Gloucester City Triplex
410 Monmouth Street, Gloucester City, NJ 08030
Three-unit property with income potential in evolving Gloucester City market.
Type:Multi-Family / Fee Simple
Property size:
1,960 SFPrice / SF:
$178/SF- Added:
- Mar 24, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 25 at 8:28 pm
Property Features for 410 Monmouth Street
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agent William B Spinner License #1647459 (856) 418-7852
Listing office Real Broker, LLC (856) 418-7852
Listing date Mar 24, 2026
Source Compass
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 Real Broker, LLC
HighLights
- Strong appreciation potential in rapidly evolving Gloucester City market.
- Two occupied units generating $2,430/month in rental income.
- Vacant third‑floor studio ideal for owner‑occupant or additional rental income.
- Oversized lot and convenient location near major highways, bridges, and Philadelphia.
- Opportunity to build equity through repositioning and market growth.
- Located in an improving area undergoing revitalization.
Overview
This three-unit property presents an opportunity in the rapidly evolving Gloucester City market. The triplex includes two occupied one-bedroom units, generating $1,250 and $1,180 per month respectively. A vacant third-floor studio is also present, suitable for an owner-occupant or future rental income. The property's value lies in its potential for repositioning and market growth. It is suited for buyers aiming to enter an improving area and build equity, or for investors seeking a long-term hold with rental growth potential. The property is situated on an oversized lot and is conveniently located near major highways, bridges, and Philadelphia. It benefits from increasing demand and ongoing revitalization in Gloucester City. The property offers the possibility to live in one unit while improving and stabilizing the asset in a neighborhood on the rise. The property size is 1960 square feet. The property is located in Gloucester City, Camden County, within the Gloucester City Schools district.
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 | $33.6k | $17.16 |
| − Vacancy | −$1.8k | −$0.91 |
| EGI | $31.8k | $16.25 |
| − OpEx | −$9.6k | −$4.87 |
| NOI | $22.3k | $11.37 |
1,960 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$318.4K
$278.6K – $371.5K
NOI $22,291 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$284.4K
$248.8K – $331.8K
NOI $19,905 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$497.0K
$434.9K – $579.8K
NOI $34,788 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Gloucester City
- County
- Camden
- State
- New Jersey
- Longitude
- -75.1219475
- Latitude
- 39.8970699
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit property with income potential in evolving Gloucester City market.
Where is this triplex located?
The property is located at 410 Monmouth Street Gloucester City, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Strong appreciation potential in rapidly evolving Gloucester City market.; Two occupied units generating $2,430/month in rental income.; Vacant third‑floor studio ideal for owner‑occupant or additional rental income.
