Renovated Duplex with
For Sale
$390,000
211 Berkley Rd, Paulsboro, NJ 08066
Extensively renovated duplex with a full basement, new kitchen, updated windows, and second-floor living space.
Property Size1,905 SF
Price / SF$204.72
Days on Market93
Property Features for 211 Berkley Rd
General Information
Standard status
Active
Size
1,905 SF
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$5,630
Listing Agency:
BHHS Fox & Roach-Mullica Hill South
(856) 343-6000
Listed By:
Ida Zammarrelli · License #455464
(609) 221-3394
Source:
Exprealty
Added: Jun 8
Changed: Sep 7
Last Checked: Sep 6 at 3:58PM
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-Mullica Hill South
Investment Insights
Based on property information with market context.
This extensively renovated property offers the flexibility of both a duplex configuration and a single-family layout. The first floor features three generously sized bedrooms, a brand-new kitchen, luxury vinyl flooring, updated windows throughout most of the home, and newly finished bathrooms with custom tile. Recessed lighting adds brightness throughout.
A full basement provides additional usable space. The second floor includes a kitchen, living area, full bath, and bedroom.
Additional improvements include new appliances, a new HVAC system, and a new electrical panel. Overall, the home presents a move-in-ready, modernized interior with upgrades intended to provide reliable functionality for years to come.
A full basement provides additional usable space. The second floor includes a kitchen, living area, full bath, and bedroom.
Additional improvements include new appliances, a new HVAC system, and a new electrical panel. Overall, the home presents a move-in-ready, modernized interior with upgrades intended to provide reliable functionality for years to come.
Key Highlights
- Extensively renovated property with flexibility as a duplex and a single‑family home
- First floor features 3 bedrooms, a brand new kitchen, new luxury vinyl flooring, and recessed lighting
- Updated windows (most windows updated) plus new bathrooms with custom tile finishes
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
$25,030
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
6.42%
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%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 1,905 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
$37.7K $19.80/SF
− Vacancy
−$2.0K −$1.03/SF
EGI
$35.8K $18.77/SF
− OpEx
−$10.7K −$5.63/SF
NOI
$25.0K $13.14/SF
Area
Gloucester County, NJ
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Multifamily LT 5
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 08066, NJ
8,414
Population
3,605
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,237
Density / Sq Mi
$62,412
Median Household Income
$35,684
Median Earnings
$1,092
Median Rent
$166,600
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?
Duplex - Extensively renovated duplex with a full basement, new kitchen, updated windows, and second-floor living space.
Where is this duplex located?
The property is located at 211 Berkley Rd Paulsboro, NJ.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Extensively renovated property with flexibility as a duplex and a single‑family home; First floor features 3 bedrooms, a brand new kitchen, new luxury vinyl flooring, and recessed lighting; Updated windows (most windows updated) plus new bathrooms with custom tile finishes
