Tenant-Occupied Duplex Income
113-115 7th Terrace Egg Harbor City, NJ 08215
113-115 7th Terrace, Egg Harbor City, NJ, 08215
$280,000
For Sale
$280,000
MULTI_FAMILY - Egg Harbor City, NJ
Property Size1,322 SF
Lot Size0.04 Acres
Price / SF$211.80
Days on Market73
Property Features for 113-115 7th Terrace
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Basement, Bathroom 1, Bedroom 2, Bedroom 1
- 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 agency
Jersey Property Group Realty
(732) 800-1767
Listed by
Donna Mancuso · License #0675353
(732) 800-1767
Added: May 11 Updated: Jul 17 at 10:22AM Checked: Jul 22 at 12:06PM
MLS# 22613635
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.
This tenant-occupied duplex income property consists of a two-unit setup at 113-115 7th Terrace and is being offered for sale strictly as-is, where-is. The property is currently leased, providing immediate income status at the time of sale.
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.
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 and currently leased, providing rental income for the next owner
- Year built: 1960
- Zoned heating and zoned cooling
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 5.38%
Second Best
Apartment 5plus
$189.0K
$165.4K – $220.6K
NOI $13,233 @ 7.0% cap · market cap 4.73%
Theoretical Best
Warehouse
$492.3K
$430.8K – $574.4K
NOI $34,461 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex at 113-115 7th Terrace is currently leased and offered as-is for acquisition by a new owner.
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 $280,000.
What are key features of this property?
This property features: Tenant‑occupied and currently leased, providing rental income for the next owner; Year built: 1960; Zoned heating and zoned cooling
