Partially Renovated Duplex
1051 Mail Avenue Deptford, NJ 08096
For Sale
$290,000
Pending
Partially renovated duplex with new exterior work, two HVAC systems, and off-street parking.
Property Size1,830 SF
Days on Market128
Property Features for 1051 Mail Avenue
General Information
- Standard status
- Pending
- Size
- 1,830 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1950
Listing Agency:
Weichert Realtors - Moorestown
(856) 498-1556
Listed By:
Sara Winthrop · License #1436182
(856) 498-1556
Source:
Compass
Added: Mar 18
Changed: Jul 22
Last Checked: Jul 22 at 8:42PM
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 Weichert Realtors - Moorestown
Investment Insights
Based on property information with market context.
This partially renovated duplex includes exterior improvements with a new roof, siding, windows, and gutters. Interior and systems work are underway, with new electric, gas, and sewer utilities roughed in and approved by the township inspector, along with two new HVAC systems ready to go. The property features two 2-bedroom, 1-bath units, with the first-floor unit offering access to a full unfinished basement for additional storage. Laundry hookups are provided on both the main and upper floors, and the exterior is described as needing minor work to finish.
The duplex sits on a low-maintenance lot and includes off-street parking. An attached 12 x 30 garage provides additional enclosed space on site.
While the exterior requires minor completion and the interior still needs drywall and finishes, the property is positioned to proceed from newly installed exterior components and approved utility work toward completion of the units.
The duplex sits on a low-maintenance lot and includes off-street parking. An attached 12 x 30 garage provides additional enclosed space on site.
While the exterior requires minor completion and the interior still needs drywall and finishes, the property is positioned to proceed from newly installed exterior components and approved utility work toward completion of the units.
Key Highlights
- Partially renovated 2‑unit duplex, each unit offering 2 beds and 1 bath
- New exterior updates include roof, siding, windows, and gutters
- New electric, gas, and sewer utilities are roughed in and approved by the Twp. inspector
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 | $36.2k | $19.80 |
| − Vacancy | −$1.9k | −$1.03 |
| EGI | $34.3k | $18.77 |
| − OpEx | −$10.3k | −$5.63 |
| NOI | $24.0k | $13.14 |
1,830 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$343.5K
$300.6K – $400.8K
NOI $24,045 @ 7.0% cap · market cap 8.29%
Second Best
Apartment 5plus
$305.6K
$267.4K – $356.5K
NOI $21,390 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$615.1K
$538.3K – $717.7K
NOI $43,060 @ 7.0% cap · market cap 14.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Partially renovated duplex with new exterior work, two HVAC systems, and off-street parking.
Where is this duplex located?
The property is located at 1051 Mail Avenue Deptford, NJ.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Partially renovated 2‑unit duplex, each unit offering 2 beds and 1 bath; New exterior updates include roof, siding, windows, and gutters; New electric, gas, and sewer utilities are roughed in and approved by the Twp. inspector
