318-320 London Avenue Egg Harbor City, NJ 08215
MULTI_FAMILY - Egg Harbor City, NJ
Property Features for 318-320 London Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Active
- APN
- 07-00201-0000-00002-02
- Size
- 1,562 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6130
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
Listing agent Donna Mancuso License #0675353 (732) 800-1767
Listing office Jersey Property Group Realty 1142 Corlies Ave., Neptune, NJ (732) 800-1767
Listing date May 15, 2026
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.
Prospective buyers should plan to conduct their own due diligence, including inspections and any municipal requirements. The seller also notes limited knowledge regarding measurements and unit conditions, so buyer verification is important. Please respect tenant occupancy and do not approach the property without a confirmed appointment.
All buyers are responsible for completing due diligence in accordance with applicable New Jersey guidelines before closing.
Key Highlights
- Tenant‑occupied property with immediate income potential.
- Currently leased, ensuring a seamless transition.
- Located at coordinates: [-74.64582, 39.533096].
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 | $27.2k | $17.40 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $25.4k | $16.27 |
| − OpEx | −$7.6k | −$4.88 |
| NOI | $17.8k | $11.39 |
