Corner Apartment Building with
For Sale
$899,000
125 W Commerce St, Bridgeton, NJ 08302
Well-maintained 9-unit apartment building on a near half-acre lot with off-street parking at the rear and spacious unit layouts.
Property Size3,820 SF
Price / SF$235.34
Days on Market133
Property Features for 125 W Commerce St
General Information
Standard status
Active
Size
3,820 SF
Additional Details
Cap Rate
9%
Multifamily Units
9
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty Monmouth/Ocean
Listed By:
Efrayim Lax · License #1751383
(347) 856-6159
Source:
Kandorre
Added: Jun 12
Changed: Oct 4
Last Checked: Oct 7 at 3:21PM
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
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Investment Insights
Based on property information with market context.
This well-maintained apartment building offers 9 residential units in a straightforward, repeatable layout. Each unit includes a large living/dining area, a kitchen, and a big bedroom, with airy tall ceilings throughout. The property is described as a corner asset and is set on close to a half-acre lot.
Off-street parking is available at the rear, providing convenient on-site access for residents. The offering is listed for sale as part of a package that includes 105/107 Atlantic (MLS NJCB2030030 is referenced in the notes).
Off-street parking is available at the rear, providing convenient on-site access for residents. The offering is listed for sale as part of a package that includes 105/107 Atlantic (MLS NJCB2030030 is referenced in the notes).
Key Highlights
- Well‑maintained 9‑unit apartment building
- Near half‑acre corner lot with plenty of off‑street parking in the back
- Each unit includes a living/dining room area, kitchen, and a big bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,732
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$914,640
$914.6K
Cap Rate 7%
$653,314
$653.3K
Cap Rate 9%
$508,133
$508.1K
Market Conditions
NOI Build-Up for 3,820 SF
Gross rent
$88.9K $23.28/SF
− Vacancy
−$5.8K −$1.51/SF
EGI
$83.1K $21.77/SF
− OpEx
−$37.4K −$9.80/SF
NOI
$45.7K $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%
$914,640
Cap Rate 7%
$653,314
Cap Rate 9%
$508,133
Alternative Uses
Best Use
Apartment 5plus
$653.3K
$571.7K – $762.2K
NOI $45,732 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.74M
$5.02M – $6.69M
NOI $401,503 @ 7.0% cap · market cap 44.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 9-unit apartment building on a near half-acre lot with off-street parking at the rear and spacious unit layouts.
Where is this apartment building located?
The property is located at 125 W Commerce St Bridgeton, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Well‑maintained 9‑unit apartment building; Near half‑acre corner lot with plenty of off‑street parking in the back; Each unit includes a living/dining room area, kitchen, and a big bedroom
