Tenant-Occupied Duplex in
212 North Centre Street, Merchantville, NJ 08109
Two tenant-occupied duplexes to be sold together in as-is condition.
Type:Multi-Family / Fee Simple
Property size:
1,354 SFPrice / SF:
$184/SF- Added:
- May 17, 2026
- Days on Market:
- 14
- Last Refresh:
- May 19 at 9:00 pm
Property Features for 212 North Centre Street
General Information
- Standard status
- Active
- Size
- 1,354 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1926
Listing agent Michelle R Konefsky-Roberts License #790878 (609) 440-7944
Listing office Keller Williams Realty (609) 440-7944
Listing date May 17, 2026
Source Compass
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HighLights
- Multi‑family duplex: Ideal for investors seeking rental income.
- Two separate deeds (210 & 212 Centre St) to be sold together.
- Long‑term tenants in place: Provides immediate rental income.
- Located in Merchantville Boro.
- 212A has basement access.
- Built in 1926: Character and potential for renovation.
Overview
The property at 212 North Centre Street is a duplex, classified as a multi-family residential income property. It is being sold together with the adjacent property at 210 Centre St. Each side of the building functions as a duplex. The property at 212 N Centre is on one deed, and 210 N Centre is on another deed; both are to be sold at the same time. All units are tenant-occupied with long-term tenants. Unit 212A has basement access. The landlord is responsible for water and sewer services. The property is being sold in as-is condition. It is located in Merchantville Boro, within Camden County. The school district is Merchantville Public Schools.
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 | $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 Uses
Best Use
Multifamily LT 5
$220.0K
$192.5K – $256.7K
NOI $15,399 @ 7.0% cap · market cap 6.16%
Second Best
Apartment 5plus
$196.4K
$171.9K – $229.2K
NOI $13,751 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$343.3K
$300.4K – $400.5K
NOI $24,032 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Merchantville
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0501
- Latitude
- 39.95
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two tenant-occupied duplexes to be sold together in as-is condition.
Where is this duplex located?
The property is located at 212 North 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 investors seeking rental income.; Two separate deeds (210 & 212 Centre St) to be sold together.; Long‑term tenants in place: Provides immediate rental income.
