Tenant-Occupied
203 ALBANY AVENUE Barrington, NJ 08007
For Sale
$550,000
Pending
MULTI_FAMILY - BARRINGTON, NJ
Property Size2,699 SF
Days on Market44
Property Features for 203 ALBANY AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 3
- Standard status
- Pending
- Size
- 2,699 SF
Building Details
- Year built
- 1925
Listing Agency:
BHHS Fox & Roach Haddonfield
(856) 428-2600
Listed By:
Kathy McDonald
(609) 519-6418
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 24 at 9:06AM
MLS# NJCD2119920
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
This tenant-occupied triplex offers three separate rental units, with one main house plus two additional apartments located in a detached building at the rear of the property. Unit A includes a bright enclosed front porch, spacious living and dining rooms, an eat-in kitchen, and a full bathroom on the main level. Upstairs, Unit A provides three bedrooms and a second full bathroom. Unit A also features a full basement with a laundry area and storage. Off the kitchen, a small deck leads to a private backyard with a detached oversized 1-car garage, a covered patio area, and additional outdoor space.
Units B and C are in the separate rear building. Unit B is on the second floor and offers a living room, eat-in kitchen, one bedroom, and a full bathroom. Unit C is on the first floor with an updated eat-in kitchen, living room, one bedroom, and a full bathroom.
Located in Barrington, New Jersey, the property is described as convenient to local shopping, dining, schools, parks, and major roadways.
Units B and C are in the separate rear building. Unit B is on the second floor and offers a living room, eat-in kitchen, one bedroom, and a full bathroom. Unit C is on the first floor with an updated eat-in kitchen, living room, one bedroom, and a full bathroom.
Located in Barrington, New Jersey, the property is described as convenient to local shopping, dining, schools, parks, and major roadways.
Key Highlights
- Fully rented triplex with three separate tenant‑occupied units on one property
- Main house (Unit A) includes bright enclosed front porch, living room, formal dining room, eat‑in kitchen, and full bath on main level
- Unit A offers 3 bedrooms and a second full bathroom plus full basement with laundry area and ample storage
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 | $46.3k | $17.16 |
| − Vacancy | −$2.5k | −$0.91 |
| EGI | $43.9k | $16.25 |
| − OpEx | −$13.2k | −$4.87 |
| NOI | $30.7k | $11.37 |
2,699 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.5K
$383.7K – $511.6K
NOI $30,696 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$391.6K
$342.6K – $456.8K
NOI $27,410 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$684.3K
$598.8K – $798.4K
NOI $47,904 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
KM2 Construction
General Contractor
FAQs
What type of property is this?
Triplex - Fully rented triplex with three units across a main house and a detached rear building.
Where is this triplex located?
The property is located at 203 ALBANY AVENUE Barrington, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully rented triplex with three separate tenant‑occupied units on one property; Main house (Unit A) includes bright enclosed front porch, living room, formal dining room, eat‑in kitchen, and full bath on main level; Unit A offers 3 bedrooms and a second full bathroom plus full basement with laundry area and ample storage
