Four-Unit Quadplex with
For Sale
$450,000
5616 Atlantic Avenue, Mays Landing, NJ 08330
Two residential structures offer varied unit layouts, shared basement laundry, and parking for multiple vehicles.
Property Size2,414 SF
Price / SF$186.41
Days on Market194
Property Features for 5616 Atlantic Avenue
General Information
Standard status
Active
Size
2,414 SF
Total Parking Spaces
8
Property subtype
Multi-family
Amenities
shared laundry room
outdoor shed
Building Details
Year Built
1920
Buildings
2
Stories
2
Tenancy
Multi
Listing Agency:
HomeSmart First Advantage
Listed By:
David Kandel
(833) 740-1234
Source:
Actionplusrealty
Added: Jan 24
Changed: Aug 3
Last Checked: Aug 5 at 4:13AM
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 HomeSmart First Advantage
Investment Insights
Based on property information with market context.
This four-unit residential property includes a main house and a separate one-bedroom cottage. The main house contains a two-bedroom, one-bath unit on the first floor, a three-bedroom, one-bath second-floor unit, and a renovated one-bedroom owner’s suite at the rear. The cottage provides an additional one-bedroom, one-bath residence. The property contains 2,414 square feet and was built in 1920.
A basement with exterior-only access provides shared laundry space, while an outdoor shed adds storage. The parking area accommodates 8 cars. The property is located at 5616 Atlantic Avenue in Mays Landing, NJ, on a wooded side street near the town’s activity. The sale is strictly as-is; the buyer is responsible for certifications, inspections, and repairs. The owner’s suite cannot be rented.
A basement with exterior-only access provides shared laundry space, while an outdoor shed adds storage. The parking area accommodates 8 cars. The property is located at 5616 Atlantic Avenue in Mays Landing, NJ, on a wooded side street near the town’s activity. The sale is strictly as-is; the buyer is responsible for certifications, inspections, and repairs. The owner’s suite cannot be rented.
Key Highlights
- Four residential units across a main house and separate one‑bedroom cottage
- 2,414 square feet on a 0.??-acre?
Financial Insights For Apartment 5plus
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 | $72.4k | $30.00 |
| − Vacancy | −$5.4k | −$2.25 |
| EGI | $67.0k | $27.75 |
| − OpEx | −$30.1k | −$12.49 |
| NOI | $36.8k | $15.26 |
2,414 SF · lease $30.00/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$609.4K
$533.2K – $711.0K
NOI $42,659 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$526.3K
$460.6K – $614.1K
NOI $36,844 @ 7.0% cap · market cap 8.19%
Theoretical Best
Warehouse
$776.7K
$679.6K – $906.1K
NOI $54,367 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 08330, NJ
29,548
Population
12,800
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
127.4 sq mi
ZIP Area
232
Density / Sq Mi
$82,981
Median Household Income
$40,880
Median Earnings
$1,576
Median Rent
$230,700
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?
Quadplex - Two residential structures offer varied unit layouts, shared basement laundry, and parking for multiple vehicles.
Where is this quadplex located?
The property is located at 5616 Atlantic Avenue Mays Landing, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Four residential units across a main house and separate one‑bedroom cottage; 2,414 square feet on a 0.??-acre?
