Three-Unit Triplex with
New
For Sale
$395,900
17 W 5TH STREET, Florence, NJ 08518
Three one-bedroom apartments share the building with an attached garage and full basement.
Property Size2,024 SF
Price / SF$195.60
Days on Market6
Property Features for 17 W 5TH STREET
General Information
Standard status
Active
Size
2,024 SF
Property subtype
Triplex
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1930
Buildings
1
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 810-5300
Listed By:
Jonathan Zachary Benstead · License #2296861
(856) 613-8003
Source:
Cummingsrealtors
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 3:17PM
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
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Investment Insights
Based on property information with market context.
This 2,024-square-foot triplex, built in 1930, contains three one-bedroom apartments. The property is partially occupied and includes an attached garage and a full basement. The sale is on an as-is basis.
Off-street parking is available behind the building, with additional street parking in front. Tenants pay their own utilities; the landlord covers real estate taxes, insurance, water and sewer, and common-area electricity.
Off-street parking is available behind the building, with additional street parking in front. Tenants pay their own utilities; the landlord covers real estate taxes, insurance, water and sewer, and common-area electricity.
Key Highlights
- Three one‑bedroom apartments in a 2,024‑square‑foot building
- Built in 1930
- Attached garage and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,005
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,100
$580.1K
Cap Rate 7%
$414,357
$414.4K
Cap Rate 9%
$322,278
$322.3K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$43.7K $21.60/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$41.4K $20.47/SF
− OpEx
−$12.4K −$6.14/SF
NOI
$29.0K $14.33/SF
Area
Burlington County, NJ
Vacancy
5.22%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,100
Cap Rate 7%
$414,357
Cap Rate 9%
$322,278
Alternative Uses
Best Use
Multifamily LT 5
$414.4K
$362.6K – $483.4K
NOI $29,005 @ 7.0% cap · market cap 7.33%
Second Best
Apartment 5plus
$378.7K
$331.4K – $441.8K
NOI $26,510 @ 7.0% cap · market cap 6.70%
Theoretical Best
Warehouse
$4.23M
$3.70M – $4.94M
NOI $296,321 @ 7.0% cap · market cap 74.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
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Business Placement
Demographics for 08518, NJ
5,943
Population
2,165
Households
2.7
Avg Household Size
42
Median Age
24%
College-Educated
88%
High-School Grad
1.9 sq mi
ZIP Area
3,128
Density / Sq Mi
$102,321
Median Household Income
$45,337
Median Earnings
$1,253
Median Rent
$287,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments share the building with an attached garage and full basement.
Where is this triplex located?
The property is located at 17 W 5TH STREET Florence, NJ.
What is the asking price?
The asking price for this property is $395,900.
What are key features of this property?
This property features: Three one‑bedroom apartments in a 2,024‑square‑foot building; Built in 1930; Attached garage and full basement
