Fully Occupied
500 MERCER STREET, Gloucester City, NJ 08030
For Sale
$375,000
Two-unit residential property with established occupancy and an option to acquire an adjoining portfolio asset.
Property Size2,276 SF
Days on Market52
Property Features for 500 MERCER STREET
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
NAI Mertz Corporation-NJ
Listed By:
Joseph A Riggs Jr. · License #8135336
(609) 352-1162
Source:
Patmckennarealtors
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 6 at 5:14PM
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 NAI Mertz Corporation-NJ
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Investment Insights
Based on property information with market context.
This duplex at 500 Mercer Street contains 2,276 square feet and was built in 1910. The property is fully occupied, with longtime tenants in place, providing an established residential rental profile.
The duplex may be purchased individually or combined with 235 Monmouth Street as a portfolio acquisition. It is located in Gloucester City, New Jersey, and is offered for sale.
The duplex may be purchased individually or combined with 235 Monmouth Street as a portfolio acquisition. It is located in Gloucester City, New Jersey, and is offered for sale.
Key Highlights
- 2,276‑square‑foot duplex
- Built in 1910
- Fully occupied with longtime tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,885
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,700
$517.7K
Cap Rate 7%
$369,786
$369.8K
Cap Rate 9%
$287,611
$287.6K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$39.1K $17.16/SF
− Vacancy
−$2.1K −$0.91/SF
EGI
$37.0K $16.25/SF
− OpEx
−$11.1K −$4.87/SF
NOI
$25.9K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,700
Cap Rate 7%
$369,786
Cap Rate 9%
$287,611
Alternative Uses
Best Use
Multifamily LT 5
$369.8K
$323.6K – $431.4K
NOI $25,885 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$330.2K
$288.9K – $385.2K
NOI $23,114 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$577.1K
$505.0K – $673.3K
NOI $40,396 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Camden County, NJ
Properties on Market for Duplexes in Camden County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with established occupancy and an option to acquire an adjoining portfolio asset.
Where is this duplex located?
The property is located at 500 MERCER STREET Gloucester City, 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: 2,276‑square‑foot duplex; Built in 1910; Fully occupied with longtime tenants
