Tenant-Occupied Duplex
318-320 London Avenue Egg Harbor City, NJ 08215
For Sale
$280,000
MULTI_FAMILY - Egg Harbor City, NJ
Property Size1,562 SF
Lot Size0.13 Acres
Price / SF$179.26
Days on Market72
Property Features for 318-320 London Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- 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 Agency:
Jersey Property Group Realty
(732) 800-1767
Listed By:
Donna Mancuso · License #0675353
(732) 800-1767
Added: May 15
Changed: Jul 17
Last Checked: Jul 25 at 1:06AM
MLS# 22614327
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.
This for-sale duplex at 318–320 London Avenue is positioned as a tenant-occupied income property. The units are currently leased, offering immediate occupancy at the time of sale. The property is being offered strictly as-is, where-is, and the seller makes no representations or warranties.
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.
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].
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 |
1,562 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$254.1K
$222.4K – $296.5K
NOI $17,789 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$223.4K
$195.4K – $260.6K
NOI $15,635 @ 7.0% cap · market cap 5.58%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex offered for sale on London Avenue, with property sold strictly as-is, where-is.
Where is this duplex 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: Tenant‑occupied property with immediate income potential.; Currently leased, ensuring a seamless transition.; Located at coordinates: [-74.64582, 39.533096].
