For Sale
$490,000
228 Pleasant St E, Hammonton, NJ 08037
Duplexes
Property Size2,272 SF
Price / SF$215.67
Days on Market52
Property Features for 228 Pleasant St E
General Information
Standard status
Active
Size
2,272 SF
Property subtype
Multi-Family
Building Details
Year Built
1920
Listing Agency:
Sabal Real Estate
Listed By:
Jenifer Raffa · License #0453407
(856) 872-4100
Source:
Bernadetteaugello
Added: Aug 25
Changed: Oct 8
Last Checked: Oct 7 at 2:44PM
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 Sabal Real Estate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,874
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,480
$517.5K
Cap Rate 7%
$369,629
$369.6K
Cap Rate 9%
$287,489
$287.5K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$39.5K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.0K $16.27/SF
− OpEx
−$11.1K −$4.88/SF
NOI
$25.9K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,480
Cap Rate 7%
$369,629
Cap Rate 9%
$287,489
Alternative Uses
Best Use
Multifamily LT 5
$369.6K
$323.4K – $431.2K
NOI $25,874 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$324.9K
$284.3K – $379.0K
NOI $22,742 @ 7.0% cap · market cap 4.64%
Theoretical Best
Warehouse
$846.1K
$740.3K – $987.1K
NOI $59,225 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
Where is this duplex located?
The property is located at 228 Pleasant St E Hammonton, NJ.
What is the asking price?
The asking price for this property is $490,000.
