Renovated Three-Unit
For Sale
$625,000
134 W SOMERDALE ROAD, Somerdale, NJ 08083
Fully occupied property with updated interiors, in-unit laundry, an attached garage, and on-site parking.
Property Size2,831 SF
Lot Size0.81 Acres
Days on Market61
Property Features for 134 W SOMERDALE ROAD
General Information
Standard status
Active
Size
2,831 SF
Lot size
0.81 Acres
Property subtype
Triplex
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$66,000
Taxes and HOA fees
Annual Taxes
$8,833
Amenities
in-unit washer and dryer
Building Details
Building Size
2,831 SF
Year Built
1926
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams - Main Street
(856) 827-1675
Listed By:
Cabrina M Johnson · License #1538851
(856) 827-1675
Source:
Brucerealty
Added: Jun 30
Changed: Aug 28
Last Checked: Aug 26 at 5:54AM
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 - Main Street
Investment Insights
Based on property information with market context.
This legal triplex contains three residential units, each configured with 2 bedrooms and 1 full bath. All units include in-unit washers and dryers, while interior renovations completed within the past two years provide updated living spaces. The property was built in 1926 and includes an attached two-car garage, additional parking, and an oversized 0.81-acre lot.
The building is fully occupied and positioned near major highways, shopping, dining, and the PATCO Speedline. Its three-unit configuration, recent interior work, and existing parking and garage improvements create a straightforward multifamily asset with established occupancy.
The building is fully occupied and positioned near major highways, shopping, dining, and the PATCO Speedline. Its three-unit configuration, recent interior work, and existing parking and garage improvements create a straightforward multifamily asset with established occupancy.
Key Highlights
- Legal triplex with 3 residential units, each offering 2 bedrooms and 1 full bath
- Fully occupied property with $66,000 in annual gross rental income
- Interior renovations completed within the past two years
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
$32,197
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
5.15%
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%
$643,940
$643.9K
Cap Rate 7%
$459,957
$460.0K
Cap Rate 9%
$357,744
$357.7K
Market Conditions
NOI Build-Up for 2,831 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
$48.6K $17.16/SF
− Vacancy
−$2.6K −$0.91/SF
EGI
$46.0K $16.25/SF
− OpEx
−$13.8K −$4.87/SF
NOI
$32.2K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /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%
$643,940
Cap Rate 7%
$459,957
Cap Rate 9%
$357,744
Alternative Uses
Best Use
Multifamily LT 5
$460.0K
$402.5K – $536.6K
NOI $32,197 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$410.7K
$359.4K – $479.2K
NOI $28,750 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$717.8K
$628.1K – $837.5K
NOI $50,247 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
Explore this area
Business Placement
Demographics for 08083, NJ
9,888
Population
3,973
Households
2.5
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
3,955
Density / Sq Mi
$87,703
Median Household Income
$47,138
Median Earnings
$1,236
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied property with updated interiors, in-unit laundry, an attached garage, and on-site parking.
Where is this triplex located?
The property is located at 134 W SOMERDALE ROAD Somerdale, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Legal triplex with 3 residential units, each offering 2 bedrooms and 1 full bath; Fully occupied property with $66,000 in annual gross rental income; Interior renovations completed within the past two years
