216-218 London Avenue Egg Harbor City, NJ 08215
MULTI_FAMILY - Egg Harbor City, NJ
Property Features for 216-218 London Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- APN
- 07-00202-0000-00005
- Size
- 1,460 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5668
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1940
- Floors in Building
- 2
- Number of units
- 2
Listing agent Donna Mancuso License #0675353 (732) 800-1767
Listing office Jersey Property Group Realty 1142 Corlies Ave., Neptune, NJ (732) 800-1767
Listing date May 15, 2026
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in Egg Harbor City, in Atlantic County, New Jersey (08215). Please respect tenant occupancy and do not approach the property without a confirmed appointment.
The seller notes limited knowledge of the measurements and advises buyers to complete their own due-diligence regarding unit conditions.
Key Highlights
- Tenant‑occupied with immediate income potential.
- Strong addition to an investment portfolio.
- Seamless transition for new owner due to existing lease.
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 |
