Duplex with Separate
For Sale
$325,000
136 S King St, Gloucester City, NJ 08030
Two-unit duplex with separate electric and gas and in-unit laundry support for tenants.
Property Size1,728 SF
Price / SF$188.08
Days on Market86
Property Features for 136 S King St
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams - Main Street
Listed By:
Mary Rettig · License #674117
(856) 858-2200
Source:
Danmauz
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 7 at 4:50PM
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 - Main Street
Investment Insights
Based on property information with market context.
This well-maintained duplex consists of two separate units with individual utilities. The first-floor unit includes 2 bedrooms and 1 bathroom, and the washer/dryer is located in the basement for this unit. The second-floor unit features 1 bedroom and 1 bathroom and includes a washer/dryer in the unit.
The property offers views of the Walt Whitman Bridge. It is located near shopping, dining, schools, and major transportation routes.
The seller will obtain the Gloucester City Certificate of Occupancy, and the property is being conveyed “as is.”
The property offers views of the Walt Whitman Bridge. It is located near shopping, dining, schools, and major transportation routes.
The seller will obtain the Gloucester City Certificate of Occupancy, and the property is being conveyed “as is.”
Key Highlights
- Duplex with two separate units and individual utilities, with separate electric and gas for each unit
- First‑floor unit has 2 bedrooms and 1 bathroom; washer and dryer are located in the basement for this unit
- Second‑floor unit has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,652
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,040
$393.0K
Cap Rate 7%
$280,743
$280.7K
Cap Rate 9%
$218,356
$218.4K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$29.7K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$28.1K $16.25/SF
− OpEx
−$8.4K −$4.87/SF
NOI
$19.7K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,040
Cap Rate 7%
$280,743
Cap Rate 9%
$218,356
Alternative Uses
Best Use
Multifamily LT 5
$280.7K
$245.7K – $327.5K
NOI $19,652 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,549 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$438.1K
$383.4K – $511.2K
NOI $30,670 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex with separate electric and gas and in-unit laundry support for tenants.
Where is this duplex located?
The property is located at 136 S King St Gloucester City, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Duplex with two separate units and individual utilities, with separate electric and gas for each unit; First‑floor unit has 2 bedrooms and 1 bathroom; washer and dryer are located in the basement for this unit; Second‑floor unit has 1 bedroom and 1 bathroom
