Creekfront Duplex with Private
For Sale
$299,000
Pending
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 Market48
Property Features for 1915 MARNE HIGHWAY
General Information
Standard status
Pending
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 19
Changed: Nov 4
Last Checked: Nov 4 at 8:03PM
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
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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 / Yr
$21,496
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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
