Exceptional Mixed-Use Investment Opportunity in the Heart of Downtown Audubon! Ideally situated along Audubon’s charming Merchant Street business district, this fully occupied, income-producing property offers an outstanding opportunity to own a piece of one of South Jersey’s most beloved Main Streets. The street level commercial space is home to the well-established Broken Anchor Barbershop, a beautifully maintained storefront featuring multiple barber stations, custom wood finishes, classic subway tile accents, industrial lighting, a private kitchenette/break area, and excellent street visibility in a thriving downtown setting. Above the commercial space are two residential apartments, each with private entrances. The first apartment is a bright and efficient studio, offering an open-concept layout with a full kitchen, spacious living/sleeping area, generous natural light, and neutral finishes. The second apartment is a comfortable two-bedroom unit featuring a separate bedroom with ample closet space, a full kitchen with abundant cabinetry and counter space, a spacious living room filled with natural light, and an inviting layout that appeals to long-term tenants. All three units are currently leased to excellent, long-standing tenants who would love to remain, providing immediate, stable cash flow from day one. Located in the heart of Audubon’s picturesque downtown, this property benefits from the vibrant energy of Merchant Street, where locally owned shops, restaurants, cafés, breweries, and year-round community events create a true smalltown Main Street experience. The combination of a thriving commercial tenant, two desirable residential apartments, and a walkable downtown location makes this a rare turnkey investment opportunity. Whether you’re looking to expand your commercial portfolio or secure a turnkey property with diversified rental income, 117 W. Merchant Street offers the perfect combination of dependable cash flow, timeless Main Street charm, and long-term investment potential.
For sale
$495,000
117 W Merchant St, Audubon, NJ 08106
3beds
3baths
2,080sqft
Townhouse
Built in 1920
-- sqft lot
$488,800 Zestimate®
$238/sqft
$-- HOA
What's special
Multiple barber stationsBeautifully maintained storefrontCustom wood finishesNeutral finishesClassic subway tile accentsExcellent street visibilityIndustrial lighting
- 21 days
- 662
- 62
Zillow last checked:
Listing updated:
Listed by:
Melissa Connell 856-905-5862,
Keller Williams Realty - Cherry Hill
Source: Bright MLS,MLS#: NJCD2128706
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Baseboard, Natural Gas
Cooling
- Central Air, Ductless, Electric
Appliances
- Included: Gas Water Heater
Features
- Flooring: Ceramic Tile, Hardwood
- Has fireplace: No
Interior area
- Total structure area: 2,080
- Total interior livable area: 2,080 sqft
Property
Parking
- Total spaces: 4
- Parking features: Parking Lot, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Exterior features: Lighting, Sidewalks, Street Lights
- Pool features: None
Lot
- Size: 2,000 Square Feet
Details
- Additional structures: Above Grade
- Parcel number: 010006600002 01
- Zoning: COMMERCIAL
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Townhouse
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Audubon
- Municipality: AUDUBON BORO
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $178,600
- Annual tax amount: $7,501
- Date on market: 10/15/2026
- Listing agreement: Exclusive Right To Sell
- Inclusions: Light Fixtures, Appliances
- Ownership: Fee Simple
- Total actual rent: 40500
- Income includes: Apartment Rentals, Shop Rentals
Estimated market value
$488,800
$464,000 - $513,000
$2,723/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/15/2026 | Listed for sale | $495,000+65.1%$238/sqft |
Source: | ||
| 8/28/2021 | Pending sale | $299,900+76.4%$144/sqft |
Source: | ||
| 12/3/2019 | Listing removed | $1,300$1/sqft |
Source: Realty Solutions Report a problem | ||
| 11/4/2019 | Listed for rent | $1,300+100%$1/sqft |
Source: Realty Solutions LLC Report a problem | ||
| 11/5/2018 | Listing removed | $650 |
Source: Realty Solutions LLC Report a problem | ||
| 10/30/2018 | Listed for rent | $650 |
Source: Realty Solutions LLC Report a problem | ||
| 3/30/2017 | Sold | $170,000-2.9%$82/sqft |
Source: Agent Provided Report a problem | ||
| 1/16/2014 | Listing removed | $175,000$84/sqft |
Source: Coldwell Banker Preferred - Haddonfield Office #5976895 Report a problem | ||
| 4/12/2013 | Listed for sale | $175,000$84/sqft |
Source: Coldwell Banker Preferred - Haddonfield Office #5976895 Report a problem | ||
| 5/22/2012 | Listing removed | $175,000$84/sqft |
Source: Coldwell Banker Preferred - Haddonfield Office #5976895 Report a problem | ||
| 11/30/2011 | Listed for sale | $175,000$84/sqft |
Source: Coldwell Banker Preferred - Haddonfield Office #5976895 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 08106
Nearby schools
Schools provided by the listing agent
- High: Audubon H.s.
- District: Audubon Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







