Building Details

Year Built 1900

Buildings 1

Listing Agency: BHHS Fox & Roach-Washington-Gloucester Show Phone

Listed By: Michael J Carducci · License #8641675 Show Phone

Source: Cummingsrealtors

Added: Aug 7 Changed: Oct 6 Last Checked: Oct 5 at 6:51PM

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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 BHHS Fox & Roach-Washington-Gloucester

Investment Insights

Based on property information with market context.

This duplex contains two 2-bedroom residences within 2,150 square feet, offering a combination of current occupancy and near-term flexibility. The vacant unit has fresh interior paint and is prepared for immediate use, while the second residence is occupied by a long-term tenant. The property was built in 1900 and is located at 433 N Delsea Drive in Clayton, New Jersey.

Capital improvements include a replacement roof with plywood sheathing and two new hot water heaters completed in 2018. HVAC work in 2019 included a new motor, control board, and other system components. Additional work in 2022 and 2024 addressed landscaping, lead-safety certification, interior painting, the rear step and railing, and concrete repairs. Both residences receive professional pest treatment on a monthly or bi-monthly schedule.

Key Highlights

• Duplex with two 2‑bedroom units and 2,150 SF of total property size
• One unit is vacant with fresh interior paint; the second is occupied by a long‑term tenant
• Roof with plywood sheathing and both hot water heaters replaced in 2018

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,249

Cap Rate

7.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$564,980 $565.0K

Cap Rate 7%

$403,557 $403.6K

Cap Rate 9%

$313,878 $313.9K

Market Conditions

NOI Build-Up for 2,150 SF

Gross rent

$42.6K $19.80/SF

− Vacancy

−$2.2K −$1.03/SF

EGI

$40.4K $18.77/SF

− OpEx

−$12.1K −$5.63/SF

NOI

$28.2K $13.14/SF

Area

Gloucester County, NJ

Vacancy

5.20%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$564,980

Cap Rate 7%

$403,557

Cap Rate 9%

$313,878

Alternative Uses

Best Use

Multifamily LT 5

$403.6K

$353.1K – $470.8K (±1% cap)

NOI $28,249 @ 7.0% cap · market cap 7.53%

Second Best

Apartment 5plus

$359.0K

$314.1K – $418.8K (±1% cap)

NOI $25,130 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$722.7K

$632.4K – $843.2K (±1% cap)

NOI $50,589 @ 7.0% cap · market cap 13.49%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

232

Businesses Nearby

Explore this area Business Placement

Demographics for 08312, NJ

8,465

Population

3,558

Households

2.4

Avg Household Size

40

Median Age

22%

College-Educated

93%

High-School Grad

5.5 sq mi

ZIP Area

1,539

Density / Sq Mi

$88,448

Median Household Income

$46,950

Median Earnings

$1,204

Median Rent

$248,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property combining an updated vacant residence with an occupied unit generating ongoing rental income.

Where is this duplex located?

The property is located at 433 N DELSEA DRIVE Clayton, NJ.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: Duplex with two 2‑bedroom units and 2,150 SF of total property size; One unit is vacant with fresh interior paint; the second is occupied by a long‑term tenant; Roof with plywood sheathing and both hot water heaters replaced in 2018