Duplex With Separate
New
For Sale
$414,999
1009 HESSIAN, West Deptford, NJ 08093
Multi-Family, WEST DEPTFORD, NJ
Property Size1,568 SF
Lot Size0.28 Acres
Price / SF$264.67
Days on Market2
Property Features for 1009 HESSIAN
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Driveway
Elementary school
WEST DEPTFORD
Middle school
WEST DEPTFORD
High school
WEST DEPTFORD
Elementary school district
WEST DEPTFORD TOWNSHIP PUBLIC SCHOOLS
Middle school district
WEST DEPTFORD TOWNSHIP PUBLIC SCHOOLS
High school district
WEST DEPTFORD TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
1,568 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
7548
Utilities
Heating system
Forced Air
Building Details
Year built
1940
Number of units
1
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Anthony P calabrese Jr. · License #2299149
(609) 501-9289
Added: Sep 22
Last Checked: Sep 23 at 6:06AM
MLS# NJGL2078758
Copyright © 2026 Bright MLS. 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 1,568-square-foot duplex offers two residential units within a frame-built property constructed in 1940. The first-floor residence includes 3 bedrooms and 1 bath, while the second-floor residence provides 2 bedrooms and 1 bath. A separate garage adds another usable component to the property, and the site includes driveway parking. Forced-air heating serves the building.
Set on 0.28 acres in West Deptford, New Jersey, the property is located just off I-295, with access to major roads, shopping, dining, and surrounding areas. The configuration combines two apartments with a separately rented garage in a compact multifamily asset.
Set on 0.28 acres in West Deptford, New Jersey, the property is located just off I-295, with access to major roads, shopping, dining, and surrounding areas. The configuration combines two apartments with a separately rented garage in a compact multifamily asset.
Key Highlights
- Two‑unit duplex with 1,568 square feet of building area
- 3‑bedroom, 1‑bath first‑floor unit
- 2‑bedroom, 1‑bath second‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,602
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,040
$412.0K
Cap Rate 7%
$294,314
$294.3K
Cap Rate 9%
$228,911
$228.9K
Market Conditions
NOI Build-Up for 1,568 SF
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.
Gross rent
$31.0K $19.80/SF
− Vacancy
−$1.6K −$1.03/SF
EGI
$29.4K $18.77/SF
− OpEx
−$8.8K −$5.63/SF
NOI
$20.6K $13.14/SF
Area
Gloucester County, NJ
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$412,040
Cap Rate 7%
$294,314
Cap Rate 9%
$228,911
Alternative Uses
Best Use
Multifamily LT 5
$294.3K
$257.5K – $343.4K
NOI $20,602 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$261.8K
$229.1K – $305.5K
NOI $18,327 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
91
Businesses Nearby
Explore this area
Business Placement
Demographics for 08093, NJ
9,933
Population
4,473
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
2,483
Density / Sq Mi
$70,257
Median Household Income
$41,051
Median Earnings
$1,230
Median Rent
$192,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are complemented by a separately rented garage and driveway parking.
Where is this duplex located?
The property is located at 1009 HESSIAN West Deptford, NJ.
What is the asking price?
The asking price for this property is $414,999.
What are key features of this property?
This property features: Two‑unit duplex with 1,568 square feet of building area; 3‑bedroom, 1‑bath first‑floor unit; 2‑bedroom, 1‑bath second‑floor unit
