Duplex with Rental
1009 HESSIAN, West Deptford, NJ 08093
For Sale
$399,999
Two apartments offer distinct bedroom configurations, with an additional garage rented separately.
Property Size1,568 SF
Price / SF$255.10
Days on Market49
Property Features for 1009 HESSIAN
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Highway Access
Building Details
Year Built
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Anthony P calabrese Jr. · License #2299149
(609) 501-9289
Source:
Cummingsrealtors
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 at 6:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1940, this duplex contains two apartments: a first-floor residence with 3 bedrooms and 1 bathroom, and a second-floor residence with 2 bedrooms and 1 bathroom. A garage is also rented separately, providing another rental component. The property is described as being in good overall condition.
The property sits just off I-295, with access to major roads, shopping, dining, and surrounding areas.
The property sits just off I-295, with access to major roads, shopping, dining, and surrounding areas.
Key Highlights
- Two apartments: 3‑bedroom, 1‑bath first‑floor unit and 2‑bedroom, 1‑bath second‑floor unit
- Separately rented garage adds a distinct rental component
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,602
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
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
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 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 5.15%
Second Best
Apartment 5plus
$261.8K
$229.1K – $305.5K
NOI $18,327 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
135
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
$192,800
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Gloucester County, NJ
Properties on Market for Duplexes in Gloucester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct bedroom configurations, with an additional garage rented separately.
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 $399,999.
What are key features of this property?
This property features: Two apartments: 3‑bedroom, 1‑bath first‑floor unit and 2‑bedroom, 1‑bath second‑floor unit; Separately rented garage adds a distinct rental component; Built in 1940
