Tenant-Occupied Multifamily
318-320 London Avenue, Egg Harbor City, NJ 08215
For Sale
$280,000
The currently leased building is offered in as-is condition.
Property Size1,562 SF
Price / SF$179.26
Days on Market179
Property Features for 318-320 London Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
Jersey Property Group Realty
Listed By:
Donna Mancuso · License #0675353
(732) 800-1767
Source:
Delvirginiarealtors
Added: May 15
Changed: Nov 4
Last Checked: Nov 8 at 3:10AM
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 Jersey Property Group Realty
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Investment Insights
Based on property information with market context.
Built in 1920, this tenant-occupied multifamily property is currently leased and offered in as-is condition. Access requires a confirmed appointment; prospective buyers should not approach the property without one. Buyers are responsible for inspections, verifying unit conditions, and reviewing applicable municipal requirements under New Jersey guidelines. The seller makes no representations or warranties.
Key Highlights
- Currently leased and occupied by tenants
- Built in 1920
- Buyer responsible for inspections, unit‑condition review, and municipal requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,635
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,700
$312.7K
Cap Rate 7%
$223,357
$223.4K
Cap Rate 9%
$173,722
$173.7K
Market Conditions
NOI Build-Up for 1,562 SF
Gross rent
$30.2K $19.32/SF
− Vacancy
−$1.8K −$1.12/SF
EGI
$28.4K $18.20/SF
− OpEx
−$12.8K −$8.19/SF
NOI
$15.6K $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%
$312,700
Cap Rate 7%
$223,357
Cap Rate 9%
$173,722
Alternative Uses
Best Use
Apartment 5plus
$223.4K
$195.4K – $260.6K
NOI $15,635 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$581.7K
$509.0K – $678.6K
NOI $40,717 @ 7.0% cap · market cap 14.54%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
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Business Placement
Demographics for 08215, NJ
14,092
Population
5,813
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,630
Median Household Income
$46,680
Median Earnings
$1,525
Median Rent
$266,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Egg Harbor City, NJ
Properties on Market for Multifamily properties in Egg Harbor City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The currently leased building is offered in as-is condition.
Where is this multifamily property located?
The property is located at 318-320 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: Currently leased and occupied by tenants; Built in 1920; Buyer responsible for inspections, unit‑condition review, and municipal requirements
