Duplex Investment
For Sale
$320,000
209 Chicago Avenue, Egg Harbor City, NJ 08215
Duplex for sale at 209 Chicago Avenue in Egg Harbor City, NJ.
Property Size1,200 SF
Price / SF$266.67
Days on Market228
Property Features for 209 Chicago Avenue
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-family
Building Details
Year Built
1960
Listing Agency:
Jersey Property Group Realty
Listed By:
Donna Mancuso · License #0675353
(609) 977-3926
Source:
Actionplusrealty
Added: Mar 15
Changed: Oct 27
Last Checked: Oct 26 at 4:26PM
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 Jersey Property Group Realty
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Investment Insights
Based on property information with market context.
Offered for sale: a duplex property located at 209 Chicago Avenue in Egg Harbor City, NJ 08215. The offering is categorized as a residential income property, with property types listed as duplexes and multifamily.
The current asking price is $320,000. For investors and owner-occupants seeking rental income housing, this duplex provides a straightforward residential income format.
Additional details such as unit configuration, interior condition, and any operating history are not provided in the information available here. Interested parties should verify all facts and perform due diligence during inspection and underwriting.
The current asking price is $320,000. For investors and owner-occupants seeking rental income housing, this duplex provides a straightforward residential income format.
Additional details such as unit configuration, interior condition, and any operating history are not provided in the information available here. Interested parties should verify all facts and perform due diligence during inspection and underwriting.
Key Highlights
- Duplex for sale at 209 Chicago Avenue in Egg Harbor City, NJ
- 5 bedrooms total
- Gas‑natural heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,666
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,320
$273.3K
Cap Rate 7%
$195,229
$195.2K
Cap Rate 9%
$151,844
$151.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$19.5K $16.27/SF
− OpEx
−$5.9K −$4.88/SF
NOI
$13.7K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,320
Cap Rate 7%
$195,229
Cap Rate 9%
$151,844
Alternative Uses
Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.8K
NOI $13,666 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$171.6K
$150.2K – $200.2K
NOI $12,012 @ 7.0% cap · market cap 3.75%
Theoretical Best
Warehouse
$446.9K
$391.0K – $521.4K
NOI $31,281 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
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Business Placement
Demographics for 08215, NJ
14,092
Population
5,813
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,630
Median Household Income
$46,680
Median Earnings
$1,525
Median Rent
$266,500
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
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale at 209 Chicago Avenue in Egg Harbor City, NJ.
Where is this duplex located?
The property is located at 209 Chicago Avenue Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex for sale at 209 Chicago Avenue in Egg Harbor City, NJ; 5 bedrooms total; Gas‑natural heating
