Four-Unit Quadplex with
New
For Sale
$1,199,900
9 S WASHINGTON Street, Hammonton, NJ 08037
MULTI_FAMILY - Other - HAMMONTON, NJ
Property Size4,535 SF
Lot Size0.16 Acres
Price / SF$264.59
Days on Market1
Property Features for 9 S WASHINGTON Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking
8
Parking features
Driveway, Parking Lot
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
(609) 561-1010
Listed By:
Joseph Wiessner · License #9481996
(609) 561-1010
Added: Aug 16
Last Checked: Aug 16 at 10:06PM
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 4,535-square-foot mixed-use quadplex occupies a 0.163-acre corner parcel in Hammonton’s historic district, with frontage along S Washington Street and 12th Street. The two-story residential structure, built in 1886, contains a 4BR/2BA unit and a 2BR/1.5BA unit. A newer rear building adds an approximately 1,800-square-foot commercial storefront with an established tattoo studio and a 2BR/1BA apartment above.
The property includes a courtyard, prominent street signage, driveway parking, and a parking lot. Electric and gas service are separated and paid by tenants. The 1886 building has a 50-year roof with roughly 40 years remaining, while the residential interiors are dated and positioned for renovation. DT4 zoning, a corner setting, and a blend of residential and commercial occupancy support continued multifamily ownership with an existing storefront component.
The property includes a courtyard, prominent street signage, driveway parking, and a parking lot. Electric and gas service are separated and paid by tenants. The 1886 building has a 50-year roof with roughly 40 years remaining, while the residential interiors are dated and positioned for renovation. DT4 zoning, a corner setting, and a blend of residential and commercial occupancy support continued multifamily ownership with an existing storefront component.
Key Highlights
- Four‑unit mixed‑use property totaling 4,535 square feet on 0.163 acres
- Approximately 1,800 SF commercial storefront with established tattoo studio
- Residential mix includes 4BR/2BA, 2BR/1.5BA, and 2BR/1BA units
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
662
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Mixed-use corner property combines period residential space with a newer commercial storefront and separate tenant-paid utilities.
Where is this quadplex 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 property totaling 4,535 square feet on 0.163 acres; Approximately 1,800 SF commercial storefront with established tattoo studio; Residential mix includes 4BR/2BA, 2BR/1.5BA, and 2BR/1BA units
