Turnkey 7-Unit Rental
For Sale
$849,000
20 Franklin St, Bridgeton, NJ 08302
Excellent investment opportunity with recent upgrades and reliable tenants.
Property Size5,000 SF
Price / SF$169.80
Days on Market204
Property Features for 20 Franklin St
General Information
Standard status
Active
Size
5,000 SF
Building Details
Year Built
1966
Listing Agency:
Keller Williams Realty Monmouth/Ocean
Listed By:
Efrayim Lax · License #1751383
(732) 942-5280
Source:
Kandorre
Added: Mar 27
Changed: Oct 10
Last Checked: Oct 15 at 4:40AM
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 Realty Monmouth/Ocean
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Investment Insights
Based on property information with market context.
This is a 7-unit rental property presenting an investment opportunity. The property features a mix of unit sizes, including four one-bedroom units, two two-bedroom units, and one three-bedroom unit. Recent upgrades include a new high-efficiency boiler and a new hot water heater. Off-street parking is available. The property is currently turnkey with tenants.
Key Highlights
- Seven‑unit rental property offering a strong investment opportunity
- Recent upgrades include a new high‑efficiency boiler and hot water heater
- Turnkey property, ready for immediate operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,859
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,180
$1.2M
Cap Rate 7%
$855,129
$855.1K
Cap Rate 9%
$665,100
$665.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$116.4K $23.28/SF
− Vacancy
−$7.6K −$1.51/SF
EGI
$108.8K $21.77/SF
− OpEx
−$49.0K −$9.80/SF
NOI
$59.9K $11.97/SF
Area
Cumberland County, NJ
Vacancy
6.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,180
Cap Rate 7%
$855,129
Cap Rate 9%
$665,100
Alternative Uses
Best Use
Apartment 5plus
$855.1K
$748.2K – $997.7K
NOI $59,859 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.51M
$6.57M – $8.76M
NOI $525,528 @ 7.0% cap · market cap 61.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Explore this area
Business Placement
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Excellent investment opportunity with recent upgrades and reliable tenants.
Where is this apartment building located?
The property is located at 20 Franklin St Bridgeton, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Seven‑unit rental property offering a strong investment opportunity; Recent upgrades include a new high‑efficiency boiler and hot water heater; Turnkey property, ready for immediate operation
