Renovated Quadplex with In-Unit
104 GANTTOWN RD, Turnersville, NJ 08012
For Sale
$1,350,000
Four residential units offer granite countertops, cable television, and private washer/dryer equipment.
Property Size3,800 SF
Price / SF$355.26
Days on Market62
Property Features for 104 GANTTOWN RD
General Information
Standard status
Size
Property subtype
Listing Agency:
Feinberg & McBurney Realty/Development, LLC
Listed By:
Marc L. Raiken
(856) 489-8887
Source:
Keygroupmd
Added: Sep 9
Changed: Oct 26
Last Checked: Nov 8 at 5:23AM
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 Feinberg & McBurney Realty/Development, LLC
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Investment Insights
Based on property information with market context.
This 3,800-square-foot quadplex has been renovated into four residential units, creating a compact multifamily property with updated interior features. Each unit includes granite countertops, cable television, and its own washer/dryer equipment.
Located at 104 GANTTOWN RD in Turnersville, the property is in Washington Township, Gloucester County, NJ. Black Horse Pike (Route 42) and the Atlantic City Expressway provide nearby roadway access, while Philadelphia is approximately 10 miles away. A monument sign on the property may provide an additional income source.
Located at 104 GANTTOWN RD in Turnersville, the property is in Washington Township, Gloucester County, NJ. Black Horse Pike (Route 42) and the Atlantic City Expressway provide nearby roadway access, while Philadelphia is approximately 10 miles away. A monument sign on the property may provide an additional income source.
Key Highlights
- Renovated 3,800‑square‑foot quadplex with 4 residential units
- All units include granite countertops
- Private washer/dryer equipment in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,597
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,940
$1.3M
Cap Rate 7%
$908,529
$908.5K
Cap Rate 9%
$706,633
$706.6K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$97.1K $25.56/SF
− Vacancy
−$6.3K −$1.65/SF
EGI
$90.9K $23.91/SF
− OpEx
−$27.3K −$7.17/SF
NOI
$63.6K $16.74/SF
Area
Bergen County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,940
Cap Rate 7%
$908,529
Cap Rate 9%
$706,633
Alternative Uses
Best Use
Multifamily LT 5
$908.5K
$795.0K – $1.06M
NOI $63,597 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$834.8K
$730.5K – $973.9K
NOI $58,436 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$992.3K
$868.2K – $1.16M
NOI $69,458 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer granite countertops, cable television, and private washer/dryer equipment.
Where is this quadplex located?
The property is located at 104 GANTTOWN RD Turnersville, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Renovated 3,800‑square‑foot quadplex with 4 residential units; All units include granite countertops; Private washer/dryer equipment in every unit
