Turnkey Renovated Multifamily
105-107 Atlantic St Bridgeton, NJ 08302
For Sale
$699,000
Two-building multifamily with newly renovated one-, two-, and three-bedroom units, sold as part of a package.
Property Size2,928 SF
Price / SF$238.73
Days on Market101
Property Features for 105-107 Atlantic St
General Information
- Standard status
- Active
- Size
- 2,928 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
Keller Williams Realty Monmouth/Ocean
(347) 856-6159
Listed By:
Efrayim Lax · License #1751383
(347) 856-6159
Source:
Xome
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Monmouth/Ocean
Investment Insights
Based on property information with market context.
This turnkey multifamily offering includes 8 units across two buildings, with units newly renovated. The unit mix includes 2 one-bedroom apartments, 5 two-bedroom apartments, and 1 three-bedroom unit. Recent improvements referenced in the remarks include new carpet and vinyl flooring, fresh paint, along with new bathrooms and kitchens.
The property is located at 105-107 Atlantic St, Bridgeton, NJ 08302, and is being sold as a package together with 125 W Commerce, according to the listing remarks.
For the full package, the remarks state there are 17 units total.
The property is located at 105-107 Atlantic St, Bridgeton, NJ 08302, and is being sold as a package together with 125 W Commerce, according to the listing remarks.
For the full package, the remarks state there are 17 units total.
Key Highlights
- Two‑building multifamily property with 9 units total
- Unit mix includes 2 one‑bedroom units, 5 two‑bedroom units, and 1 three‑bedroom unit
- All units newly renovated with new carpet and vinyl floors, fresh paint, plus new bathrooms and kitchens
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.2k | $23.28 |
| − Vacancy | −$4.4k | −$1.51 |
| EGI | $63.7k | $21.77 |
| − OpEx | −$28.7k | −$9.80 |
| NOI | $35.1k | $11.97 |
2,928 SF · lease $23.28/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$500.8K
$438.2K – $584.2K
NOI $35,053 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.40M
$3.85M – $5.13M
NOI $307,749 @ 7.0% cap · market cap 44.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Two-building multifamily with newly renovated one-, two-, and three-bedroom units, sold as part of a package.
Where is this apartment building located?
The property is located at 105-107 Atlantic St Bridgeton, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑building multifamily property with 9 units total; Unit mix includes 2 one‑bedroom units, 5 two‑bedroom units, and 1 three‑bedroom unit; All units newly renovated with new carpet and vinyl floors, fresh paint, plus new bathrooms and kitchens
