listing URL

    Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stone Harbor Duplex with Pool

    This multi-family property is located in the heart of Stone Harbor. The property features a total of 6 bedrooms and 4 baths across two units. Each unit offers 3 bedrooms and 2 baths with a townhouse-style layout. The first level of each unit includes a kitchen, living space, dining area, a bedroom, and a full bath. The second floor features two additional bedrooms and a hall bath, along with a balcony accessible from one of the bedrooms in each unit. Parking is available for two vehicles per unit. Shared amenities include an outside shower, an additional rinsing station, and a newly installed heated swimming pool. Condo documents are in place, reflecting independent units. The property has an established rental history and is located within walking distance of the town and the beach.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Stone Harbor
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.7607284
    Latitude
    39.0514087

    FAQs

    What type of property is this?
    Duplex - Multi-family property in the heart of Stone Harbor with pool.
    Where is this duplex located?
    The property is located at 9903 2nd Stone Harbor, NJ.
    What is the asking price?
    The asking price for this property is $3,595,000.
    What are key features of this property?
    This property features: Least expensive 6 bedroom and 4 bath property in Stone Harbor.; Multi‑family duplex in central Stone Harbor location, walkable to town and beach.; **Newly installed LARGE private heated swimming pool.**
    (609) 675-4609
    We can help!
    Listing Contact
    Jeremy Jones
    Real Estate License ID: 1435169
    Learn More
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    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
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