Renovated Duplex with Finished
For Sale
$350,000
110 West Broad Street, Paulsboro, NJ 08066
Two distinct unit layouts include renovated kitchens and a finished basement.
Property Size1,257 SF
Price / SF$278.44
Days on Market133
Property Features for 110 West Broad Street
General Information
Standard status
Active
Size
1,257 SF
Property subtype
Multi-Family / Fee Simple
Zoning
DUPLEX
Taxes and HOA fees
Annual Taxes
$4,329
Amenities
No
No Pool
Building Details
Year Built
1900
Listing Agency:
Weidel Realtors-Hamilton Square
(609) 424-2790
Listed By:
Rosa Marlene Flesch · License #2183212
(609) 424-2790
Source:
Compass
Added: Apr 21
Changed: Aug 31
Last Checked: Aug 31 at 12:17AM
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 Weidel Realtors-Hamilton Square
Investment Insights
Based on property information with market context.
This two-family property contains 1,257 square feet and was built in 1900. The unit mix includes one two-bedroom, one-bath residence and a second one-bedroom, one-bath residence. Both kitchens have been renovated, the property has a finished basement, and the duplex has undergone a full renovation. Zoning is designated DUPLEX.
Located at 110 West Broad Street in Paulsboro, the property is near major highways, public transportation, shopping, and local amenities. The address is within Gloucester County and the Paulsboro Public Schools district.
Located at 110 West Broad Street in Paulsboro, the property is near major highways, public transportation, shopping, and local amenities. The address is within Gloucester County and the Paulsboro Public Schools district.
Key Highlights
- Two‑family property totaling 1,257 square feet
- Unit mix includes 2 bedrooms/1 bath and 1 bedroom/1 bath
- Renovated kitchens in both units
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
$16,516
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
4.72%
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%
$330,320
$330.3K
Cap Rate 7%
$235,943
$235.9K
Cap Rate 9%
$183,511
$183.5K
Market Conditions
NOI Build-Up for 1,257 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
$24.9K $19.80/SF
− Vacancy
−$1.3K −$1.03/SF
EGI
$23.6K $18.77/SF
− OpEx
−$7.1K −$5.63/SF
NOI
$16.5K $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%
$330,320
Cap Rate 7%
$235,943
Cap Rate 9%
$183,511
Alternative Uses
Best Use
Multifamily LT 5
$235.9K
$206.5K – $275.3K
NOI $16,516 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$209.9K
$183.7K – $244.9K
NOI $14,692 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$422.5K
$369.7K – $493.0K
NOI $29,577 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 08066, NJ
8,414
Population
3,605
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,237
Density / Sq Mi
$62,412
Median Household Income
$35,684
Median Earnings
$1,092
Median Rent
$166,600
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 distinct unit layouts include renovated kitchens and a finished basement.
Where is this duplex located?
The property is located at 110 West Broad Street Paulsboro, 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‑family property totaling 1,257 square feet; Unit mix includes 2 bedrooms/1 bath and 1 bedroom/1 bath; Renovated kitchens in both units
