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    Cleared Acres with Income Potential Title is generated by Realmo AI

    871 CORKERY LANE, Williamstown, NJ 08094

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    Claim this Listing
    For Sale
    $899,900

    CommercialSale - WILLIAMSTOWN, NJ

    Property size:
    2,875 SF
    Lot size:
    10.09 Acres
    Price / SF:
    $313/SF
    Added:
    Dec 12, 2024
    Days on Market:
    548
    Last Refresh:
    Jun 13 at 6:06 am

    Property Features for 871 CORKERY LANE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,875 SF
    Lot size
    10.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    9822

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1950
    Number of units
    4
    Architectural style
    Other

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    Listing Contact
    Raj Khullar

    Listing agent Raj Khullar

    Listing office BHHS Fox & Roach Northfield 1001 Tilton Road, NJ

    Listing date Dec 12, 2024

    MLS# NJGL2051026 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 10.2 Cleared Acres in a Desirable Location
    • Income‑Generating 4‑Family Property (Fully Occupied)
    • Development Potential (Redevelopment or Other Uses)
    • Convenient Location Near Philadelphia, Outlets, Shopping, Dining, and Public Transportation
    • Vacant Building Offering Additional Possibilities
    • Recent Upgrades: Newer Roof and Water Softener

    Overview

    This property features 10.2 cleared acres in a desirable location. It includes a fully occupied four-family residential building and an additional vacant building. The residential building contains two one-bedroom units and two two-bedroom units, all well-maintained and rented on month-to-month leases. Recent upgrades to the property include a newer roof and water softener. The property is surrounded by established single-family homes and is conveniently located near Philadelphia, Gloucester Premium Outlets, shopping, dining, and public transportation. This property offers current cash flow and potential for redevelopment or a variety of future uses. The property size is 2875 square feet. The lot size is 10.09 acres and is located in WILLIAMSTOWN, NJ.

    Local 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 $73.5k $25.56
    − Vacancy −$4.7k −$1.65
    EGI $68.7k $23.91
    − OpEx −$20.6k −$7.17
    NOI $48.1k $16.74
    2,875 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $687.4K
    $601.5K – $802.0K (±1% cap)
    NOI $48,117 @ 7.0% cap · market cap 5.35%
    Second Best
    Apartment 5plus
    $631.6K
    $552.7K – $736.9K (±1% cap)
    NOI $44,212 @ 7.0% cap · market cap 4.91%
    Theoretical Best
    Office A
    $750.7K
    $656.9K – $875.8K (±1% cap)
    NOI $52,550 @ 7.0% cap · market cap 5.84%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williamstown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.983292
    Latitude
    39.667809

    FAQs

    What type of property is this?
    Quadplex - 10.2 acres with income property, development potential near Philadelphia.
    Where is this quadplex located?
    The property is located at 871 CORKERY LANE Williamstown, NJ.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: 10.2 Cleared Acres in a Desirable Location; Income‑Generating 4‑Family Property (Fully Occupied); Development Potential (Redevelopment or Other Uses)
    More about this property
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