Renovated 8-Unit Apartment
For Sale
$699,000
105107 105-107 Atlantic St, Bridgeton, NJ 08302
Two-building multifamily property with updated kitchens, bathrooms, flooring, and paint throughout the units.
Property Size2,928 SF
Price / SF$238.73
Days on Market47
Property Features for 105107 105-107 Atlantic St
General Information
Standard status
Active
Size
2,928 SF
Property subtype
Multi-Family
Financials
Asking Price
$1,600,000
Cap Rate
9%
Additional Details
Multifamily Units
17
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Monmouth/Ocean
Listed By:
Efrayim Lax · License #1751383
(732) 942-5280
Source:
Obrienrealtyllc
Added: Sep 1
Changed: Oct 7
Last Checked: Oct 7 at 1:46PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property comprises 8 units across two buildings, with a mix of 2 one-bedroom units, 5 two-bedroom units, and 1 three-bedroom unit. Renovations include new carpet and vinyl flooring, fresh interior paint, updated bathrooms, and renovated kitchens. The buildings date to 1900.
The property is offered as a package with an additional property, as stated in the listing materials. The reported capitalization rate is 9 cap.
The property is offered as a package with an additional property, as stated in the listing materials. The reported capitalization rate is 9 cap.
Key Highlights
- 8 units arranged across two buildings
- Unit mix includes 2 one‑bedroom, 5 two‑bedroom, and 1 three‑bedroom units
- Renovations include kitchens, bathrooms, flooring, and interior paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,053
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,060
$701.1K
Cap Rate 7%
$500,757
$500.8K
Cap Rate 9%
$389,478
$389.5K
Market Conditions
NOI Build-Up for 2,928 SF
Gross rent
$68.2K $23.28/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$63.7K $21.77/SF
− OpEx
−$28.7K −$9.80/SF
NOI
$35.1K $11.97/SF
Area
Cumberland County, NJ
Vacancy
6.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,060
Cap Rate 7%
$500,757
Cap Rate 9%
$389,478
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
49
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily property with updated kitchens, bathrooms, flooring, and paint throughout the units.
Where is this apartment building located?
The property is located at 105107 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: 8 units arranged across two buildings; Unit mix includes 2 one‑bedroom, 5 two‑bedroom, and 1 three‑bedroom units; Renovations include kitchens, bathrooms, flooring, and interior paint
