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    322 Northfield Ave Northfield, NJ 08225

    View on Map
    Sponsored
    For Sale
    $829,000

    Duplex - Northfield, NJ

    Type:Duplex
    Property size:
    2,790 SF
    Days on Market:
    2
    Last Refresh:
    Mar 19 at 3:06 pm

    Property Features for 322 Northfield Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Living Room
    Bedrooms
    7
    Bathrooms
    4
    Patio and Porch features
    Patio
    Exterior features
    Fenced Yard, Patio
    Fencing
    Fenced
    Basement Y/N
    1
    Appliances
    Dryer, Refrigerator
    Size
    2,790 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1924
    Number of units
    3

    We can help!

    Listing Contact
    Angela Suhr

    Coldwell Banker Argus Real Estate (609) 646-5001

    Listing agent Angela Suhr (609) 646-5001 License #2323166

    Listing date Mar 18, 2026

    MLS# 605764 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Northfield Duplex: Turnkey Investment Opportunity

    This property features two legal homes on one large lot in Northfield. The fully occupied, income-producing property includes three total units with separate utilities. Recent updates make it a turnkey investment. The front house has 4 bedrooms and 2 full baths and is currently rented for $2,700 per month. It has been renovated with a new roof, siding, windows, plumbing, and HVAC, and features a modern kitchen and bathrooms, with vinyl flooring throughout. The rear carriage house contains two legal units. Unit 1 has 2 bedrooms and 1 bath, while Unit 2 has 1 bedroom and 1 bath. Both units are currently rented to one group for a total of $3,000 per month. These units have also been renovated with a new roof, siding, windows, plumbing, and HVAC, and include modern kitchens and bathrooms, with vinyl flooring throughout. There are separate meters for gas, electric, and water. The total rent roll is $5,700 per month. All units are tenant-occupied, and all major systems have been updated. The property is located in a desirable Northfield location and offers low-maintenance, high-functioning property with multiple income streams. The property size is 2790 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Northfield
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5541674
    Latitude
    39.3716453

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    FAQs

    What type of property is this?
    Multifamily property - Two legal homes with three units, fully occupied and renovated.
    Where is this multifamily property located?
    The property is located at 322 Northfield Ave Northfield, NJ.
    What is the asking price?
    The asking price for this property is $829,000.
    What are key features of this property?
    This property features: - Turnkey Investment: Fully occupied with a total rent roll of $5,700/month, providing immediate cash flow.; - Two Legal Homes (Three Units): Rare opportunity to own two separate dwellings on one lot, offering diverse rental options.; - Fully Renovated: Extensive recent updates including new roof, siding, windows, plumbing, and HVAC in all units.
    (609) 646-5001
    Request Owner's contact information
    322 Northfield Ave Northfield, NJ 08225
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    Northfield, NJ 08225
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    322 Northfield Ave Northfield, NJ 08225
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    We can help!
    Listing Contact
    Angela Suhr
    Real Estate License ID: 2323166
    (609) 646-5001
    Learn more
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