Mixed-Use Four-Unit
For Sale
$325,000
20 20-22 E Broad St, Burlington, NJ 08016
Gutted property combines street-level commercial space with upstairs residential apartments near rail and bus transportation.
Property Size3,115 SF
Price / SF$104.33
Days on Market96
Property Features for 20 20-22 E Broad St
General Information
Standard status
Active
Size
3,115 SF
Property Condition
Severity
Major Repairs Needed
Evidence
gutted
Building Details
Year Built
1870
Buildings
1
Tenancy
Multi
Listing Agency:
Weichert Realtors-Medford
Listed By:
Brandannette M Hauer
(609) 802-1173
Source:
Lgagne
Added: Jul 10
Changed: Oct 12
Last Checked: Oct 7 at 4:48PM
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 Weichert Realtors-Medford
Investment Insights
Based on property information with market context.
This mixed-use property contains four units within a 3,115-square-foot building constructed in 1870. The main level includes two storefront spaces, each with its own bathroom. Two apartments occupy the upper floor, and each apartment has two bedrooms, one bathroom, a living room, and a kitchen.
The property is located at 20 20-22 E Broad St in Burlington, NJ, next to the train and bus station. The building has been gutted and is being offered as-is. The buyer will be responsible for repairs and required approvals, and only cash offers will be considered.
The property is located at 20 20-22 E Broad St in Burlington, NJ, next to the train and bus station. The building has been gutted and is being offered as-is. The buyer will be responsible for repairs and required approvals, and only cash offers will be considered.
Key Highlights
- Four‑unit mixed‑use building with two storefronts and two apartments
- 3,115‑square‑foot building constructed in 1870
- Two main‑level storefronts, each with a private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,429
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,580
$528.6K
Cap Rate 7%
$377,557
$377.6K
Cap Rate 9%
$293,656
$293.7K
Market Conditions
NOI Build-Up for 3,115 SF
Gross rent
$49.3K $15.84/SF
− Vacancy
−$7.1K −$2.27/SF
EGI
$42.3K $13.57/SF
− OpEx
−$15.9K −$5.09/SF
NOI
$26.4K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,580
Cap Rate 7%
$377,557
Cap Rate 9%
$293,656
Alternative Uses
Best Use
Retail
$665.5K
$582.3K – $776.4K
NOI $46,582 @ 7.0% cap · market cap 14.33%
Second Best
Multifamily LT 5
$637.7K
$558.0K – $744.0K
NOI $44,640 @ 7.0% cap · market cap 13.74%
Theoretical Best
Warehouse
$6.51M
$5.70M – $7.60M
NOI $456,047 @ 7.0% cap · market cap 140.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
816
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
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?
Mixed-use property - Gutted property combines street-level commercial space with upstairs residential apartments near rail and bus transportation.
Where is this mixed-use property located?
The property is located at 20 20-22 E Broad St Burlington, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four‑unit mixed‑use building with two storefronts and two apartments; 3,115‑square‑foot building constructed in 1870; Two main‑level storefronts, each with a private bathroom
