Tenant-Occupied Duplex
216-218 London Avenue Egg Harbor City, NJ 08215
For Sale
$280,000
MULTI_FAMILY - Egg Harbor City, NJ
Property Size1,460 SF
Lot Size0.13 Acres
Price / SF$191.78
Days on Market72
Property Features for 216-218 London Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- 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 Agency:
Jersey Property Group Realty
(732) 800-1767
Listed By:
Donna Mancuso · License #0675353
(732) 800-1767
Added: May 15
Changed: Jul 17
Last Checked: Jul 25 at 1:06AM
MLS# 22614326
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.
This for-sale duplex (216-218 London Avenue) is positioned as a tenant-occupied residential income property. The offering is strictly as-is, where-is, with the seller making no representations or warranties. Buyer is responsible for all due diligence, including inspections and municipal requirements per New Jersey guidelines.
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.
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.
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 |
1,460 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$237.5K
$207.8K – $277.1K
NOI $16,627 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$208.8K
$182.7K – $243.6K
NOI $14,614 @ 7.0% cap · market cap 5.22%
Theoretical Best
Warehouse
$543.7K
$475.7K – $634.3K
NOI $38,059 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex income property for sale, offered as-is where-is and requiring buyer due diligence.
Where is this duplex located?
The property is located at 216-218 London Avenue Egg Harbor City, NJ.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Tenant‑occupied with immediate income potential.; Strong addition to an investment portfolio.; Seamless transition for new owner due to existing lease.
