113-115 7th Terrace Egg Harbor City, NJ 08215
MULTI_FAMILY - Egg Harbor City, NJ
Property Features for 113-115 7th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Basement
- 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
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.
Investment Insights
Based on property information with market context.
The address is in Egg Harbor City, Atlantic County, New Jersey (08215). The lot size is listed as 0.04 acres, and the total property size is 1,322 square feet.
Please note that the seller makes no representations or warranties. Buyers are responsible for all due diligence, inspections, and municipal requirements per New Jersey guidelines, and tenant occupancy should be respected; do not approach the property without a confirmed appointment.
Key Highlights
- Tenant‑occupied property currently leased for immediate income potential
- Zoned heating and zoned cooling
- Year built: 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 |
