Charming Duplex with Storage
408 N Packard, Hammonton, NJ 08037
New
- Added:
- May 14, 2026
- Days on Market:
- 4
- Last Refresh:
- May 17 at 11:06 pm
Property Features for 408 N Packard
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1
- Rooms
- Basement
- Parking features
- Garage, Garage - Attached
- Patio and Porch features
- Porch
- Exterior features
- Porch, Shed
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 2,152 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5597
Utilities
- Heating system
- Natural Gas
- Cooling system
- Ceiling Fan(s), Multi Units, Window Unit(s)
Building Details
- Year built
- 1960
- Number of units
- 2
- Additional Structures
- Packing Shed, Shed(s)
Listing agent PATRICIA CHIU License #0451782 (609) 839-1311
Listing office BALSLEY/LOSCO 1630 NEW ROAD, Northfield, NJ (609) 646-3207
Listing date May 14, 2026
MLS# 607841
Listing URL
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex with Investment/Owner‑Occupant Potential: Live in one unit while renting the other.
- Expansive Unfinished Basement: Offers abundant storage.
- Oversized 2‑Car Garage with Additional Kitchen Area and Laundry Hookup: Provides ample parking and potential for a workshop.
- Separate Gas and Electric Hookups: Simplifies management and billing.
- Spacious Walk‑Up Attic: Offers additional storage space.
- Convenient Location: Close to local amenities, schools, and major roadways in Hammonton.
Overview
This charming duplex-style property offers excellent investment or owner-occupant potential. Each unit features one bedroom, providing comfortable living space with a functional layout and great natural light. Unit 1 includes its own laundry area, a nice kitchen, and a living room. The center door can easily be removed to limit access. Unit 2 features a sunken living room and a large kitchen with a dining area, along with an excellent-sized bedroom offering plenty of closet space. The home is situated on a well-maintained lot with ample outdoor space and off-street parking. A standout feature is the expansive full unfinished basement, offering abundant storage and tremendous potential for future finishing or additional use. Additionally, there is a spacious, walk-up attic with stairs, also great for storage. The oversized two-car garage includes an additional kitchen area and laundry hookup. A spacious detached shed in the backyard offers exceptional storage space. Gas and electric hookups are separated. The property can be maintained as a duplex or reapplied to the city for use as a single-family home. Conveniently located near local amenities, schools, and major roadways, this property presents a rare opportunity in Hammonton. The property size is 2152 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$272.3K
NOI $24,508 @ 9.00% cap · cautious / downside scenario
Moderate
$350.1K
NOI $24,508 @ 7.00% cap · market / base-case scenario
Aggressive
$490.2K
NOI $24,508 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $17.40 |
| − Vacancy | −$2.4k | −$1.13 |
| EGI | $35.0k | $16.27 |
| − OpEx | −$10.5k | −$4.88 |
| NOI | $24.5k | $11.39 |
2,152 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$350.1K
$306.4K – $408.5K
NOI $24,508 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$307.7K
$269.3K – $359.0K
NOI $21,541 @ 7.0% cap · market cap 4.87%
Theoretical Best
Warehouse
$801.4K
$701.2K – $935.0K
NOI $56,097 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Hammonton
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.8030379
- Latitude
- 39.6432059
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Versatile duplex in Hammonton with ample storage and outdoor space.
Where is this duplex located?
The property is located at 408 N Packard Hammonton, NJ.
What is the asking price?
The asking price for this property is $442,000.
What are key features of this property?
This property features: Duplex with Investment/Owner‑Occupant Potential: Live in one unit while renting the other.; Expansive Unfinished Basement: Offers abundant storage.; Oversized 2‑Car Garage with Additional Kitchen Area and Laundry Hookup: Provides ample parking and potential for a workshop.
