Mixed-Use Stone Duplex
825 JERSEY Avenue Gloucester City, NJ 08030
For Sale
$385,000
MULTI_FAMILY - Colonial - GLOUCESTER CITY, NJ
Property Size3,000 SF
Lot Size0.18 Acres
Price / SF$128.33
Days on Market423
Property Features for 825 JERSEY Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Dining Room
- Parking
- 10
- Parking features
- On Street, Parking Lot, Driveway
- Interior features
- Bathroom - Tub Shower, Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Recessed Lighting, Stain/Lead Glass, Store/Office, Upgraded Countertops
- Fireplace
- 1
- Appliances
- Built-In Microwave, Oven/Range - Electric, WaterHeater
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7248
Utilities
- Heating system
- Heat Pump (Heating), Other (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Stone
- Architectural style
- Colonial
Listing Agency:
Peze & Associates
(856) 663-9100
Listed By:
Tonya Lynn Boyce · License #2184664
(856) 304-0630
Added: May 31, 2025
Changed: Jul 13
Last Checked: Jul 27 at 8:06AM
MLS# NJCD2094256
Copyright © 2026 Bright 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.
A fully renovated, three-story free-standing stone duplex offering both commercial and residential use. The ground-floor commercial space is currently vacant and available for business use and includes three separate private entrances with an enclosed porch, spacious light-filled rooms suitable for office or client-facing use, an updated powder room, and a full basement that provides storage. The upper living portion is rented and has a separate private entrance, with two full bathrooms and a fully renovated kitchen. The layout includes three to four bedrooms, with the option to use three bedrooms and one additional room for family entertainment.
The property has been updated throughout with a new roof, HVAC, updated electrical and plumbing, new drywall, upgraded bathrooms, and wood laminate flooring, while preserving original details such as stained-glass windows, baseboards, trim, and an elegant wooden staircase. Kitchen appliances and the fireplace are delivered in AS IS condition. Commercial zoning supports living on the top two floors while operating office space on the first floor. On-site parking is available, and the property is located less than a half-mile from Gloucester City’s Marina/Proprietors Park, with access to major highways and minutes to bridge access for Center City Philadelphia.
The property has been updated throughout with a new roof, HVAC, updated electrical and plumbing, new drywall, upgraded bathrooms, and wood laminate flooring, while preserving original details such as stained-glass windows, baseboards, trim, and an elegant wooden staircase. Kitchen appliances and the fireplace are delivered in AS IS condition. Commercial zoning supports living on the top two floors while operating office space on the first floor. On-site parking is available, and the property is located less than a half-mile from Gloucester City’s Marina/Proprietors Park, with access to major highways and minutes to bridge access for Center City Philadelphia.
Key Highlights
- Fully renovated mixed‑use stone duplex (3‑story, free‑standing) with commercial space on the first floor and residential quarters upstairs
- Commercial portion downstairs is vacant and available for business use; previously used by a CPA firm (property notes require township confirmation for allowable uses)
- Residential portion is rented for $2,250/month; lease ends 09/01/2026
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 | $51.5k | $17.16 |
| − Vacancy | −$2.7k | −$0.91 |
| EGI | $48.7k | $16.25 |
| − OpEx | −$14.6k | −$4.87 |
| NOI | $34.1k | $11.37 |
3,000 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Office B
$601.4K
$526.2K – $701.6K
NOI $42,097 @ 7.0% cap · market cap 10.93%
Second Best
Multifamily LT 5
$487.4K
$426.5K – $568.7K
NOI $34,119 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$760.7K
$665.6K – $887.5K
NOI $53,247 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Three-story stone duplex with vacant ground-floor office space and rented upper residence; lease ends 09/01/2026.
Where is this live-work space located?
The property is located at 825 JERSEY Avenue Gloucester City, NJ.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Fully renovated mixed‑use stone duplex (3‑story, free‑standing) with commercial space on the first floor and residential quarters upstairs; Commercial portion downstairs is vacant and available for business use; previously used by a CPA firm (property notes require township confirmation for allowable uses); Residential portion is rented for $2,250/month; lease ends 09/01/2026
