Renovated Duplex with Two
For Sale
$350,000
101 2nd St, Swedesboro, NJ 08085
Two-unit residential property with an occupied lower apartment and a cosmetically renovated upper residence.
Property Size1,775 SF
Price / SF$197.18
Days on Market15
Property Features for 101 2nd St
General Information
Standard status
Active
Size
1,775 SF
Property subtype
Multi-Family
Building Details
Year Built
1950
Listing Agency:
Keller Williams - Main Street
(609) 232-2056
Listed By:
Austin Nicholas Wuest · License #2559604
Source:
Danmauz
Added: Aug 16
Changed: Aug 29
Last Checked: Aug 29 at 1:23PM
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 - Main Street
Investment Insights
Based on property information with market context.
Built in 1950, this duplex contains two separate residential units with distinct layouts. The lower apartment offers three bedrooms and one full bathroom and is occupied under a month-to-month lease. The upper residence is vacant and has been cosmetically renovated, with one bedroom and one bathroom.
The property is located at 101 2nd St in Swedesboro, New Jersey, within ZIP code 08085. Its combination of an existing occupied unit and an updated vacant unit provides flexibility for an owner-occupant or a buyer seeking a two-unit residential property.
The property is located at 101 2nd St in Swedesboro, New Jersey, within ZIP code 08085. Its combination of an existing occupied unit and an updated vacant unit provides flexibility for an owner-occupant or a buyer seeking a two-unit residential property.
Key Highlights
- Two‑unit duplex at 101 2nd St, Swedesboro, NJ 08085
- Built in 1950
- Lower unit includes 3 bedrooms and 1 full bathroom
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
$23,322
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
6.66%
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%
$466,440
$466.4K
Cap Rate 7%
$333,171
$333.2K
Cap Rate 9%
$259,133
$259.1K
Market Conditions
NOI Build-Up for 1,775 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
$35.1K $19.80/SF
− Vacancy
−$1.8K −$1.03/SF
EGI
$33.3K $18.77/SF
− OpEx
−$10.0K −$5.63/SF
NOI
$23.3K $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%
$466,440
Cap Rate 7%
$333,171
Cap Rate 9%
$259,133
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,322 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$296.4K
$259.3K – $345.8K
NOI $20,747 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$596.6K
$522.1K – $696.1K
NOI $41,765 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 08085, NJ
21,274
Population
7,424
Households
2.9
Avg Household Size
38
Median Age
46%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
478
Density / Sq Mi
$137,028
Median Household Income
$62,121
Median Earnings
$1,856
Median Rent
$351,000
Median Home Value
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-unit residential property with an occupied lower apartment and a cosmetically renovated upper residence.
Where is this duplex located?
The property is located at 101 2nd St Swedesboro, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex at 101 2nd St, Swedesboro, NJ 08085; Built in 1950; Lower unit includes 3 bedrooms and 1 full bathroom
