Tenant-Occupied Investment
113-115 7th Terrace, Egg Harbor City, NJ 08215
MULTI_FAMILY - Egg Harbor City, NJ
Property size:
1,322 SFLot size:
0.04 AcresPrice / SF:
$226/SF- Added:
- May 11, 2026
- Days on Market:
- 22
- Last Refresh:
- Jun 1 at 8:06 am
Property Features for 113-115 7th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Basement, Bathroom 1, Bedroom 2
- Standard status
- Active
- APN
- 07-00321-0000-00004-02
- Size
- 1,322 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4705
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned
- Cooling system
- Zoned
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
Listing agent Donna Mancuso License #0675353 (732) 800-1767
Listing office Jersey Property Group Realty 1142 Corlies Ave., Neptune, NJ (732) 800-1767
Listing date May 11, 2026
MLS# 22613635
Listing URL
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Immediate income potential from tenant occupancy.
- Zoned heating and cooling.
- Public water and sewer.
- Basement.
- Built in 1960.
- Investment property.
Overview
This tenant-occupied property, located in Egg Harbor City, New Jersey, presents an opportunity for investors seeking immediate income. The property is being offered in its current condition, without any representations or warranties from the seller. Prospective buyers are responsible for conducting their own due diligence, inspections, and ensuring compliance with all municipal requirements as per New Jersey guidelines. The building has a size of 1322 square feet and sits on a lot of approximately 0.04 acres. Respect for tenant occupancy is required, and approaching the property without a confirmed appointment is not permitted. The property is currently leased, providing a seamless transition for the next owner.
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 Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Egg Harbor City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.645668
- Latitude
- 39.528014
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex in Egg Harbor City, immediate income potential.
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: Immediate income potential from tenant occupancy.; Zoned heating and cooling.; Public water and sewer.
