Six-Unit Multifamily with
212 Warren Street Beverly, NJ 08010
212 Warren Street, Beverly, NJ, 08010
$1,195,000
For Sale
$1,195,000
Historic six-unit apartment building with surface off-street parking and recently renovated units available to tour.
Property Size4,134 SF
Price / SF$289.07
Days on Market183
Property Features for 212 Warren Street
General Information
- Standard status
- Active
- Size
- 4,134 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
HomeSmart First Advantage Realty
(609) 325-1705
Listed by
Natalie Schanne · License #1647304
(609) 325-1705
Source
Compass
Added: Jan 21 Updated: Jul 23 at 12:25AM Checked: Jul 23 at 12:25AM
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 HomeSmart First Advantage Realty
Investment Insights
Based on property information with market context.
This historic six-unit residential multifamily building includes three one-bedroom apartments and three two-bedroom apartments. Four units have been recently renovated, with updated kitchens featuring new refrigerator and gas stove/oven, and renovated bathrooms with new vanity and fixtures. The property also features freshly painted interiors, hardwood floors, air conditioning, and 8+ ft ceilings. Off-street parking is provided, and some apartments include private elevated decks for tenant use. Pet friendly.
The building is located in Beverly, New Jersey. It is described as minutes from the Beverly–Edgewater Park River LINE Train Stop and the Delaware River, and the area is characterized as a tree-lined neighborhood with nearby shops, restaurants, and parks.
Renovated one- and two-bedroom apartments are currently available to tour and offered for rent, with additional units also presented within the overall property configuration.
The building is located in Beverly, New Jersey. It is described as minutes from the Beverly–Edgewater Park River LINE Train Stop and the Delaware River, and the area is characterized as a tree-lined neighborhood with nearby shops, restaurants, and parks.
Renovated one- and two-bedroom apartments are currently available to tour and offered for rent, with additional units also presented within the overall property configuration.
Key Highlights
- Historic 6‑unit residential multi‑family building in Beverly, NJ (3 one‑bedroom and 3 two‑bedroom units)
- 4 units recently renovated; renovated 1- and 2‑bedroom apartments available to tour and for rent
- Pro forma rent is $10,050/month; surface off‑street parking included
Local Financial Insights For Apartment 5plus
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 | $104.2k | $25.20 |
| − Vacancy | −$5.7k | −$1.39 |
| EGI | $98.4k | $23.81 |
| − OpEx | −$44.3k | −$10.72 |
| NOI | $54.1k | $13.10 |
4,134 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$773.5K
$676.8K – $902.4K
NOI $54,146 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.65M
$7.57M – $10.09M
NOI $605,233 @ 7.0% cap · market cap 50.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Historic six-unit apartment building with surface off-street parking and recently renovated units available to tour.
Where is this apartment building located?
The property is located at 212 Warren Street Beverly, NJ.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Historic 6‑unit residential multi‑family building in Beverly, NJ (3 one‑bedroom and 3 two‑bedroom units); 4 units recently renovated; renovated 1- and 2‑bedroom apartments available to tour and for rent; Pro forma rent is $10,050/month; surface off‑street parking included
