Updated Duplex on Double
New
For Sale
$449,000
60 Hanover Street, Pemberton, NJ 08068
MULTI_FAMILY - Pemberton, NJ
Property Size1,614 SF
Lot Size0.09 Acres
Price / SF$278.19
Days on Market3
Property Features for 60 Hanover Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
On Street
Patio and Porch features
Deck
Interior features
Attic, Recessed Lighting
Exterior features
Deck
Fencing
Fenced
Directions
Take Route 530 to Hanover Street (CR 616). Turn onto Hanover Street and continue to 60 Hanover Street. Property will be on your left/right depending on direction of travel.
Standard status
Active
APN
28-00400-0000-00010
Size
1,614 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2305
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Roof type
Shingle
Listing Agency:
Keller Williams Realty East Monmouth
(732) 704-4033
Listed By:
Robert Mahone
(732) 704-4033
Added: Jul 29
Last Checked: Jul 31 at 9:06PM
MLS# 22623268
Copyright © 2026 More MLS. 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.
This updated duplex is set on a unique double lot, providing added outdoor space and room for future possibilities. Inside, the bright interior includes updated flooring and recessed lighting. The modern kitchen features dark cabinetry, stone countertops, and stainless steel appliances, along with an updated full bath. Additional features include a covered front porch, a spacious backyard, and additional attic storage. A detached garage is located on the rear lot.
The second lot may offer potential for subdivision or future development, subject to township zoning and approvals. The buyer is responsible for all due diligence regarding subdivision potential and permitted uses.
Located in Pemberton, NJ (Burlington County), this property is offered for sale.
The second lot may offer potential for subdivision or future development, subject to township zoning and approvals. The buyer is responsible for all due diligence regarding subdivision potential and permitted uses.
Located in Pemberton, NJ (Burlington County), this property is offered for sale.
Key Highlights
- Updated home on a unique double lot with added space and potential (subject to township zoning and approvals)
- Modern kitchen with dark cabinetry, stone countertops, and stainless steel appliances
- Bright interior with recessed lighting and updated flooring
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
Property Profile
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 duplex with modern kitchen finishes, updated full bath, covered front porch, and detached garage on a rear lot.
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: Updated home on a unique double lot with added space and potential (subject to township zoning and approvals); Modern kitchen with dark cabinetry, stone countertops, and stainless steel appliances; Bright interior with recessed lighting and updated flooring
