216-218 London Avenue Egg Harbor City, NJ 08215
Tenant-occupied duplex with immediate income potential in Egg Harbor.
Property Features for 216-218 London Avenue
General Information
- Standard status
- Active
- Size
- 1,460 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1940
Listing office Jersey Property Group Realty (609) 977-3926
Listing date Mar 25, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Tenant‑occupied property with immediate income potential.
- Currently leased, providing a seamless transition.
- Positioned as a strong addition to any investment portfolio.
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 | $25.4k | $17.40 |
| − Vacancy | −$1.7k | −$1.13 |
| EGI | $23.8k | $16.27 |
| − OpEx | −$7.1k | −$4.88 |
| NOI | $16.6k | $11.39 |
