Creekfront Duplex with Private
New
For Sale
$299,000
1915 MARNE HIGHWAY, Hainesport, NJ 08036
Two residences feature separate heating and air-conditioning systems with individual washer and dryer hookups.
Property Size1,500 SF
Days on Market4
Property Features for 1915 MARNE HIGHWAY
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Duplex
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,832
Amenities
washer/dryer hookups
creek access
private dock
Building Details
Building Size
1,500 SF
Year Built
1950
Listing Agency:
BHHS Fox & Roach-Mt Laurel
Listed By:
Rayna Denneler · License #1756739
(856) 304-6025
Source:
Patmckennarealtors
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 20 at 12:24PM
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 BHHS Fox & Roach-Mt Laurel
Investment Insights
Based on property information with market context.
This duplex includes two separate residences arranged across two floors. The first-floor unit has one bedroom, a living area, dining area, and kitchen, while the second-floor unit provides two bedrooms, a living room, and kitchen. Both residences include their own washer and dryer hookups, heating systems, and air-conditioning systems.
The property has direct creek access, a private dock, and water views from both units. Located at 1915 Marne Highway in Hainesport, it is near Route 38 shopping, restaurants, major roadways, and everyday amenities. The property was built in 1950.
The property has direct creek access, a private dock, and water views from both units. Located at 1915 Marne Highway in Hainesport, it is near Route 38 shopping, restaurants, major roadways, and everyday amenities. The property was built in 1950.
Key Highlights
- Two‑unit duplex with one‑bedroom and two‑bedroom residences
- Direct creek access with a private dock
- First‑floor unit includes living, dining, kitchen, and creek views
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
$21,496
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
7.19%
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%
$429,920
$429.9K
Cap Rate 7%
$307,086
$307.1K
Cap Rate 9%
$238,844
$238.8K
Market Conditions
NOI Build-Up for 1,500 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
$32.4K $21.60/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$30.7K $20.47/SF
− OpEx
−$9.2K −$6.14/SF
NOI
$21.5K $14.33/SF
Area
Burlington County, NJ
Vacancy
5.22%
Lease Rate
$21.60 /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%
$429,920
Cap Rate 7%
$307,086
Cap Rate 9%
$238,844
Alternative Uses
Best Use
Multifamily LT 5
$307.1K
$268.7K – $358.3K
NOI $21,496 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$280.7K
$245.6K – $327.5K
NOI $19,647 @ 7.0% cap · market cap 6.57%
Theoretical Best
Warehouse
$3.14M
$2.75M – $3.66M
NOI $219,605 @ 7.0% cap · market cap 73.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 08036, NJ
6,021
Population
2,601
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
96%
High-School Grad
6.4 sq mi
ZIP Area
941
Density / Sq Mi
$137,610
Median Household Income
$66,396
Median Earnings
$1,453
Median Rent
$397,800
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 residences feature separate heating and air-conditioning systems with individual washer and dryer hookups.
Where is this duplex located?
The property is located at 1915 MARNE HIGHWAY Hainesport, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex with one‑bedroom and two‑bedroom residences; Direct creek access with a private dock; First‑floor unit includes living, dining, kitchen, and creek views
