Two-Unit Duplex with Separate
1002 W FRONT STREET Florence, NJ 08518
For Sale
$388,888
MULTI_FAMILY - FLORENCE, NJ
Property Size1,689 SF
Price / SF$230.25
Days on Market68
Property Features for 1002 W FRONT STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Standard status
- Active
- Size
- 1,689 SF
Building Details
- Year built
- 1922
Listing Agency:
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center
(856) 810-5300
Listed By:
Jonathan Benstead · License #2296861
Added: May 18
Changed: Jul 23
Last Checked: Jul 24 at 2:06AM
MLS# NJBL2112282
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.
This two-unit duplex offers a practical layout for owner-occupants or investors, with both units configured as two-bedroom, one-bath residences. The upstairs unit is currently occupied by a long-term tenant, while the downstairs unit is vacant and ready for occupancy or new rental income. Separate utilities support individual unit operation.
The property includes a full basement with storage and washer/dryer access, along with a front porch and rear parking on a large lot. Location is convenient for commuting, with proximity to I-295 and the NJ Turnpike.
Overall, the building provides independent unit functionality, dedicated laundry access in the basement, and on-site parking to support everyday tenant needs.
The property includes a full basement with storage and washer/dryer access, along with a front porch and rear parking on a large lot. Location is convenient for commuting, with proximity to I-295 and the NJ Turnpike.
Overall, the building provides independent unit functionality, dedicated laundry access in the basement, and on-site parking to support everyday tenant needs.
Key Highlights
- 2‑unit duplex (built 1922) at 1002 W Front Street, Florence, NJ
- Upstairs 2BR/1BA is tenant‑occupied at $1,400/month; downstairs 2BR/1BA is vacant and ready to rent or occupy
- Separate utilities for each unit
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 | $36.5k | $21.60 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $34.6k | $20.47 |
| − OpEx | −$10.4k | −$6.14 |
| NOI | $24.2k | $14.33 |
1,689 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.4K
NOI $24,205 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$316.0K
$276.5K – $368.7K
NOI $22,122 @ 7.0% cap · market cap 5.69%
Theoretical Best
Warehouse
$3.53M
$3.09M – $4.12M
NOI $247,276 @ 7.0% cap · market cap 63.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex features two 2-bedroom, 1-bath units, separate utilities, a full basement with washer/dryer access, and rear parking.
Where is this duplex located?
The property is located at 1002 W FRONT STREET Florence, NJ.
What is the asking price?
The asking price for this property is $388,888.
What are key features of this property?
This property features: 2‑unit duplex (built 1922) at 1002 W Front Street, Florence, NJ; Upstairs 2BR/1BA is tenant‑occupied at $1,400/month; downstairs 2BR/1BA is vacant and ready to rent or occupy; Separate utilities for each unit
