Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Merchantville Duplex Multi-Family Property Title is generated by Realmo AI

    212 N CENTRE Street, Merchantville, NJ 08109

    View on Map
    Claim this Listing
    New
    For Sale
    $250,000

    MULTI_FAMILY - MERCHANTVILLE, NJ

    Property size:
    1,354 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $184/SF
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 6:06 pm

    Property Features for 212 N CENTRE Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    On Street
    Standard status
    Active
    Size
    1,354 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5056

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1926
    Number of units
    2
    Building materials
    Frame

    We can help!

    Listing Contact
    Michelle R Konefsky-Roberts

    Listing agent Michelle R Konefsky-Roberts License #790878

    Listing office Keller Williams Realty 409 Marlton Pike, Cherry Hill, NJ

    Listing date May 18, 2026

    MLS# NJCD2118060 Listing URL

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑family duplex: Ideal for investment with potential rental income.
    • Two properties included: 210 and 212 Centre St. to be sold together.
    • Long‑term tenants: Provides immediate and consistent rental income.
    • Separate Deeds: 210 and 212 N Centre are on individual deeds.
    • Basement Access: 212A unit includes basement access.
    • Built in 1926: Classic construction with potential for renovation.

    Overview

    This multi-family duplex property, located in Merchantville, NJ, is being sold in as-is condition. It consists of two duplexes and is to be sold together with the property located at 210 Centre St. The property at 212 N Centre is on one deed, and 210 N Centre is on another deed; however, both are to be sold at the same time. The property is tenant-occupied with long-term tenants. 212A has basement access. The landlord is responsible for water and sewer. The property has a size of 1354 square feet and sits on a lot of 0.0493 acres.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $171.1K
    NOI $15,399 @ 9.00% cap · cautious / downside scenario
    Moderate
    $220.0K
    NOI $15,399 @ 7.00% cap · market / base-case scenario
    Aggressive
    $308.0K
    NOI $15,399 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $23.2k $17.16
    − Vacancy −$1.2k −$0.91
    EGI $22.0k $16.25
    − OpEx −$6.6k −$4.87
    NOI $15.4k $11.37
    1,354 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $220.0K
    $192.5K – $256.7K (±1% cap)
    NOI $15,399 @ 7.0% cap · market cap 6.16%
    Second Best
    Apartment 5plus
    $196.4K
    $171.9K – $229.2K (±1% cap)
    NOI $13,751 @ 7.0% cap · market cap 5.50%
    Theoretical Best
    Office A
    $343.3K
    $300.4K – $400.5K (±1% cap)
    NOI $24,032 @ 7.0% cap · market cap 9.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Merchantville
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0501
    Latitude
    39.95

    Nearby Similar for Sale

    • $350,000
      1,630 SF

      Merchantville Multi-Family Investment Opportunity

      Two-unit property in Merchantville, NJ with long-term tenant.
      213 W END AVE, MERCHANTVILLE, NJ 08109
      View Details
    • $250,000
      1,372 SF

      Merchantville Duplex Multifamily Investment Opportunity

      Two tenant-occupied duplexes for sale together in Merchantville, New Jersey.
      210 N CENTRE Street, MERCHANTVILLE, NJ 08109
      View Details
    • $799,000
      3,248 SF

      Mixed-Use Property in Merchantville, NJ

      Versatile mixed-use property in Merchantville's downtown district.
      24 S Centre Street S, Merchantville, NJ 08109
      View Details
    • $199,999

      Charming Mixed-Use Property in Merchantville

      Commercial and residential units in the heart of Merchantville, NJ.
      22 CENTRE, MERCHANTVILLE, NJ 08109
      View Details
    • Contact for pricing
      9,204 SF

      Retail Property on Maple Avenue

      Freestanding retail property with high visibility in a dense market.
      Pennsauken Township, NJ 08109
      View Details

    FAQs

    What type of property is this?
    Duplex - Multi-family duplex in Merchantville, tenant occupied, sold as-is.
    Where is this duplex located?
    The property is located at 212 N CENTRE Street Merchantville, NJ.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Multi‑family duplex: Ideal for investment with potential rental income.; Two properties included: 210 and 212 Centre St. to be sold together.; Long‑term tenants: Provides immediate and consistent rental income.
    (609) 440-7944
    We can help!
    Listing Contact
    Michelle R Konefsky-Roberts
    Real Estate License ID: 790878
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    212 N CENTRE Street, MERCHANTVILLE, NJ 08109
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!