Updated Duplex on Double
New
For Sale
$449,000
60 HANOVER STREET, Pemberton, NJ 08068
Updated interiors include a modern kitchen, full bath, covered porch, and detached rear garage.
Property Size1,614 SF
Price / SF$278.19
Days on Market7
Property Features for 60 HANOVER STREET
General Information
Standard status
Active
Size
1,614 SF
Property subtype
Duplex
Amenities
covered front porch
attic storage
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Keller Williams Realty East Monmouth
(732) 604-3855
Listed By:
Robert Mahone Jr.
(732) 604-3855
Source:
Cummingsrealtors
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 2 at 8:07AM
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 Keller Williams Realty East Monmouth
Investment Insights
Based on property information with market context.
This duplex property comprises 1,614 square feet and dates to 1900. Interior improvements include new flooring, recessed lighting, a contemporary kitchen with dark cabinetry, stone countertops, and stainless steel appliances, along with a renovated full bathroom. A covered front porch, attic storage, and a spacious backyard add to the property’s physical features.
The property includes a double lot, with a detached garage positioned on the rear lot. The additional lot may provide subdivision or future development possibilities, subject to township zoning, approvals, and the buyer’s independent due diligence regarding permitted uses. The property is located at 60 Hanover Street in Pemberton, New Jersey.
The property includes a double lot, with a detached garage positioned on the rear lot. The additional lot may provide subdivision or future development possibilities, subject to township zoning, approvals, and the buyer’s independent due diligence regarding permitted uses. The property is located at 60 Hanover Street in Pemberton, New Jersey.
Key Highlights
- 1,614‑square‑foot duplex property built in 1900
- Double lot with additional rear lot
- Modern kitchen with stone countertops and stainless steel appliances
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 | $34.9k | $21.60 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $33.0k | $20.47 |
| − OpEx | −$9.9k | −$6.14 |
| NOI | $23.1k | $14.33 |
1,614 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.4K
$289.1K – $385.5K
NOI $23,130 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$302.0K
$264.3K – $352.3K
NOI $21,140 @ 7.0% cap · market cap 4.71%
Theoretical Best
Warehouse
$3.38M
$2.95M – $3.94M
NOI $236,296 @ 7.0% cap · market cap 52.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 08068, NJ
6,628
Population
2,888
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
23.3 sq mi
ZIP Area
284
Density / Sq Mi
$79,570
Median Household Income
$48,498
Median Earnings
$1,100
Median Rent
$256,000
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 - Updated interiors include a modern kitchen, full bath, covered porch, and detached rear garage.
Where is this duplex located?
The property is located at 60 HANOVER STREET Pemberton, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,614‑square‑foot duplex property built in 1900; Double lot with additional rear lot; Modern kitchen with stone countertops and stainless steel appliances
