Renovated 3-Family Income
For Sale
$449,999
125 London Ave, Egg Harbor City, NJ 08215
Recently renovated three-unit building offering a mix of 3BR, 2BR, and 1BR layouts in Egg Harbor City.
Property Size1,452 SF
Days on Market54
Property Features for 125 London Ave
General Information
Standard status
Active
Size
1,452 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,891
Building Details
Building Size
1,452 SF
Year Built
1983
Units
3
Listing Agency:
C21/ Solid Gold Realty
(732) 531-7772
Listed By:
Victor Alhalabi
(732) 531-7772
Source:
Elliman
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 11 at 10:43AM
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 C21/ Solid Gold Realty
Investment Insights
Based on property information with market context.
This recently renovated 3-family property at 125 London Ave includes three separate units: one 3-bedroom, one 2-bedroom, and one 1-bedroom. The building is described as updated throughout and positioned as turnkey for immediate occupancy, with each unit offering its own residential layout.
Located in Egg Harbor City, the property is noted to be just minutes from Atlantic City International Airport and convenient to shopping, parks, and major routes.
With three distinct unit sizes, this property may appeal to investors seeking a diversified residential income mix within a single building, or owner-operators looking for a turnkey multifamily setup. The updated condition and varied bedroom offerings provide practical flexibility for tenant household needs.
Located in Egg Harbor City, the property is noted to be just minutes from Atlantic City International Airport and convenient to shopping, parks, and major routes.
With three distinct unit sizes, this property may appeal to investors seeking a diversified residential income mix within a single building, or owner-operators looking for a turnkey multifamily setup. The updated condition and varied bedroom offerings provide practical flexibility for tenant household needs.
Key Highlights
- Recently renovated 3‑family building with 3 units: 3BR, 2BR, and 1BR layouts
- Year built 1983
- Mix of unit sizes provides diversified rental setup with 3BR, 2BR, and 1BR units
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
$16,536
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
3.67%
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%
$330,720
$330.7K
Cap Rate 7%
$236,229
$236.2K
Cap Rate 9%
$183,733
$183.7K
Market Conditions
NOI Build-Up for 1,452 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
$25.3K $17.40/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$23.6K $16.27/SF
− OpEx
−$7.1K −$4.88/SF
NOI
$16.5K $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%
$330,720
Cap Rate 7%
$236,229
Cap Rate 9%
$183,733
Alternative Uses
Best Use
Multifamily LT 5
$236.2K
$206.7K – $275.6K
NOI $16,536 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$207.6K
$181.7K – $242.2K
NOI $14,534 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$540.7K
$473.1K – $630.8K
NOI $37,850 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 08215, NJ
14,092
Population
5,813
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,630
Median Household Income
$46,680
Median Earnings
$1,525
Median Rent
$266,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Recently renovated three-unit building offering a mix of 3BR, 2BR, and 1BR layouts in Egg Harbor City.
Where is this triplex located?
The property is located at 125 London Ave Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Recently renovated 3‑family building with 3 units: 3BR, 2BR, and 1BR layouts; Year built 1983; Mix of unit sizes provides diversified rental setup with 3BR, 2BR, and 1BR units
