Ventnor, NJ 08406 Ventnor, NJ 08406
MULTI_FAMILY - Ventnor, NJ
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- Size
- 3,000 SF
Building Details
- Year built
- 1912
Listing agent Judi Cohen License #9808071 (609) 513-2303
Listing office BHHS Fox & Roach Margate NJ
Listing date Mar 31, 2026
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Investment Insights
Based on property information with market context.
A garden-level one-bedroom apartment adds an additional unit within the property. The listing is positioned in Ventnor, described as being in the North Beach area and approximately one block from the beach and boardwalk.
Overall, the layout combines a larger primary residence configuration with a separate one-bedroom unit, creating a practical setup for multifamily use.
Key Highlights
- 1912 three‑story Victorian with 7 bedrooms in Ventnor North Beach
- Multi‑family layout with a garden level 1‑bedroom apartment for added rental income
- Classic front porch plus a private back deck and yard
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 | $52.2k | $17.40 |
| − Vacancy | −$3.4k | −$1.13 |
| EGI | $48.8k | $16.27 |
| − OpEx | −$14.6k | −$4.88 |
| NOI | $34.2k | $11.39 |
