Four-Bedroom-Per-Unit
503 Central Ave, Hammonton, NJ 08037
For Sale
New
$539,900
MULTI-FAMILY, Hammonton, NJ
Property Size3,045 SF
Lot Size0.50 Acres
Price / SF$177.31
Days on Market1
Property Features for 503 Central Ave
General Information
Property type
Property subtype
Zoning
Bedrooms
Rooms
Exterior features
Directions
Subdivision
Standard status
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Buildings
Listing Agency:
JOE WIESSNER REALTY, LLC
Listed By:
JOSEPH WIESSNER · License #9481996
(609) 561-1010
Added: Nov 6
Last Checked: Nov 6 at 10:06PM
MLS# 613576
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit property has a four-bedroom, two-bath residence on the first floor and a four-bedroom, one-bath residence above. The tax record lists 3,045 square feet, excluding a finished sunroom with a wall of windows and no heat source; including that room, usable living area is described as closer to 3,400 square feet. A full unfinished basement has an outside entrance and half bath. Exterior features include vinyl siding, a pitched roof, and a brick-and-mortar foundation.
The half-acre parcel measures 108 by 200 feet and backs to an open lot. Public water and sewer serve the property. Each unit has separate natural gas and electric service, with two natural gas boilers; water is on a shared account. Both residences are leased month to month. The property is in R-1 zoning, and Hammonton Town Schools are listed.
The half-acre parcel measures 108 by 200 feet and backs to an open lot. Public water and sewer serve the property. Each unit has separate natural gas and electric service, with two natural gas boilers; water is on a shared account. Both residences are leased month to month. The property is in R-1 zoning, and Hammonton Town Schools are listed.
Key Highlights
- Two units: first floor has 4 bedrooms and 2 baths; second floor has 4 bedrooms and 1 bath
- Tax record: 3,045 square feet; finished sunroom excluded, with usable living area described as closer to 3,400 square feet
- Half‑acre lot measuring 108 x 200
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,677
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,540
$693.5K
Cap Rate 7%
$495,386
$495.4K
Cap Rate 9%
$385,300
$385.3K
Market Conditions
NOI Build-Up for 3,045 SF
Gross rent
$53.0K $17.40/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$49.5K $16.27/SF
− OpEx
−$14.9K −$4.88/SF
NOI
$34.7K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$693,540
Cap Rate 7%
$495,386
Cap Rate 9%
$385,300
Alternative Uses
Best Use
Multifamily LT 5
$495.4K
$433.5K – $578.0K
NOI $34,677 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$435.4K
$381.0K – $508.0K
NOI $30,480 @ 7.0% cap · market cap 5.65%
Theoretical Best
Warehouse
$1.13M
$992.2K – $1.32M
NOI $79,376 @ 7.0% cap · market cap 14.70%
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
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Atlantic County, NJ
Properties on Market for Duplexes in Atlantic County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately serviced residences sit above a full basement, with public water and sewer.
Where is this duplex located?
The property is located at 503 Central Ave Hammonton, NJ.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two units: first floor has 4 bedrooms and 2 baths; second floor has 4 bedrooms and 1 bath; Tax record: 3,045 square feet; finished sunroom excluded, with usable living area described as closer to 3,400 square feet; Half‑acre lot measuring 108 x 200
