Two-Unit Duplex Income
116 Hunter Avenue Westville, NJ 08093
For Sale
$259,900
Tenant-occupied duplex with two separate units, each with its own living area and kitchen.
Property Size1,704 SF
Price / SF$152.52
Days on Market287
Property Features for 116 Hunter Avenue
General Information
- Standard status
- Active
- Size
- 1,704 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1932
Listing Agency:
Home and Heart Realty
(609) 364-4916
Listed By:
Rosemarie Rose Simila · License #232377
(609) 364-4916
Source:
Compass
Added: Oct 11, 2025
Changed: Jul 23
Last Checked: Jul 23 at 6:00PM
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 Home and Heart Realty
Investment Insights
Based on property information with market context.
This two-unit duplex offers two separate residences within one building, providing a straightforward income setup for investors or owner-occupants. The first-floor unit includes 2 bedrooms and 1 bathroom, along with a living room and functional kitchen. The upper-level unit features 1 bedroom and 1 bathroom, with its own living room and kitchen. A large fenced-in backyard is included.
The property is located in Gloucester County in Westville, NJ, within the Westville Public Schools district.
Both units are currently tenant-occupied on a month-to-month basis.
The property is located in Gloucester County in Westville, NJ, within the Westville Public Schools district.
Both units are currently tenant-occupied on a month-to-month basis.
Key Highlights
- 2‑unit duplex with tenant‑occupied units on month‑to‑month leases
- First‑floor unit: 2 bed, 1 bath, with living room and functional kitchen
- Upper‑level unit: 1 bed, 1 bath, with living room and kitchen
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 | $33.7k | $19.80 |
| − Vacancy | −$1.8k | −$1.03 |
| EGI | $32.0k | $18.77 |
| − OpEx | −$9.6k | −$5.63 |
| NOI | $22.4k | $13.14 |
1,704 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.8K
$279.9K – $373.2K
NOI $22,389 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$284.5K
$249.0K – $332.0K
NOI $19,917 @ 7.0% cap · market cap 7.66%
Theoretical Best
Office A
$572.8K
$501.2K – $668.3K
NOI $40,095 @ 7.0% cap · market cap 15.43%
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 with two separate units, each with its own living area and kitchen.
Where is this duplex located?
The property is located at 116 Hunter Avenue Westville, NJ.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 2‑unit duplex with tenant‑occupied units on month‑to‑month leases; First‑floor unit: 2 bed, 1 bath, with living room and functional kitchen; Upper‑level unit: 1 bed, 1 bath, with living room and kitchen
