Duplexes with Full
For Sale
$479,900
Pending
145 Clay Street, Tuckerton, NJ 08087
Multi-Family, Tuckerton, NJ
Property Size1,920 SF
Lot Size0.23 Acres
Days on Market49
Property Features for 145 Clay Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Middle school
Pinelands
High school
Pinelands Regional
Directions
Rt. 9 to S. Green St. to Clay St.
Subdivision
Greater Tuckerton
Standard status
Pending
APN
33-00072-0000-00015
Size
1,920 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5653
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Listing Agency:
RE/MAX Gateway
(732) 695-1600
Listed By:
Robert N Lange · License #1329516
(732) 300-4307
Added: Jul 17
Changed: Aug 24
Last Checked: Sep 3 at 3:06AM
MLS# 22621979
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,920 square feet arranged as two residential units. Each unit offers a large living room, dedicated dining area, and kitchen on the first floor, followed upstairs by two bedrooms, bonus space, and a full bathroom. Separate basements provide additional space for each side. The property was built in 1950 and uses forced-air heating.
Set on a 0.23-acre lot at 145 Clay Street in Tuckerton, New Jersey, the property is served by public water and public sewer. Its two-unit configuration supports separate occupancy within the same building, with each residence offering a comparable multi-level layout.
Set on a 0.23-acre lot at 145 Clay Street in Tuckerton, New Jersey, the property is served by public water and public sewer. Its two-unit configuration supports separate occupancy within the same building, with each residence offering a comparable multi-level layout.
Key Highlights
- Two‑unit duplex configuration at 145 Clay Street, Tuckerton, NJ 08087
- 1,920 square feet on a 0.23‑acre lot
- Each unit includes 2 bedrooms, bonus space, and a full bathroom
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
$32,133
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
6.70%
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%
$642,660
$642.7K
Cap Rate 7%
$459,043
$459.0K
Cap Rate 9%
$357,033
$357.0K
Market Conditions
NOI Build-Up for 1,920 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
$49.1K $25.56/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$45.9K $23.91/SF
− OpEx
−$13.8K −$7.17/SF
NOI
$32.1K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /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%
$642,660
Cap Rate 7%
$459,043
Cap Rate 9%
$357,033
Alternative Uses
Best Use
Multifamily LT 5
$459.0K
$401.7K – $535.6K
NOI $32,133 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.1K
NOI $29,526 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$501.4K
$438.7K – $584.9K
NOI $35,095 @ 7.0% cap · market cap 7.31%
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
355
Businesses Nearby
Explore this area
Business Placement
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate basements, spacious room layouts, and public water and sewer service.
Where is this duplex located?
The property is located at 145 Clay Street Tuckerton, NJ.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑unit duplex configuration at 145 Clay Street, Tuckerton, NJ 08087; 1,920 square feet on a 0.23‑acre lot; Each unit includes 2 bedrooms, bonus space, and a full bathroom
