Duplex with Bonus
For Sale
$590,000
Pending
129 N OXFORD AVENUE, Ventnor City, NJ 08406
Two-unit property includes a fenced entertaining yard and a separately entered bonus area.
Property Size1,902 SF
Days on Market112
Property Features for 129 N OXFORD AVENUE
General Information
Standard status
Pending
Size
1,902 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
fenced backyard
custom Tiki Bar
built-in seating
bistro lighting
Building Details
Building Size
1,902 SF
Year Built
1929
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty - Wildwood Crest
(609) 729-2100
Listed By:
Michael Anthony Marotta · License #0999715
(609) 729-2100
Source:
Anthonychiolo.kw
Added: May 11
Changed: Aug 29
Last Checked: Aug 25 at 9:31AM
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 Keller Williams Realty - Wildwood Crest
Investment Insights
Based on property information with market context.
Built in 1929, this duplex offers distinct residential layouts across two floors. The lower residence contains 2BR/1BA accommodations plus an additional ground-level suite with a separate entrance and half bath. That supplementary area can support office, guest, or flexible living needs. The upper residence provides a 3BR/1BA configuration with Samsung appliances and coastal-style interior finishes.
Outdoor space includes a fully enclosed private yard arranged for gatherings, with a custom Tiki Bar, built-in seating, and bistro lighting. The second-floor unit is occupied under a lease running through 9/30/2026. The property is located at 129 N Oxford Ave in Ventnor Heights, near the bay, Red Room Cafe, and the Dorset Avenue bridge.
Outdoor space includes a fully enclosed private yard arranged for gatherings, with a custom Tiki Bar, built-in seating, and bistro lighting. The second-floor unit is occupied under a lease running through 9/30/2026. The property is located at 129 N Oxford Ave in Ventnor Heights, near the bay, Red Room Cafe, and the Dorset Avenue bridge.
Key Highlights
- 2BR/1BA first‑floor unit with ground‑level bonus suite
- 3BR/1BA second‑floor residence with Samsung appliances
- Separate entrance and half bath serving the bonus suite
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
$21,661
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%
$433,220
$433.2K
Cap Rate 7%
$309,443
$309.4K
Cap Rate 9%
$240,678
$240.7K
Market Conditions
NOI Build-Up for 1,902 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
$33.1K $17.40/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$30.9K $16.27/SF
− OpEx
−$9.3K −$4.88/SF
NOI
$21.7K $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%
$433,220
Cap Rate 7%
$309,443
Cap Rate 9%
$240,678
Alternative Uses
Best Use
Multifamily LT 5
$309.4K
$270.8K – $361.0K
NOI $21,661 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$272.0K
$238.0K – $317.3K
NOI $19,038 @ 7.0% cap · market cap 3.23%
Theoretical Best
Warehouse
$708.3K
$619.8K – $826.3K
NOI $49,580 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
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?
Duplex - Two-unit property includes a fenced entertaining yard and a separately entered bonus area.
Where is this duplex located?
The property is located at 129 N OXFORD AVENUE Ventnor City, NJ.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: 2BR/1BA first‑floor unit with ground‑level bonus suite; 3BR/1BA second‑floor residence with Samsung appliances; Separate entrance and half bath serving the bonus suite
