Legal Triplex with In-Unit
For Sale
$625,000
134 W SOMERDALE Road, Somerdale, NJ 08083
Multi-Family, SOMERDALE, NJ
Property Size2,831 SF
Lot Size0.81 Acres
Price / SF$220.77
Days on Market53
Property Features for 134 W SOMERDALE Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
2
Parking features
Garage - Attached, Driveway
Elementary school district
STERLING HIGH
Middle school district
STERLING HIGH
High school district
STERLING HIGH
Standard status
Active
Size
2,831 SF
Lot size
0.81 Acres
Taxes and HOA fees
Tax Annual Amount
8833
Utilities
Heating system
Hot Water(Heating), Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1926
Number of units
1
Building materials
Frame
Listing Agency:
Keller Williams - Main Street
(856) 858-2200
Listed By:
Cabrina M Johnson · License #1538851
(856) 827-1675
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 21 at 5:06PM
MLS# NJCD2121312
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.
Well maintained legal triplex located at 134 W Somerdale Road in Somerdale, New Jersey. The property consists of three spacious units, each offering 2 bedrooms and 1 full bath. Interiors have been updated within the past two years, and each unit includes convenient in-unit washer and dryer. The building also features an attached two-car garage and ample on-site parking to support tenant and guest needs.
The triplex is situated on an oversized 0.81-acre lot and is positioned near major highways and local conveniences. The surrounding area includes shopping and dining options, and the PATCO Speedline is noted as nearby, supporting everyday accessibility.
This is a turnkey, fully occupied multifamily property designed for buyers seeking immediate rental operations. With three separate residential units already in place, it offers an income-producing setup with an annual gross rental income of $66,000 as provided in the remarks. For tenants, the in-unit laundry and recently updated interiors are practical day-to-day benefits. For investors, the current occupancy and stated limited near-term capital needs make the asset straightforward to evaluate and operate within a residential income strategy.
The triplex is situated on an oversized 0.81-acre lot and is positioned near major highways and local conveniences. The surrounding area includes shopping and dining options, and the PATCO Speedline is noted as nearby, supporting everyday accessibility.
This is a turnkey, fully occupied multifamily property designed for buyers seeking immediate rental operations. With three separate residential units already in place, it offers an income-producing setup with an annual gross rental income of $66,000 as provided in the remarks. For tenants, the in-unit laundry and recently updated interiors are practical day-to-day benefits. For investors, the current occupancy and stated limited near-term capital needs make the asset straightforward to evaluate and operate within a residential income strategy.
Key Highlights
- Legal triplex with all 3 units occupied, each offering 2 bedrooms and 1 full bath
- Annual gross rental income of $66,000
- In‑unit washer and dryer in each unit
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
Turnkey business
Opportunity
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
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied triplex in Somerdale with three 2-bedroom units, updated interiors, and in-unit washer and dryer.
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 all 3 units occupied, each offering 2 bedrooms and 1 full bath; Annual gross rental income of $66,000; In‑unit washer and dryer in each unit
