Four-Unit Mixed-Use
For Sale
$1,199,900
9 S WASHINGTON Street, Hammonton, NJ 08037
Multi-Family, HAMMONTON, NJ
Property Size4,535 SF
Lot Size0.16 Acres
Price / SF$264.59
Days on Market25
Property Features for 9 S WASHINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
8
Parking features
Parking Lot, Driveway
Elementary school
WARREN E. SOOY JR-ELEMEMTARY SCHOOL
Middle school
HAMMONTON M.S.
High school
HAMMONTON H.S.
Elementary school district
HAMMONTON TOWN SCHOOLS
Middle school district
HAMMONTON TOWN SCHOOLS
High school district
HAMMONTON TOWN SCHOOLS
Standard status
Active
Size
4,535 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
7338
Utilities
Heating system
Forced Air
Amenities
courtyard
prominent street signage
Building Details
Year built
1886
Number of units
4
Building materials
Frame
Architectural style
Other
Listing Agency:
Joe Wiessner Realty LLC
Listed By:
Joseph Wiessner · License #9481996
(609) 561-1010
Added: Aug 16
Changed: Sep 9
Last Checked: Sep 9 at 7:06PM
MLS# NJAC2026152
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.
This four-unit mixed-use property contains 4,535 square feet on 0.163 acres, with residential and commercial components arranged across two structures. The circa-1886 front building includes two apartments: a 4BR/2BA unit and a 2BR/1.5BA unit. A newer rear structure provides an approximately 1,800 SF storefront occupied by a tattoo studio, plus a 2BR/1BA apartment above. Residential interiors are dated and positioned for renovation, while the commercial space is described as the best-conditioned area on the property.
The corner parcel fronts Washington and 12th Streets within Hammonton’s historic district and carries DT4 zoning. On-site features include a courtyard, prominent street signage, a parking lot, and a driveway. Electric and gas service are separated, with utilities paid by tenants. The front building has a 50-year roof with roughly 40 years remaining. Forced-air heating and frame construction complete the property profile.
The corner parcel fronts Washington and 12th Streets within Hammonton’s historic district and carries DT4 zoning. On-site features include a courtyard, prominent street signage, a parking lot, and a driveway. Electric and gas service are separated, with utilities paid by tenants. The front building has a 50-year roof with roughly 40 years remaining. Forced-air heating and frame construction complete the property profile.
Key Highlights
- Four‑unit mixed‑use building totaling 4,535 square feet on 0.163 acres
- DT4‑zoned corner parcel fronting Washington and 12th Streets in Hammonton’s historic district
- Approximately 1,800 SF commercial storefront with a 2BR/1BA apartment above
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
$67,345
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
5.61%
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%
$1,346,900
$1.3M
Cap Rate 7%
$962,071
$962.1K
Cap Rate 9%
$748,278
$748.3K
Market Conditions
NOI Build-Up for 4,535 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
$122.4K $27.00/SF
− Vacancy
−$14.7K −$3.24/SF
EGI
$107.8K $23.76/SF
− OpEx
−$40.4K −$8.91/SF
NOI
$67.3K $14.85/SF
Area
Atlantic County, NJ
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,346,900
Cap Rate 7%
$962,071
Cap Rate 9%
$748,278
Alternative Uses
Best Use
Mixed Use
$962.1K
$841.8K – $1.12M
NOI $67,345 @ 7.0% cap · market cap 5.61%
Second Best
Multifamily LT 5
$737.8K
$645.6K – $860.8K
NOI $51,646 @ 7.0% cap · market cap 4.30%
Theoretical Best
Warehouse
$1.69M
$1.48M – $1.97M
NOI $118,216 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
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?
Mixed-use property - Corner property combines residential units with a commercial storefront, courtyard, parking, and separately metered tenant-paid utilities.
Where is this mixed-use property located?
The property is located at 9 S WASHINGTON Street Hammonton, NJ.
What is the asking price?
The asking price for this property is $1,199,900.
What are key features of this property?
This property features: Four‑unit mixed‑use building totaling 4,535 square feet on 0.163 acres; DT4‑zoned corner parcel fronting Washington and 12th Streets in Hammonton’s historic district; Approximately 1,800 SF commercial storefront with a 2BR/1BA apartment above
