Income Duplex with Two
224 Delsea Drive Westville, NJ 08093
224 Delsea Drive, Westville, NJ, 08093
$295,000
For Sale
$295,000
Duplex in Westville includes two occupied units with separate layouts, eat-in kitchens, in-unit laundry for the two-bedroom unit, and a shared yard.
Property Size1,488 SF
Price / SF$198.25
Days on Market254
Property Features for 224 Delsea Drive
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1926
Listing agency
BHHS Fox & Roach-109 34th St Ocean City
(609) 705-4295
Listed by
Laura A Idell · License #1542588
(609) 705-4295
Source
Compass
Added: Nov 10, 2025 Updated: Jul 22 at 5:03PM Checked: Jul 22 at 5:03PM
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 BHHS Fox & Roach-109 34th St Ocean City
Investment Insights
Based on property information with market context.
This duplex offers two rental units configured for separate living. The first-floor unit is a two-bedroom layout with one full bath, an eat-in kitchen, a living room, in-unit laundry, and access to an unfinished basement used for storage. The second-floor unit is a one-bedroom residence with one large full bath, an eat-in kitchen, and a living room.
The property includes a common back yard and a one-car driveway. Both units are fully occupied, with yearly lease terms in place until February 2027 and May 2026, respectively. Lease details are available in the MLS.
The offering is presented as a residential income property in the Gloucester County area, in the Westville Boro MLS area (20821).
The property includes a common back yard and a one-car driveway. Both units are fully occupied, with yearly lease terms in place until February 2027 and May 2026, respectively. Lease details are available in the MLS.
The offering is presented as a residential income property in the Gloucester County area, in the Westville Boro MLS area (20821).
Key Highlights
- Duplex in Westville, NJ with 2 fully occupied units and separate layouts
- Two‑bedroom unit includes 1 full bath, eat‑in kitchen, living room, in‑unit laundry, and basement (unfinished storage)
- One‑bedroom unit features a large full bath, eat‑in kitchen, and living room
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 | $29.5k | $19.80 |
| − Vacancy | −$1.5k | −$1.03 |
| EGI | $27.9k | $18.77 |
| − OpEx | −$8.4k | −$5.63 |
| NOI | $19.6k | $13.14 |
1,488 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$279.3K
$244.4K – $325.9K
NOI $19,551 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$248.5K
$217.4K – $289.9K
NOI $17,392 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$500.2K
$437.7K – $583.5K
NOI $35,012 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex in Westville includes two occupied units with separate layouts, eat-in kitchens, in-unit laundry for the two-bedroom unit, and a shared yard.
Where is this duplex located?
The property is located at 224 Delsea Drive Westville, NJ.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Duplex in Westville, NJ with 2 fully occupied units and separate layouts; Two‑bedroom unit includes 1 full bath, eat‑in kitchen, living room, in‑unit laundry, and basement (unfinished storage); One‑bedroom unit features a large full bath, eat‑in kitchen, and living room
