Quadplex with Additional
For Sale
$899,900
871 Corkery Ln, Williamstown, NJ 08094
Fully occupied four-unit property on 10.2 cleared acres with a separate vacant building and established residential surroundings.
Property Size2,875 SF
Lot Size10.20 Acres
Price / SF$313.01
Days on Market79
Property Features for 871 Corkery Ln
General Information
Standard status
Active
Size
2,875 SF
Lot size
10.20 Acres
Building Details
Year Built
1950
Listing Agency:
BHHS Fox & Roach-Northfield
Listed By:
Rajan Khullar · License #0673568
(609) 816-7644
Source:
Kableteam
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 7 at 3:03PM
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 BHHS Fox & Roach-Northfield
Investment Insights
Based on property information with market context.
This quadplex includes four residential units arranged as two one-bedroom apartments and two two-bedroom apartments. The units are occupied under month-to-month leases and have been maintained with a newer roof and water softener. A separate vacant building is also located on the property.
The parcel contains 10.2 cleared acres and is surrounded by established single-family housing. The property is near Philadelphia, Gloucester Premium Outlets, shopping, dining, and public transportation, combining existing residential occupancy with substantial land area and an additional structure.
The parcel contains 10.2 cleared acres and is surrounded by established single-family housing. The property is near Philadelphia, Gloucester Premium Outlets, shopping, dining, and public transportation, combining existing residential occupancy with substantial land area and an additional structure.
Key Highlights
- 10.2 cleared acres with a four‑unit residential property
- Unit mix includes two 1‑bedroom and two 2‑bedroom apartments
- All four units are occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,775
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,500
$755.5K
Cap Rate 7%
$539,643
$539.6K
Cap Rate 9%
$419,722
$419.7K
Market Conditions
NOI Build-Up for 2,875 SF
Gross rent
$56.9K $19.80/SF
− Vacancy
−$3.0K −$1.03/SF
EGI
$54.0K $18.77/SF
− OpEx
−$16.2K −$5.63/SF
NOI
$37.8K $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%
$755,500
Cap Rate 7%
$539,643
Cap Rate 9%
$419,722
Alternative Uses
Best Use
Multifamily LT 5
$539.6K
$472.2K – $629.6K
NOI $37,775 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$480.1K
$420.1K – $560.1K
NOI $33,604 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$966.4K
$845.6K – $1.13M
NOI $67,648 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
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?
Quadplex - Fully occupied four-unit property on 10.2 cleared acres with a separate vacant building and established residential surroundings.
Where is this quadplex located?
The property is located at 871 Corkery Ln 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 with a four‑unit residential property; Unit mix includes two 1‑bedroom and two 2‑bedroom apartments; All four units are occupied on month‑to‑month leases
