Mixed-Use Building with
For Sale
$495,000
117 W MERCHANT Street, Audubon, NJ 08106
Multi-Family, AUDUBON, NJ
Property Size2,080 SF
Lot Size0.05 Acres
Price / SF$237.98
Days on Market13
Property Features for 117 W MERCHANT Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
On Street, Parking Lot
High school
AUDUBON H.S.
Elementary school district
AUDUBON PUBLIC SCHOOLS
Middle school district
AUDUBON PUBLIC SCHOOLS
High school district
AUDUBON PUBLIC SCHOOLS
Standard status
Active
Size
2,080 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
7501
Utilities
Heating system
Electric (Heating), Baseboard
Cooling system
Ductless, Central Air
Building Details
Year built
1920
Number of units
3
Building materials
Brick
Buildings
1
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Melissa A Connell · License #1008090
(856) 905-5862
Added: Oct 15
Changed: Oct 23
Last Checked: Oct 27 at 4:06PM
MLS# NJCD2128706
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,080-square-foot brick property at 117 W. Merchant Street has a ground-floor commercial space and two apartments above. The residential units are a studio and a two-bedroom apartment, each with a private entrance. All three spaces are leased. The building dates to 1920 and has electric baseboard heating, ductless cooling, and central air.
The property sits on Merchant Street in downtown Audubon, among locally owned shops, restaurants, cafes, and breweries. On-street parking and a parking lot serve the property.
The property sits on Merchant Street in downtown Audubon, among locally owned shops, restaurants, cafes, and breweries. On-street parking and a parking lot serve the property.
Key Highlights
- 2,080‑square‑foot mixed‑use building on a 0.0459‑acre lot
- Ground‑floor commercial space with two apartments above
- Residential units include a studio and a two‑bedroom apartment, each with a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,762
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,240
$435.2K
Cap Rate 7%
$310,886
$310.9K
Cap Rate 9%
$241,800
$241.8K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$37.4K $18.00/SF
− Vacancy
−$2.6K −$1.26/SF
EGI
$34.8K $16.74/SF
− OpEx
−$13.1K −$6.28/SF
NOI
$21.8K $10.46/SF
Area
Camden County, NJ
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,240
Cap Rate 7%
$310,886
Cap Rate 9%
$241,800
Alternative Uses
Best Use
Mixed Use
$310.9K
$272.0K – $362.7K
NOI $21,762 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$301.8K
$264.1K – $352.1K
NOI $21,124 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$527.4K
$461.5K – $615.3K
NOI $36,918 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
921
Businesses Nearby
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Business Placement
Demographics for 08106, NJ
9,698
Population
3,996
Households
2.4
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
6,061
Density / Sq Mi
$107,539
Median Household Income
$61,139
Median Earnings
$1,083
Median Rent
$286,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three leased spaces combine ground-floor retail with two apartments in downtown Audubon.
Where is this mixed-use property located?
The property is located at 117 W MERCHANT Street Audubon, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,080‑square‑foot mixed‑use building on a 0.0459‑acre lot; Ground‑floor commercial space with two apartments above; Residential units include a studio and a two‑bedroom apartment, each with a private entrance
