Three-Unit Residential Income
16 Begonia Street Browns Mills, NJ 08015
16 Begonia Street, Browns Mills, NJ, 08015
$299,900
For Sale
$299,900
Three separate units include one 2-bedroom, two 1-bedroom units, and one currently vacant unit.
Property Size1,170 SF
Price / SF$256.32
Days on Market169
Property Features for 16 Begonia Street
General Information
- Standard status
- Active
- Size
- 1,170 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1940
Listing agency
BHHS Fox & Roach-Marlton
(856) 465-9573
Listed by
Jonathan Zachary Benstead · License #2296861
(856) 465-9573
Source
Compass
Added: Feb 3 Updated: Jul 21 at 1:30AM Checked: Jul 21 at 6:07AM
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 BHHS Fox & Roach-Marlton
Investment Insights
Based on property information with market context.
This property is a three-unit residential income building with three separate units. The layout includes one 2-bedroom unit and two 1-bedroom units. Two of the units are rented, while one 1-bedroom unit is currently vacant.
The property is located at 16 Begonia Street in Browns Mills, NJ, in Burlington County. It is in the Pemberton Township school district (Pemberton Township Schools).
The configuration of occupied units alongside a vacant unit provides a straightforward ownership structure for managing rental income and eventual re-occupancy within the same building.
The property is located at 16 Begonia Street in Browns Mills, NJ, in Burlington County. It is in the Pemberton Township school district (Pemberton Township Schools).
The configuration of occupied units alongside a vacant unit provides a straightforward ownership structure for managing rental income and eventual re-occupancy within the same building.
Key Highlights
- 3 separate units: one 2‑bedroom and two 1‑bedroom units
- One 1‑bedroom unit is currently vacant, with two units rented
- Rents reported at $1,100 for the 2‑bedroom unit and $900 for one 1‑bedroom unit
Local Financial Insights For Multifamily LT 5
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 | $25.3k | $21.60 |
| − Vacancy | −$1.3k | −$1.13 |
| EGI | $24.0k | $20.47 |
| − OpEx | −$7.2k | −$6.14 |
| NOI | $16.8k | $14.33 |
1,170 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$239.5K
$209.6K – $279.5K
NOI $16,767 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$218.9K
$191.6K – $255.4K
NOI $15,324 @ 7.0% cap · market cap 5.11%
Theoretical Best
Warehouse
$2.45M
$2.14M – $2.85M
NOI $171,292 @ 7.0% cap · market cap 57.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate units include one 2-bedroom, two 1-bedroom units, and one currently vacant unit.
Where is this triplex located?
The property is located at 16 Begonia Street Browns Mills, NJ.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3 separate units: one 2‑bedroom and two 1‑bedroom units; One 1‑bedroom unit is currently vacant, with two units rented; Rents reported at $1,100 for the 2‑bedroom unit and $900 for one 1‑bedroom unit
