Vacant Income Duplex
50 W MONROE STREET Mount Holly, NJ 08060
For Sale
$299,000
Duplex with two vacant units, off-street parking, and a large backyard with water-view access.
Property Size1,200 SF
Price / SF$249.17
Days on Market13
Property Features for 50 W MONROE STREET
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1930
Listing Agency:
EXP Realty, LLC
(201) 774-0019
Listed By:
Kyra L. Brinson · License #13248554
(201) 774-0019
Source:
Cummingsrealtors
Added: Jul 11
Changed: Jul 23
Last Checked: Jul 23 at 8:48AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This income-producing duplex is available for sale with both units delivered vacant. The property includes a 1-bedroom, 1-bath unit and a 3-bedroom, 1-bath unit, each with separate living spaces.
Additional exterior features include off-street parking and a large backyard with water-view access. The duplex is located in the heart of Mount Holly Borough, with downtown amenities and major commuter routes just minutes away.
Each unit presents an opportunity for the next owner to lease the space upon completion of updates, or occupy one unit while generating rental income from the other.
Additional exterior features include off-street parking and a large backyard with water-view access. The duplex is located in the heart of Mount Holly Borough, with downtown amenities and major commuter routes just minutes away.
Each unit presents an opportunity for the next owner to lease the space upon completion of updates, or occupy one unit while generating rental income from the other.
Key Highlights
- Duplex built in 1930 with two units, both delivered vacant and ready for new leases
- 1‑bedroom, 1‑bath unit with projected market rent of approximately $2,000/month
- 3‑bedroom, 1‑bath unit with projected market rent of approximately $2,300/month
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 | $25.9k | $21.60 |
| − Vacancy | −$1.4k | −$1.13 |
| EGI | $24.6k | $20.47 |
| − OpEx | −$7.4k | −$6.14 |
| NOI | $17.2k | $14.33 |
1,200 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.7K
$215.0K – $286.6K
NOI $17,197 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$224.5K
$196.5K – $262.0K
NOI $15,717 @ 7.0% cap · market cap 5.26%
Theoretical Best
Warehouse
$2.51M
$2.20M – $2.93M
NOI $175,684 @ 7.0% cap · market cap 58.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two vacant units, off-street parking, and a large backyard with water-view access.
Where is this duplex located?
The property is located at 50 W MONROE STREET Mount Holly, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Duplex built in 1930 with two units, both delivered vacant and ready for new leases; 1‑bedroom, 1‑bath unit with projected market rent of approximately $2,000/month; 3‑bedroom, 1‑bath unit with projected market rent of approximately $2,300/month
