Two-Home Duplex With Separate
429 E MAIN STREET, Maple Shade, NJ 08052
For Sale
New
$750,000
Two attached residences offer separate gas and electric meters, with a sealed interior connection that can be reopened.
Property Size3,958 SF
Price / SF$189.49
Days on Market4
Property Features for 429 E MAIN STREET
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Building Details
Year Built
Buildings
Listing Agency:
HomeSmart First Advantage Realty
(856) 363-3000
Listed By:
Nicole C McGinnis · License #568258
(609) 923-1155
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:05AM
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 HomeSmart First Advantage Realty
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Investment Insights
Based on property information with market context.
Built in 1930, this duplex comprises two attached residences with independent gas and electric meters. The larger home has three bedrooms, two full baths and two half baths, hardwood floors, a wood-burning fireplace, and a kitchen with custom cabinetry, granite counters, stainless steel appliances, and a gas range. It also includes a finished basement, a fenced backyard, and a two-car garage. The second residence has three bedrooms and one and a half baths, plus a remodeled kitchen and its own laundry area. A connecting doorway between the homes is sealed but may be reopened.
The property is in Maple Shade’s downtown business district, with local highways, shops, and dining nearby. The prior use of the second residence was office space; any future use requiring township approval is subject to obtaining it.
The property is in Maple Shade’s downtown business district, with local highways, shops, and dining nearby. The prior use of the second residence was office space; any future use requiring township approval is subject to obtaining it.
Key Highlights
- Two attached residences with separate gas and electric meters
- First residence: 3 bedrooms, 2 full baths, and 2 half baths
- Second residence: 3 bedrooms and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,242
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,840
$1.3M
Cap Rate 7%
$946,314
$946.3K
Cap Rate 9%
$736,022
$736.0K
Market Conditions
NOI Build-Up for 3,958 SF
Gross rent
$101.2K $25.56/SF
− Vacancy
−$6.5K −$1.65/SF
EGI
$94.6K $23.91/SF
− OpEx
−$28.4K −$7.17/SF
NOI
$66.2K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,840
Cap Rate 7%
$946,314
Cap Rate 9%
$736,022
Alternative Uses
Best Use
Multifamily LT 5
$946.3K
$828.0K – $1.10M
NOI $66,242 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$869.5K
$760.8K – $1.01M
NOI $60,866 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.03M
$904.3K – $1.21M
NOI $72,346 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 08052, NJ
20,003
Population
9,401
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,264
Density / Sq Mi
$75,732
Median Household Income
$49,963
Median Earnings
$1,574
Median Rent
$235,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Ocean County, NJ
Properties on Market for Duplexes in Ocean County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer separate gas and electric meters, with a sealed interior connection that can be reopened.
Where is this duplex located?
The property is located at 429 E MAIN STREET Maple Shade, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two attached residences with separate gas and electric meters; First residence: 3 bedrooms, 2 full baths, and 2 half baths; Second residence: 3 bedrooms and 1.5 baths
