Renovated Multifamily Community in Egg
For Sale
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2580 Tilton Rd, Egg Harbor Township, NJ 08234
Recently renovated multifamily community with diverse unit mix and amenities.
Property Size55,000 SF
Lot Size4.83 Acres
Price / SF$281.82
Days on Market222
Property Features for 2580 Tilton Rd
General Information
Standard status
Active
Size
55,000 SF
Lot size
4.83 Acres
Property subtype
Multifamily
Building Details
Year Renovated
2025
Buildings
5
Stories
1
Units
92
Listing Agency:
Hudson Atlantic Realty
Listed By:
Adam Zweibel · License #1326852
Source:
Crexi
Added: Feb 27
Changed: Sep 5
Last Checked: Oct 5 at 6:01PM
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 Hudson Atlantic Realty
Investment Insights
Based on property information with market context.
Harbor Apartments is a multifamily community that was recently renovated in 2025. The property offers studio through three-bedroom floor plans, including designated COAH units. The unit mix supports broad renter demand, serving both individual households and larger families within a single suburban asset. Community amenities include a basketball court, pickleball court, and indoor workout room. These amenities enhance resident experience and support long-term retention. The balanced unit composition across the 4.83-acre site supports steady leasing activity and positions the property for sustained performance. Located in Egg Harbor Township, a growing suburban market in Atlantic County, the property benefits from strong connectivity and a well-established amenity base. NJ Transit bus service along Tilton Road provides direct connectivity to regional destinations, while Atlantic City International Airport is within a 15-minute drive. US Route 40 and the Garden State Parkway offer efficient vehicular access throughout South Jersey and the Jersey Shore. Nearby retail centers, including Cardiff Plaza, Circle Plaza, and Harbor Square, provide daily conveniences. Major employers such as FedEx Freight, UPS, Hi-Tec Systems, and Raytheon support consistent rental demand. The property size is 55000 square feet.
Key Highlights
- Recently renovated in 2025, offering modern living spaces.
- Diverse unit mix, including studio to three‑bedroom options and designated COAH units, catering to a wide range of renters.
- Strong connectivity via NJ Transit, Atlantic City International Airport, US Route 40, and the Garden State Parkway.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$550,533
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,010,660
$11.0M
Cap Rate 7%
$7,864,757
$7.9M
Cap Rate 9%
$6,117,033
$6.1M
Market Conditions
NOI Build-Up for 55,000 SF
Gross rent
$1.06M $19.32/SF
− Vacancy
−$61.6K −$1.12/SF
EGI
$1.00M $18.20/SF
− OpEx
−$450.4K −$8.19/SF
NOI
$550.5K $10.01/SF
Area
Atlantic County, NJ
Vacancy
5.80%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,010,660
Cap Rate 7%
$7,864,757
Cap Rate 9%
$6,117,033
Alternative Uses
Best Use
Apartment 5plus
$7.86M
$6.88M – $9.18M
NOI $550,533 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$20.48M
$17.92M – $23.90M
NOI $1,433,714 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
Explore this area
Business Placement
Demographics for 08234, NJ
46,906
Population
17,728
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
92%
High-School Grad
60.7 sq mi
ZIP Area
773
Density / Sq Mi
$96,604
Median Household Income
$46,070
Median Earnings
$1,466
Median Rent
$285,700
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently renovated multifamily community with diverse unit mix and amenities.
Where is this apartment building located?
The property is located at 2580 Tilton Rd Egg Harbor Township, NJ.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: Recently renovated in 2025, offering modern living spaces.; Diverse unit mix, including studio to three‑bedroom options and designated COAH units, catering to a wide range of renters.; Strong connectivity via NJ Transit, Atlantic City International Airport, US Route 40, and the Garden State Parkway.
