Mixed-Use Building with
New
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 Market2
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
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
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Melissa A Connell · License #1008090
(856) 905-5862
Added: Oct 15
Last Checked: Oct 16 at 1:06AM
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 brick mixed-use property contains 2,080 square feet across a ground-floor commercial space and two apartments above, each with a private entrance. The residential units include a studio and a two-bedroom apartment. All three spaces are currently leased, including the storefront occupied by Broken Anchor Barbershop. Built in 1920, the building has electric baseboard heat, ductless cooling, and central air.
The property is on Merchant Street in downtown Audubon, among locally owned shops, restaurants, cafes, and breweries. Parking options include on-street parking and a parking lot.
The property is on Merchant Street in downtown Audubon, among locally owned shops, restaurants, cafes, and breweries. Parking options include on-street parking and a parking lot.
Key Highlights
- 2,080‑square‑foot mixed‑use property on a 0.0459‑acre lot
- Ground‑floor storefront with two apartments above: one studio and one two‑bedroom unit
- All three units are currently leased
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.
How Realmo checks its estimates
Property Analytics
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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
Explore this area
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
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail space and two upstairs apartments are all leased to existing tenants.
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 property on a 0.0459‑acre lot; Ground‑floor storefront with two apartments above: one studio and one two‑bedroom unit; All three units are currently leased
