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Two-Unit Duplex Residential Income

105 DELAP Court Pemberton, NJ 08068

New
105 DELAP Court, Pemberton, NJ, 08068
$250,000
For Sale
Claim this Listing
$250,000

MULTI_FAMILY - Rambler - PEMBERTON, NJ

Property Size705 SF
Lot Size0.47 Acres
Price / SF$354.61
AddedJul 8
Days on Market7
Last RefreshJul 14 at 9:06 pm

Property Features for 105 DELAP Court

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Driveway, On Street
Interior features
Attic, Bathroom - Tub Shower, Bathroom - Walk-In Shower, Kitchen - Eat-In
Appliances
Oven/Range - Gas, Refrigerator, Washer, Water Heater - High-Efficiency
Standard status
Active
Size
705 SF
Lot size
0.47 Acres

Taxes and HOA fees

Tax Annual Amount
3070

Utilities

Heating system
Forced Air
Cooling system
Window Unit(s)

Building Details

Year built
1957
Number of units
2
Building materials
Vinyl Siding
Architectural style
Rambler

Listing agent Karen I Tilley License #1004700

Listing office Century 21 Alliance-Moorestown 704 E Main Street unit: K, Mount Laurel, NJ

Listing date Jul 8, 2026

MLS# NJBL2114940 Listing URL

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 duplex is being sold together as a two-unit property. Both units feature 2 bedrooms and 1 bathroom and are described as being in excellent condition, inside and out, with laminated flooring and stone tile in each bathroom. Kitchens include newer cabinets and ceiling fans, and each unit has its own laundry room with a washer and sink. Additional outside storage is available for each unit, and the property includes a large backyard for outdoor use.

The duplex is located at 105–107 Delap Court in Pemberton, New Jersey. The seller states the property is being conveyed strictly as-is and will make no repairs related to inspection or lender-required repairs.

The seller will obtain the Certificate of Occupancy and Fire Cert. No more showings are available, and offers are due by 5:00 PM on Monday 6/13.

Key Highlights

  • Duplex (105–107 Delap CT) sold together, with both units offering 2 bedrooms and 1 bath each
  • Both units are in excellent, move‑in condition, with laminated flooring and stone tile in each bathroom
  • Each unit has its own laundry room with washer and sink

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 $15.2k $21.60
− Vacancy −$795 −$1.13
EGI $14.4k $20.47
− OpEx −$4.3k −$6.14
NOI $10.1k $14.33
705 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$144.3K
$126.3K – $168.4K (±1% cap)
NOI $10,103 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$131.9K
$115.4K – $153.9K (±1% cap)
NOI $9,234 @ 7.0% cap · market cap 3.69%
Theoretical Best
Warehouse
$1.47M
$1.29M – $1.72M (±1% cap)
NOI $103,215 @ 7.0% cap · market cap 41.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Building Supply Spa & Massage Center Parking Lot & Garage HVAC Service Pharmacy Auto Parts Store Kitchen & Bath Showroom Skin Care Clinic Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Duplex in move-in condition with two 2-bedroom, 1-bath units, each with laundry, storage, and outdoor space.
Where is this duplex located?
The property is located at 105 DELAP Court Pemberton, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex (105–107 Delap CT) sold together, with both units offering 2 bedrooms and 1 bath each; Both units are in excellent, move‑in condition, with laminated flooring and stone tile in each bathroom; Each unit has its own laundry room with washer and sink
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