2-Unit
New
For Sale
$425,000
117--119 PEACH ST, Hammonton, NJ 08037
Both residences are occupied, providing existing rental use in Hammonton.
Property Size2,193 SF
Price / SF$193.80
Days on Market2
Property Features for 117--119 PEACH ST
General Information
Standard status
Active
Size
2,193 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty - Atlantic Shore
(609) 484-9890
Listed By:
Benjamin C Kruse · License #2184380
(609) 204-7891
Source:
360
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:34AM
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 Keller Williams Realty - Atlantic Shore
Investment Insights
Based on property information with market context.
This Hammonton duplex contains two residences, each configured with two bedrooms and one bathroom. The property provides 2,193 square feet of living space and dates to 1930; its condition is described as good.
Both units are tenant-occupied and generate rental income. Located at 117-119 Peach St, the building offers a two-unit residential configuration in Hammonton, New Jersey.
Both units are tenant-occupied and generate rental income. Located at 117-119 Peach St, the building offers a two-unit residential configuration in Hammonton, New Jersey.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 2,193 square feet of living space
- Both units are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,975
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,500
$499.5K
Cap Rate 7%
$356,786
$356.8K
Cap Rate 9%
$277,500
$277.5K
Market Conditions
NOI Build-Up for 2,193 SF
Gross rent
$38.2K $17.40/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$35.7K $16.27/SF
− OpEx
−$10.7K −$4.88/SF
NOI
$25.0K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,500
Cap Rate 7%
$356,786
Cap Rate 9%
$277,500
Alternative Uses
Best Use
Multifamily LT 5
$356.8K
$312.2K – $416.3K
NOI $24,975 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$313.6K
$274.4K – $365.9K
NOI $21,951 @ 7.0% cap · market cap 5.16%
Theoretical Best
Warehouse
$816.7K
$714.6K – $952.8K
NOI $57,166 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, providing existing rental use in Hammonton.
Where is this duplex located?
The property is located at 117--119 PEACH ST Hammonton, NJ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,193 square feet of living space; Both units are tenant‑occupied
