Vacant Income Duplex
For Sale
$299,000
50 W MONROE STREET, Mount Holly, NJ 08060
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 Market100
Property Features for 50 W MONROE STREET
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Amenities
off-street parking
large backyard
water view access
separate living spaces
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Kyra L. Brinson · License #13248554
(201) 774-0019
Source:
Cummingsrealtors
Added: Jul 15
Changed: Oct 21
Last Checked: Oct 20 at 10:07PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$17,197
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,940
$343.9K
Cap Rate 7%
$245,671
$245.7K
Cap Rate 9%
$191,078
$191.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$24.6K $20.47/SF
− OpEx
−$7.4K −$6.14/SF
NOI
$17.2K $14.33/SF
Area
Burlington County, NJ
Vacancy
5.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,940
Cap Rate 7%
$245,671
Cap Rate 9%
$191,078
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
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Business Placement
Demographics for 08060, NJ
25,426
Population
10,198
Households
2.5
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$107,165
Median Household Income
$59,035
Median Earnings
$1,619
Median Rent
$292,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
