Frame Duplex with
For Sale
$250,000
341 N PEARL Street, Bridgeton, NJ 08302
Multi-Family, BRIDGETON, NJ
Property Size1,516 SF
Lot Size0.08 Acres
Price / SF$164.91
Days on Market37
Property Features for 341 N PEARL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Elementary school district
BRIDGETON PUBLIC SCHOOLS
Middle school district
BRIDGETON PUBLIC SCHOOLS
High school district
BRIDGETON PUBLIC SCHOOLS
Standard status
Active
Size
1,516 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2564
Utilities
Heating system
Hot Water(Heating)
Cooling system
Ceiling Fan(s)
Building Details
Year built
1900
Number of units
1
Building materials
Frame
Architectural style
Other
Listing Agency:
Keller Williams Prime Realty · Keller Williams Realty
(856) 362-5072
Listed By:
Joseph Battaglia · License #2336899
(856) 716-3663
Added: Aug 4
Changed: Aug 19
Last Checked: Sep 9 at 9:06PM
MLS# NJCB2032094
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 two-unit residential property in Bridgeton contains 1,516 square feet on a 0.0786-acre parcel. Built in 1900 with frame construction, the property includes a basement, hot-water heating, ceiling fans, and on-street parking. The units are occupied under month-to-month lease arrangements, providing an existing residential income configuration without long-term lease commitments. Located at 341 N Pearl Street in Cumberland County, the property is identified within ZIP Code 08302. Its compact lot and duplex layout offer a straightforward multifamily format for buyers seeking a smaller residential income property.
Key Highlights
- Duplex configuration with 1,516 square feet of property size
- 0.0786‑acre parcel in Bridgeton, NJ
- Frame construction dating to 1900
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
$19,715
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
7.89%
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%
$394,300
$394.3K
Cap Rate 7%
$281,643
$281.6K
Cap Rate 9%
$219,056
$219.1K
Market Conditions
NOI Build-Up for 1,516 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
$30.0K $19.80/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$28.2K $18.58/SF
− OpEx
−$8.4K −$5.57/SF
NOI
$19.7K $13.00/SF
Area
Cumberland County, NJ
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$394,300
Cap Rate 7%
$281,643
Cap Rate 9%
$219,056
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.6K
NOI $19,715 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$259.3K
$226.9K – $302.5K
NOI $18,149 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,340 @ 7.0% cap · market cap 63.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with hot-water heating, ceiling fans, and on-street parking.
Where is this duplex located?
The property is located at 341 N PEARL Street Bridgeton, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex configuration with 1,516 square feet of property size; 0.0786‑acre parcel in Bridgeton, NJ; Frame construction dating to 1900
