Two-Unit
For Sale
$600,000
212 N Suffolk Ave, Ventnor Heights, NJ 08406
Two residential units are leased together through March 2028, with tenants responsible for utilities and routine exterior upkeep.
Property Size2,000 SF
Days on Market51
Property Features for 212 N Suffolk Ave
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Duplex
Additional Details
Gross Income
$38,400
Multifamily Units
2
Building Details
Building Size
2,000 SF
Year Built
1929
Tenancy
Single
Listing Agency:
New and Modern
Listed By:
Orkeem Davis · License #2077560
(609) 277-6900
Source:
Anthonychiolo.kw
Added: Sep 4
Changed: Oct 13
Last Checked: Oct 23 at 3:42AM
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 New and Modern
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex contains approximately 2,000 square feet and was built in 1929. Both residences are currently occupied under a single lease scheduled to run through March 2028, providing one shared lease structure for the property. Tenants pay their own utilities and handle basic upkeep, including landscaping and snow removal.
The property is located at 212 N Suffolk Ave in Ventnor Heights, New Jersey. It is being offered in its current condition, with the existing tenancy and operating arrangements carrying forward as part of the property’s present setup.
The property is located at 212 N Suffolk Ave in Ventnor Heights, New Jersey. It is being offered in its current condition, with the existing tenancy and operating arrangements carrying forward as part of the property’s present setup.
Key Highlights
- Two‑unit duplex with approximately 2,000 square feet
- Both units covered by one lease expiring in March 2028
- Tenants pay their own utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,777
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,540
$455.5K
Cap Rate 7%
$325,386
$325.4K
Cap Rate 9%
$253,078
$253.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$34.8K $17.40/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$32.5K $16.27/SF
− OpEx
−$9.8K −$4.88/SF
NOI
$22.8K $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%
$455,540
Cap Rate 7%
$325,386
Cap Rate 9%
$253,078
Alternative Uses
Best Use
Multifamily LT 5
$325.4K
$284.7K – $379.6K
NOI $22,777 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$286.0K
$250.2K – $333.7K
NOI $20,019 @ 7.0% cap · market cap 3.34%
Theoretical Best
Warehouse
$744.8K
$651.7K – $868.9K
NOI $52,135 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are leased together through March 2028, with tenants responsible for utilities and routine exterior upkeep.
Where is this duplex located?
The property is located at 212 N Suffolk Ave Ventnor Heights, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2,000 square feet; Both units covered by one lease expiring in March 2028; Tenants pay their own utilities
