Tenant-Occupied Duplex For
113-115 7th Avenue Egg Harbor City, NJ 08215
For Sale
$300,000
Tenant-occupied duplex currently leased and offered as-is, where-is with buyer responsible for all due diligence.
Property Size1,322 SF
Price / SF$226.93
Days on Market74
Property Features for 113-115 7th Avenue
General Information
- Standard status
- Active
- Size
- 1,322 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1960
Listing Agency:
Jersey Property Group Realty
(732) 800-1767
Listed By:
Donna Mancuso · License #0675353
(732) 800-1767
Source:
Compass
Added: May 11
Changed: Jul 23
Last Checked: Jul 23 at 3:37AM
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 Jersey Property Group Realty
Investment Insights
Based on property information with market context.
This tenant-occupied duplex is currently leased and offered for sale on an as-is, where-is basis. The property is presented as a residential income asset, and the seller makes no representations or warranties regarding the condition of the premises. Buyer is responsible for all due diligence, inspections, and any municipal requirements in accordance with New Jersey guidelines.
The duplex is located at 113-115 7th Avenue in Egg Harbor City, New Jersey. Please respect tenant occupancy and do not approach the property without a confirmed appointment.
The offering includes the full duplex property in its existing configuration. All inspections and verification of condition and compliance should be completed by the buyer during the due diligence period.
The duplex is located at 113-115 7th Avenue in Egg Harbor City, New Jersey. Please respect tenant occupancy and do not approach the property without a confirmed appointment.
The offering includes the full duplex property in its existing configuration. All inspections and verification of condition and compliance should be completed by the buyer during the due diligence period.
Key Highlights
- Tenant‑occupied duplex currently leased
- 2‑bedroom, 2‑full‑bath layout
- 2 levels
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 | $23.0k | $17.40 |
| − Vacancy | −$1.5k | −$1.13 |
| EGI | $21.5k | $16.27 |
| − OpEx | −$6.5k | −$4.88 |
| NOI | $15.1k | $11.39 |
1,322 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$215.1K
$188.2K – $250.9K
NOI $15,055 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$189.0K
$165.4K – $220.6K
NOI $13,233 @ 7.0% cap · market cap 4.41%
Theoretical Best
Warehouse
$492.3K
$430.8K – $574.4K
NOI $34,461 @ 7.0% cap · market cap 11.49%
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 - Tenant-occupied duplex currently leased and offered as-is, where-is with buyer responsible for all due diligence.
Where is this duplex located?
The property is located at 113-115 7th Avenue Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Tenant‑occupied duplex currently leased; 2‑bedroom, 2‑full‑bath layout; 2 levels
