Two-Unit Duplex with Rear
1215 Kings Highway, Swedesboro, NJ 08085
For Sale
$369,900
Separate kitchens and updated full baths serve both residences.
Property Size2,292 SF
Price / SF$161.39
Days on Market8
Property Features for 1215 Kings Highway
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Real Broker, LLC
Listed By:
Parisha Smith · License #3299014
(215) 834-3030
Source:
Flagshippropertiesgroup
Added: Nov 1
Changed: Nov 5
Last Checked: Nov 8 at 2:48AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Built in 1920, this 2,292-square-foot duplex contains two residences, each with two bedrooms and one bathroom. The homes have distinct layouts and separate kitchens; features include shaker cabinetry and stainless appliances in one kitchen, while the other has tile flooring and a mosaic backsplash. Updated full baths, a mix of wood-look and hardwood flooring, and ceiling fans add to the interior features. The property occupies a 0.18-acre lot and is being sold as-is.
Outdoor amenities include a covered front porch, fenced backyard, rear deck, patio, and lawn. A rear parking area and driveway provide off-street parking. The unfinished basement contains the utilities and additional storage. The property has public water and sewer and is in the Kingsway Regional school district.
Outdoor amenities include a covered front porch, fenced backyard, rear deck, patio, and lawn. A rear parking area and driveway provide off-street parking. The unfinished basement contains the utilities and additional storage. The property has public water and sewer and is in the Kingsway Regional school district.
Key Highlights
- Two separate 2‑bedroom, 1‑bath residences
- 2,292 square feet on a 0.18‑acre lot
- Built in 1920; property is being sold as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,115
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,300
$602.3K
Cap Rate 7%
$430,214
$430.2K
Cap Rate 9%
$334,611
$334.6K
Market Conditions
NOI Build-Up for 2,292 SF
Gross rent
$45.4K $19.80/SF
− Vacancy
−$2.4K −$1.03/SF
EGI
$43.0K $18.77/SF
− OpEx
−$12.9K −$5.63/SF
NOI
$30.1K $13.14/SF
Area
Gloucester County, NJ
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,300
Cap Rate 7%
$430,214
Cap Rate 9%
$334,611
Alternative Uses
Best Use
Multifamily LT 5
$430.2K
$376.4K – $501.9K
NOI $30,115 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$382.7K
$334.9K – $446.5K
NOI $26,790 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$770.4K
$674.1K – $898.8K
NOI $53,930 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
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Business Placement
Demographics for 08085, NJ
21,274
Population
7,424
Households
2.9
Avg Household Size
38
Median Age
46%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
478
Density / Sq Mi
$137,028
Median Household Income
$62,121
Median Earnings
$1,856
Median Rent
$351,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Gloucester County, NJ
Properties on Market for Duplexes in Gloucester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and updated full baths serve both residences.
Where is this duplex located?
The property is located at 1215 Kings Highway Swedesboro, NJ.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath residences; 2,292 square feet on a 0.18‑acre lot; Built in 1920; property is being sold as‑is
