Four-Story Duplex with
For Sale
$875,000
7 North Weymouth Avenue, Ventnor City, NJ 08406
Historic duplex with a separate apartment, multiple living levels, and access from two streets.
Property Size2,296 SF
Price / SF$381.10
Days on Market139
Property Features for 7 North Weymouth Avenue
General Information
Standard status
Active
Size
2,296 SF
Property subtype
MULTI-FAMILY / Duplex
Taxes and HOA fees
Annual Taxes
$7,653
Amenities
Baseboard
Ceiling Fan(s), Window Units
Concrete
Porch, Sidewalks
Building Details
Year Built
1920
Units
2
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE
(856) 981-2825
Listed By:
Lisa Marie Timko, RSOS · License #1111174
(856) 981-2825
Source:
Compass
Added: Apr 14
Changed: Aug 30
Last Checked: Aug 30 at 6:28AM
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 ATLANTIC SHORE-BRIGANTINE
Investment Insights
Based on property information with market context.
Built in 1920, this four-story duplex combines preserved period character with a separately configured apartment on the lower level. The property contains 8 bedrooms and 4 full bathrooms, with the main residence arranged across the upper floors. Its layout includes a foyer, living room, sunroom, dining room, eat-in kitchen, primary bedroom, additional sleeping rooms, and multiple full baths. The ground-level apartment has 1 bedroom and 1 bath and is used for seasonal rentals.
The property extends between Weymouth Street and Frankfort Avenue, with entrances on both streets. Three assigned parking spaces are supplemented by additional off-street parking. Interior features include a 2-zone gas heating system, separate electric meters, laundry, and storage in the above-ground basement. The address is 7 North Weymouth Avenue in Ventnor City, within two blocks of the beach, boardwalk, and downtown attractions, and near Ventnor Square Theatre, dining, and shopping.
The property extends between Weymouth Street and Frankfort Avenue, with entrances on both streets. Three assigned parking spaces are supplemented by additional off-street parking. Interior features include a 2-zone gas heating system, separate electric meters, laundry, and storage in the above-ground basement. The address is 7 North Weymouth Avenue in Ventnor City, within two blocks of the beach, boardwalk, and downtown attractions, and near Ventnor Square Theatre, dining, and shopping.
Key Highlights
- 8 bedrooms and 4 full bathrooms across a four‑story duplex layout
- Separate 1‑bedroom, 1‑bath ground‑level apartment used for seasonal rentals
- 3 assigned parking spaces plus additional off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,960
$523.0K
Cap Rate 7%
$373,543
$373.5K
Cap Rate 9%
$290,533
$290.5K
Market Conditions
NOI Build-Up for 2,296 SF
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.
Gross rent
$40.0K $17.40/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$37.4K $16.27/SF
− OpEx
−$11.2K −$4.88/SF
NOI
$26.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$522,960
Cap Rate 7%
$373,543
Cap Rate 9%
$290,533
Alternative Uses
Best Use
Multifamily LT 5
$373.5K
$326.9K – $435.8K
NOI $26,148 @ 7.0% cap · market cap 2.99%
Second Best
Apartment 5plus
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 2.63%
Theoretical Best
Warehouse
$855.0K
$748.1K – $997.5K
NOI $59,851 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
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 - Historic duplex with a separate apartment, multiple living levels, and access from two streets.
Where is this duplex located?
The property is located at 7 North Weymouth Avenue Ventnor City, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 8 bedrooms and 4 full bathrooms across a four‑story duplex layout; Separate 1‑bedroom, 1‑bath ground‑level apartment used for seasonal rentals; 3 assigned parking spaces plus additional off‑street parking
