Tenant-Occupied Duplex for
113-115 7th Terrace Egg Harbor City, NJ 08215
113-115 7th Terrace, Egg Harbor City, NJ, 08215
$300,000
For Sale
$300,000
Duplex investment property is currently leased and offered as-is for a straightforward owner transition.
Property Size1,322 SF
Price / SF$226.93
Days on Market110
Property Features for 113-115 7th Terrace
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
(609) 977-3926
Listed by
Donna Mancuso · License #0675353
(609) 977-3926
Source
Compass
Added: Apr 4 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 6:44AM
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 being offered for sale as a residential income property within an investment portfolio. The property is currently leased, and it is presented as-is, where-is, with the seller making no representations or warranties. Buyers should plan to complete all due diligence, inspections, and review of municipal requirements in accordance with New Jersey guidelines.
The duplex is located at 113-115 7th Terrace in Egg Harbor City, New Jersey. Because the property is occupied by tenants, access is restricted and should only be pursued with a confirmed appointment. Prospective buyers and representatives should respect tenant occupancy and avoid approaching the property without prior scheduling.
For investors or owner-occupants looking for an income-producing multi-unit residential asset, the key operational consideration here is that the units are already leased, supporting continuity through the next ownership change. Given the as-is offering and the seller’s lack of warranties, it is important for buyers to verify all property and lease-related details during their inspection and due diligence process before proceeding.
The duplex is located at 113-115 7th Terrace in Egg Harbor City, New Jersey. Because the property is occupied by tenants, access is restricted and should only be pursued with a confirmed appointment. Prospective buyers and representatives should respect tenant occupancy and avoid approaching the property without prior scheduling.
For investors or owner-occupants looking for an income-producing multi-unit residential asset, the key operational consideration here is that the units are already leased, supporting continuity through the next ownership change. Given the as-is offering and the seller’s lack of warranties, it is important for buyers to verify all property and lease-related details during their inspection and due diligence process before proceeding.
Key Highlights
- Tenant‑occupied duplex currently leased for immediate income potential
- Duplex offers 2 bedrooms and 2 full baths across 2 levels
- Built in 1960
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 | $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
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex investment property is currently leased and offered as-is for a straightforward owner transition.
Where is this duplex located?
The property is located at 113-115 7th Terrace 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 for immediate income potential; Duplex offers 2 bedrooms and 2 full baths across 2 levels; Built in 1960
