Corner Duplex with Commercial
New
For Sale
$318,200
501 S BROADWAY, Gloucester City, NJ 08030
MULTI_FAMILY - GLOUCESTER CITY, NJ
Property Size1,200 SF
Price / SF$265.17
Days on Market4
Property Features for 501 S BROADWAY
General Information
Property type
Residential Multi Family
Property subtype
Townhouse
Subdivision
PINE GROVE
Standard status
Active
Size
1,200 SF
Building Details
Year built
1922
Listing Agency:
BHHS Fox & Roach Mt. Laurel Home Marketing Center · Berkshire Hathaway HomeServices
(856) 222-0077
Listed By:
Maria Jobes-Hogan · License #1435864
(609) 923-7930
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 5 at 4:06PM
MLS# NJCD2123848
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Mixed-use corner duplex featuring one residential unit and one commercial unit. The first-floor commercial space includes large showcase windows and a half bath and is currently occupied by a long-term tenant. The second floor offers a 1-bedroom, 1-bath apartment with a private entrance, an open floor plan, a spacious living room, and an updated kitchen with newer shaker cabinets, stainless steel kitchen appliances, upgraded countertops, and luxury vinyl flooring throughout. The primary bedroom includes two closets, and the main bathroom has a new compact washer and dryer. A small patio is located at the rear of the building.
Both units share access to a full basement for added storage, entered via exterior BILCO doors, where the utilities are housed. The property was renovated 2024-2025 throughout, and the new heating system was installed October 2022 with two zones. Electrical service includes three 100amp electric panels and three electric meters, along with two gas meters, one hot water heater, and a fire alarm monitoring system.
Both units are currently under lease agreement and convey as-is, with the buyer obtaining CO.
Both units share access to a full basement for added storage, entered via exterior BILCO doors, where the utilities are housed. The property was renovated 2024-2025 throughout, and the new heating system was installed October 2022 with two zones. Electrical service includes three 100amp electric panels and three electric meters, along with two gas meters, one hot water heater, and a fire alarm monitoring system.
Both units are currently under lease agreement and convey as-is, with the buyer obtaining CO.
Key Highlights
- Mixed‑use corner property with one residential unit and one commercial unit
- First‑floor commercial unit has large showcase windows and a half bath, occupied by a long‑term tenant
- Second‑floor 1 bedroom, 1 bath apartment with private entrance and open floor plan
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 | $20.6k | $17.16 |
| − Vacancy | −$1.1k | −$0.91 |
| EGI | $19.5k | $16.25 |
| − OpEx | −$5.8k | −$4.87 |
| NOI | $13.6k | $11.37 |
1,200 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$195.0K
$170.6K – $227.5K
NOI $13,648 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$174.1K
$152.3K – $203.1K
NOI $12,187 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$304.3K
$266.2K – $355.0K
NOI $21,299 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
568
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use duplex with renovated living spaces and an occupied first-floor commercial unit with large showcase windows.
Where is this duplex located?
The property is located at 501 S BROADWAY Gloucester City, NJ.
What is the asking price?
The asking price for this property is $318,200.
What are key features of this property?
This property features: Mixed‑use corner property with one residential unit and one commercial unit; First‑floor commercial unit has large showcase windows and a half bath, occupied by a long‑term tenant; Second‑floor 1 bedroom, 1 bath apartment with private entrance and open floor plan
