Updated Two-Unit
For Sale
$279,995
211 Atlantic St, Bridgeton, NJ 08302
Top-and-bottom layout with two occupied two-bedroom apartments.
Property Size2,146 SF
Price / SF$130.47
Days on Market42
Property Features for 211 Atlantic St
General Information
Standard status
Active
Size
2,146 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
EXP Realty, LLC
(856) 333-3760
Listed By:
Carlo Drogo Sr. · License #1756500
Source:
Bernadetteaugello
Added: Jul 20
Changed: Aug 30
Last Checked: Aug 30 at 12:02AM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1930, this 2,146-square-foot duplex contains two separate apartments arranged on the first and second floors. Each unit offers two bedrooms and one bathroom, and both apartments are currently occupied. The property is located at 211 Atlantic St in Bridgeton, New Jersey.
Recent improvements include a roof installed last year, along with replacement electrical panels, heating systems, and water heaters completed within the past 3–5 years. Vinyl replacement windows are also in place. The property has two passing lead-based paint certifications and two passing rental certifications, providing documented compliance items for both units.
Recent improvements include a roof installed last year, along with replacement electrical panels, heating systems, and water heaters completed within the past 3–5 years. Vinyl replacement windows are also in place. The property has two passing lead-based paint certifications and two passing rental certifications, providing documented compliance items for both units.
Key Highlights
- 2,146‑square‑foot duplex with two separate apartments
- Each unit includes 2 bedrooms and 1 bathroom
- Both units are currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,820
$513.8K
Cap Rate 7%
$367,014
$367.0K
Cap Rate 9%
$285,456
$285.5K
Market Conditions
NOI Build-Up for 2,146 SF
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.
Gross rent
$50.0K $23.28/SF
− Vacancy
−$3.2K −$1.51/SF
EGI
$46.7K $21.77/SF
− OpEx
−$21.0K −$9.80/SF
NOI
$25.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$513,820
Cap Rate 7%
$367,014
Cap Rate 9%
$285,456
Alternative Uses
Best Use
Multifamily LT 5
$398.7K
$348.9K – $465.1K
NOI $27,908 @ 7.0% cap · market cap 9.97%
Second Best
Apartment 5plus
$367.0K
$321.1K – $428.2K
NOI $25,691 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,557 @ 7.0% cap · market cap 80.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
764
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Top-and-bottom layout with two occupied two-bedroom apartments.
Where is this duplex located?
The property is located at 211 Atlantic St Bridgeton, NJ.
What is the asking price?
The asking price for this property is $279,995.
What are key features of this property?
This property features: 2,146‑square‑foot duplex with two separate apartments; Each unit includes 2 bedrooms and 1 bathroom; Both units are currently occupied
