Two-Unit
New
For Sale
$305,000
827 N BROAD STREET, Woodbury, NJ 08096
Separate apartments occupy the first and second floors, with both residences currently leased month to month.
Property Size1,772 SF
Price / SF$172.12
Days on Market5
Property Features for 827 N BROAD STREET
General Information
Standard status
Active
Size
1,772 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Sureway Realty
(856) 552-0505
Listed By:
Brian Callahan
(267) 772-4173
Source:
Cummingsrealtors
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 2:19PM
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 Sureway Realty
Investment Insights
Based on property information with market context.
This 1,772-square-foot duplex, built in 1920, contains two apartments arranged across two floors. The first-floor residence has one bedroom and one full bathroom; the upper apartment has two bedrooms and one full bathroom.
Both units are occupied under month-to-month leases. The property is located at 827 N Broad Street in Woodbury, New Jersey.
Both units are occupied under month-to-month leases. The property is located at 827 N Broad Street in Woodbury, New Jersey.
Key Highlights
- 1,772 square feet in a duplex built in 1920
- First‑floor apartment has 1 bedroom and 1 full bathroom
- Second‑floor apartment has 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,283
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,660
$465.7K
Cap Rate 7%
$332,614
$332.6K
Cap Rate 9%
$258,700
$258.7K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$35.1K $19.80/SF
− Vacancy
−$1.8K −$1.03/SF
EGI
$33.3K $18.77/SF
− OpEx
−$10.0K −$5.63/SF
NOI
$23.3K $13.14/SF
Area
Gloucester County, NJ
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,660
Cap Rate 7%
$332,614
Cap Rate 9%
$258,700
Alternative Uses
Best Use
Multifamily LT 5
$332.6K
$291.0K – $388.1K
NOI $23,283 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$295.9K
$258.9K – $345.2K
NOI $20,712 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$595.6K
$521.2K – $694.9K
NOI $41,695 @ 7.0% cap · market cap 13.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments occupy the first and second floors, with both residences currently leased month to month.
Where is this duplex located?
The property is located at 827 N BROAD STREET Woodbury, NJ.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,772 square feet in a duplex built in 1920; First‑floor apartment has 1 bedroom and 1 full bathroom; Second‑floor apartment has 2 bedrooms and 1 full bathroom
