Tenant-Occupied
New
For Sale
$425,000
117-119 Peach Street, Hammonton, NJ 08037
MULTI-FAMILY, Hammonton, NJ
Property Size2,193 SF
Price / SF$193.80
Days on Market5
Property Features for 117-119 Peach Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Basement, Bedroom 2, Bedroom 4
Exterior features
Curbs, Sidewalks
Appliances
Electric Stove, Refrigerator
Directions
Rt 30 to Bellevue Ave (Rt 54 S), left on Central Ave, right on Peach St to #117-119 on right.
Subdivision
Hammonton Town
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4233
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1949
Number of units
2
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
(609) 484-9890
Listed By:
Benjamin Kruse · License #2184380
(609) 204-7891
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 27 at 12:06PM
MLS# 612213
Copyright © 2026 South Jersey Shore Regional 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 duplex contains two separate residential units, each configured with two bedrooms and one bathroom, for a combined 2,193 square feet of living space. Both units are occupied by tenants. The property also includes a basement, electric stoves, refrigerators, wall-unit cooling, and natural-gas forced-air heat.
Public water and public sewer serve the building. Curbs and sidewalks are present along the property, and the address is 117-119 Peach Street in Hammonton, New Jersey. The existing unit configuration and in-place occupancy provide a clearly defined multifamily layout.
Public water and public sewer serve the building. Curbs and sidewalks are present along the property, and the address is 117-119 Peach Street in Hammonton, New Jersey. The existing unit configuration and in-place occupancy provide a clearly defined multifamily layout.
Key Highlights
- Two‑unit duplex with 2,193 sq ft of living space
- Each unit includes 2 bedrooms and 1 bathroom
- Both units are currently tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,975
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom layouts, public utilities, and gas forced-air heating support straightforward residential operation.
Where is this duplex located?
The property is located at 117-119 Peach Street 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‑unit duplex with 2,193 sq ft of living space; Each unit includes 2 bedrooms and 1 bathroom; Both units are currently tenant‑occupied
