Historic Colonial with Professional Office

MULLICA HILL, NJ 08062 Mullica Hill, NJ 08062

Claim this Listing
For Sale
$949,900

SINGLE_FAMILY - MULLICA HILL, NJ

Property size:
6,514 SF
Price / SF:
$145/SF
Added:
Nov 25, 2024
Days on Market:
592
Last Refresh:
Jul 10 at 9:06 pm

Property Features

General Information

Property type
Residential
Property subtype
Other
Standard status
Active
Size
6,514 SF

Building Details

Year built
1800

Listing agent Patricia Settar

Listing office BHHS Fox & Roach Mullica Hill NJ

Listing date Nov 25, 2024

MLS# NJGL2050398

Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.

A circa 1860 historic Colonial listed on the National Historic Register, presented as a multi-use property with both professional and residential components. The first floor offers approximately 1,820 square feet of professional office space currently available, featuring wide plank wood floors, elegant moldings, built-ins, multiple private offices, private conference rooms, and a kitchen, with radiant gas heat. The office includes front and rear covered porches for access and ample off-street parking for clients and staff.

Upstairs, the building includes three residential units with private access through a shared hallway or a covered deck. The second-floor apartment is approximately 745 square feet and includes a spacious living room, an updated bedroom, and a full bath with stall shower. A freshly updated studio apartment of about 745 square feet is currently used as a media room with a full bath, new carpeting, and fresh paint. The third-floor unit spans about 705 square feet with a bedroom, full bath, living room, dining area, kitchen, and a private deck. At the rear, there is also a private cottage and a two-story historic barn built in 1860, which is currently leased and includes three large open rooms, built-ins, and a professionally waterproofed basement, along with a metal roof and semi-split heating and air.

The property totals approximately 6,514 square feet on about 0.83 acres and is located within an active Main Street business corridor in Mullica Hill. Current leasing includes residential units and the barn/cottage, while the first-floor office is available for an owner-occupant or professional user seeking a self-contained workplace with direct porch access and client parking. The overall structure is positioned for tenants or investors looking for a combined professional space and diversified rental setup, with stated annual lease agreements totaling $103,800.

Key Highlights

  • Fully rented income‑producing historic multi‑use property with annual lease agreements totaling $103,800/year
  • 1,820 SF first‑floor professional office space available now; wide plank wood floors, built‑ins, kitchen, private offices, and conference rooms
  • Upstairs includes 3 residential units with private access: 745 SF 2nd‑floor 1BR/1BA; 3rd‑floor 705 SF unit with deck; plus updated 2nd‑floor studio/media room

Local Financial Insights For Apartment 5plus

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 $147.0k $22.56
− Vacancy −$8.5k −$1.31
EGI $138.4k $21.25
− OpEx −$62.3k −$9.56
NOI $76.1k $11.69
6,514 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Office B
$1.47M
$1.28M – $1.71M (±1% cap)
NOI $102,727 @ 7.0% cap · market cap 10.81%
Second Best
Multifamily LT 5
$1.22M
$1.07M – $1.43M (±1% cap)
NOI $85,589 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$2.19M
$1.92M – $2.55M (±1% cap)
NOI $153,273 @ 7.0% cap · market cap 16.14%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Office Units

FAQs

What type of property is this?
Office units - Multi-use historic building with a move-in-ready first-floor office and income-producing residential and barn space.
Where is this office units located?
The property is located at Mullica Hill, NJ.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: Fully rented income‑producing historic multi‑use property with annual lease agreements totaling $103,800/year; 1,820 SF first‑floor professional office space available now; wide plank wood floors, built‑ins, kitchen, private offices, and conference rooms; Upstairs includes 3 residential units with private access: 745 SF 2nd‑floor 1BR/1BA; 3rd‑floor 705 SF unit with deck; plus updated 2nd‑floor studio/media room
Contact an agent
More about this property
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