Acreage Duplex with In-Law
For Sale
$424,900
1853 Mccall Avenue, Mays Landing, NJ 08330
Separate living quarters provide an independent entrance, kitchen, electric meter, laundry, and sunroom for flexible occupancy.
Property Size1,962 SF
Lot Size4.37 Acres
Price / SF$216.56
Days on Market251
Property Features for 1853 Mccall Avenue
General Information
Standard status
Active
Size
1,962 SF
Lot size
4.37 Acres
Property subtype
Multi-family
Building Details
Year Built
1969
Listing Agency:
EXP Realty,LLC
Listed By:
Jeffrey L Quintin
(800) 299-2129
Source:
Actionplusrealty
Added: Dec 4, 2025
Changed: Aug 11
Last Checked: Aug 11 at 10:38AM
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 EXP Realty,LLC
Investment Insights
Based on property information with market context.
This duplex-style property sits on 4.37 acres and includes 5 bedrooms and 3 full bathrooms. The primary residence offers 3 bedrooms, 1 full bathroom, a kitchen, and an open living area. An attached but separately configured in-law suite adds 2 bedrooms, 2 full bathrooms, a private entrance, its own electric meter, a full kitchen, dedicated laundry, and a four-season sunroom. A partially finished full basement provides additional interior space for storage, hobbies, or future use. Built in 1969, the property combines a multi-residence layout with substantial land and outdoor improvements.
Located at 1853 McCall Avenue in Mays Landing, the 4.37-acre setting includes a horse corral, 4 paddocks, extensive fencing, a fire pit area, and a hot tub. A long private driveway and ample parking serve the property. The configuration supports use as a duplex, a multigenerational residence, or an income-producing home, as described in the property information.
Located at 1853 McCall Avenue in Mays Landing, the 4.37-acre setting includes a horse corral, 4 paddocks, extensive fencing, a fire pit area, and a hot tub. A long private driveway and ample parking serve the property. The configuration supports use as a duplex, a multigenerational residence, or an income-producing home, as described in the property information.
Key Highlights
- 4.37‑acre property with duplex‑style layout
- 5 bedrooms and 3 full bathrooms across the main residence and suite
- Attached in‑law suite has a private entrance and separate electric meter
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
$34,671
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
8.16%
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%
$693,420
$693.4K
Cap Rate 7%
$495,300
$495.3K
Cap Rate 9%
$385,233
$385.2K
Market Conditions
NOI Build-Up for 1,962 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
$53.0K $27.00/SF
− Vacancy
−$3.4K −$1.76/SF
EGI
$49.5K $25.25/SF
− OpEx
−$14.9K −$7.57/SF
NOI
$34.7K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /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%
$693,420
Cap Rate 7%
$495,300
Cap Rate 9%
$385,233
Alternative Uses
Best Use
Multifamily LT 5
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$427.8K
$374.3K – $499.1K
NOI $29,945 @ 7.0% cap · market cap 7.05%
Theoretical Best
Warehouse
$631.2K
$552.3K – $736.5K
NOI $44,187 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 08330, NJ
29,548
Population
12,800
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
127.4 sq mi
ZIP Area
232
Density / Sq Mi
$82,981
Median Household Income
$40,880
Median Earnings
$1,576
Median Rent
$230,700
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 - Separate living quarters provide an independent entrance, kitchen, electric meter, laundry, and sunroom for flexible occupancy.
Where is this duplex located?
The property is located at 1853 Mccall Avenue Mays Landing, NJ.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 4.37‑acre property with duplex‑style layout; 5 bedrooms and 3 full bathrooms across the main residence and suite; Attached in‑law suite has a private entrance and separate electric meter
