Duplex with Separate
136 South King Street Gloucester City, NJ 08030
136 South King Street, Gloucester City, NJ, 08030
$325,000
For Sale
$325,000
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 Market39
Property Features for 136 South King Street
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Keller Williams - Main Street
(856) 371-9100
Listed by
Mary Rettig · License #674117
(856) 371-9100
Source
Compass
Added: Jun 13 Updated: Jul 21 at 2:13AM Checked: Jul 21 at 2:13AM
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.7k | $17.16 |
| − Vacancy | −$1.6k | −$0.91 |
| EGI | $28.1k | $16.25 |
| − OpEx | −$8.4k | −$4.87 |
| NOI | $19.7k | $11.37 |
1,728 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 South King Street 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
