Two-Unit Duplex with Storage
211 & 213 N BROADWAY, Gloucester City, NJ 08030
For Sale
New
$449,000
Each attached residence has three bedrooms, an updated kitchen, and hardwood flooring.
Property Size2,970 SF
Price / SF$151.18
Days on Market4
Property Features for 211 & 213 N BROADWAY
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Amenities
fenced parking area
Listing Agency:
Weichert Realtors - Moorestown
(856) 235-1950
Listed By:
Catherine Williams
(856) 906-7466
Source:
Graves
Added: Nov 4
Changed: Nov 5
Last Checked: Nov 6 at 8:35AM
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 Weichert Realtors - Moorestown
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Investment Insights
Based on property information with market context.
This duplex consists of two attached, two-story residences, each configured with three bedrooms and one full bath. Both feature updated kitchens with gray shaker cabinetry and custom countertops, hardwood flooring, a bay window, and a great room with a dining area adjoining the kitchen. The property also includes a separate, one-story brick building used for storage.
Renovation work was completed about five years ago. Public utilities serve the property, with gas and electric service.
Renovation work was completed about five years ago. Public utilities serve the property, with gas and electric service.
Key Highlights
- Two attached residences, each with 3 bedrooms and 1 full bath
- Updated kitchens include gray shaker cabinetry and custom countertops
- Hardwood floors, bay windows, and great rooms with dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,778
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,560
$675.6K
Cap Rate 7%
$482,543
$482.5K
Cap Rate 9%
$375,311
$375.3K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$51.0K $17.16/SF
− Vacancy
−$2.7K −$0.91/SF
EGI
$48.3K $16.25/SF
− OpEx
−$14.5K −$4.87/SF
NOI
$33.8K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,560
Cap Rate 7%
$482,543
Cap Rate 9%
$375,311
Alternative Uses
Best Use
Multifamily LT 5
$482.5K
$422.2K – $563.0K
NOI $33,778 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$430.9K
$377.0K – $502.7K
NOI $30,162 @ 7.0% cap · market cap 6.72%
Theoretical Best
Office A
$753.1K
$658.9K – $878.6K
NOI $52,714 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Camden County, NJ
Properties on Market for Duplexes in Camden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each attached residence has three bedrooms, an updated kitchen, and hardwood flooring.
Where is this duplex located?
The property is located at 211 & 213 N BROADWAY Gloucester City, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two attached residences, each with 3 bedrooms and 1 full bath; Updated kitchens include gray shaker cabinetry and custom countertops; Hardwood floors, bay windows, and great rooms with dining areas
