Two-Unit Duplex
101 2nd Street Swedesboro, NJ 08085
101 2nd Street, Swedesboro, NJ, 08085
$365,000
For Sale
$365,000
Duplex with a leased 3-bedroom/1-bath first unit and a vacant cosmetically renovated 1-bedroom/1-bath upper unit.
Property Size1,775 SF
Price / SF$205.63
Days on Market56
Property Features for 101 2nd Street
General Information
- Standard status
- Active
- Size
- 1,775 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing agency
Keller Williams - Main Street
(856) 341-2695
Listed by
Austin Nicholas Wuest · License #2559604
(856) 341-2695
Source
Compass
Added: May 28 Updated: Jul 22 at 6:16PM Checked: Jul 22 at 6:16PM
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.
This duplex includes two separate residential units. The first-floor unit has 3 bedrooms and 1 full bath and is currently occupied and rented on a month-to-month basis. The upper unit is a 1-bedroom, 1-bath layout and is currently vacant, with the listing noting it has been cosmetically renovated.
The property is located in Swedesboro, Gloucester County, within the Kingsway Regional High School district. The listing highlights a 3-bedroom HUD Fair Market Rent figure for ZIP code 08085.
With one unit producing current rental income and the other ready for occupancy, the property is positioned for either continued tenancy of the first unit and leasing of the upper unit, or owner occupancy of one unit while renting the other.
The property is located in Swedesboro, Gloucester County, within the Kingsway Regional High School district. The listing highlights a 3-bedroom HUD Fair Market Rent figure for ZIP code 08085.
With one unit producing current rental income and the other ready for occupancy, the property is positioned for either continued tenancy of the first unit and leasing of the upper unit, or owner occupancy of one unit while renting the other.
Key Highlights
- Duplex in Swedesboro: first‑floor 3 bed/1 full bath unit is occupied on MTM lease
- First‑unit rental income: $1,286 per month on month‑to‑month terms
- Upper unit is vacant and a cosmetically renovated 1 bed/1 bath layout
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 | $35.1k | $19.80 |
| − Vacancy | −$1.8k | −$1.03 |
| EGI | $33.3k | $18.77 |
| − OpEx | −$10.0k | −$5.63 |
| NOI | $23.3k | $13.14 |
1,775 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,322 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$296.4K
$259.3K – $345.8K
NOI $20,747 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$596.6K
$522.1K – $696.1K
NOI $41,765 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with a leased 3-bedroom/1-bath first unit and a vacant cosmetically renovated 1-bedroom/1-bath upper unit.
Where is this duplex located?
The property is located at 101 2nd Street Swedesboro, NJ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Duplex in Swedesboro: first‑floor 3 bed/1 full bath unit is occupied on MTM lease; First‑unit rental income: $1,286 per month on month‑to‑month terms; Upper unit is vacant and a cosmetically renovated 1 bed/1 bath layout
