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Tenant-Occupied Multifamily Investment Opportunity

209 Chicago Avenue Egg Harbor City, NJ 08215

209 Chicago Avenue, Egg Harbor City, NJ, 08215
$320,000
For Sale
Claim this Listing
$320,000

MULTI_FAMILY - Egg Harbor City, NJ

Property Size1,200 SF
Lot Size0.17 Acres
Price / SF$266.67
AddedMay 13
Days on Market65
Last RefreshJul 16 at 9:06 am

Property Features for 209 Chicago Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5
Standard status
Active
APN
07-00432-0000-00028
Size
1,200 SF
Lot size
0.17 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
5351

Utilities

Sewer type
Public Sewer
Water source
Public

Building Details

Year built
1960
Floors in Building
1
Number of units
2

Listing agent Donna Mancuso License #0675353

Listing office Jersey Property Group Realty 1142 Corlies Ave., Neptune, NJ

Listing date May 13, 2026

MLS# 22614043 Listing URL

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 tenant-occupied multifamily property, situated in Egg Harbor City, New Jersey, presents a strong investment opportunity with immediate income potential. The property is currently leased, ensuring a seamless transition for the new owner. The property is offered strictly as-is, where-is, with the seller providing no representations or warranties. The buyer is responsible for all due diligence, inspections, and municipal requirements as per New Jersey guidelines. Respect for tenant occupancy is required; approaching the property without a confirmed appointment is prohibited. Buyers are expected to conduct their due diligence regarding unit conditions. The sellers acknowledge limited knowledge of the property's measurements. The lot size is 0.17 acres, and the property size is 1200 square feet.

Key Highlights

  • Year built: 1960
  • Tenant‑occupied and currently leased
  • Public water service available

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $20.9k $17.40
− Vacancy −$1.4k −$1.13
EGI $19.5k $16.27
− OpEx −$5.9k −$4.88
NOI $13.7k $11.39
1,200 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$195.2K
$170.8K – $227.8K (±1% cap)
NOI $13,666 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$171.6K
$150.2K – $200.2K (±1% cap)
NOI $12,012 @ 7.0% cap · market cap 3.75%
Theoretical Best
Warehouse
$446.9K
$391.0K – $521.4K (±1% cap)
NOI $31,281 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Hair Salon Spa & Massage Center Garden Center Skin Care Clinic Carpet & Flooring Store Computer & Electronic Repair Catering Service Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Tenant-occupied multifamily property with immediate income potential in Egg Harbor City.
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: Year built: 1960; Tenant‑occupied and currently leased; Public water service available
Contact an agent
More about this property
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