Duplex with Multifamily
For Sale
$388,888
219 E BROAD STREET, Burlington, NJ 08016
The property offers baseboard heat, gas water heating, window-unit cooling, and on-street parking.
Property Size2,498 SF
Price / SF$155.68
Days on Market78
Property Features for 219 E BROAD STREET
General Information
Standard status
Active
Size
2,498 SF
Property subtype
Residential Income
Zoning
MULTIFAMILY
Taxes and HOA fees
Annual Taxes
$4,885
Amenities
Window Unit(s)
Natural Gas, Baseboard
Gas Water Heater
On Street
Other
Building Details
Building Size
2,498 SF
Year Built
1886
Listing Agency:
Berkshire Hathaway HomeServices Fox & Roach, Realtors
(856) 613-8003
Listed By:
Jonathan Zachary Benstead · License #2296861
(856) 613-8003
Source:
Evrealestate
Added: May 20
Changed: Aug 3
Last Checked: Aug 5 at 5:00AM
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 Berkshire Hathaway HomeServices Fox & Roach, Realtors
Investment Insights
Based on property information with market context.
This duplex is a multifamily residential property with a listed property size of 2,498 and a construction date of 1886. Interior systems include baseboard heat, natural gas service, a gas water heater, and window-unit cooling. On-street parking is provided along the property frontage.
The property is located at 219 E Broad Street in Burlington, New Jersey, within Burlington County. Multifamily zoning supports its classification as a duplex and income-producing residential asset.
The property is located at 219 E Broad Street in Burlington, New Jersey, within Burlington County. Multifamily zoning supports its classification as a duplex and income-producing residential asset.
Key Highlights
- Duplex property with MULTIFAMILY zoning
- Listed property size of 2,498
- Built in 1886
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 | $62.9k | $25.20 |
| − Vacancy | −$3.5k | −$1.39 |
| EGI | $59.5k | $23.81 |
| − OpEx | −$26.8k | −$10.72 |
| NOI | $32.7k | $13.10 |
2,498 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.4K
$447.5K – $596.6K
NOI $35,798 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$467.4K
$409.0K – $545.3K
NOI $32,718 @ 7.0% cap · market cap 8.41%
Theoretical Best
Warehouse
$5.22M
$4.57M – $6.10M
NOI $365,716 @ 7.0% cap · market cap 94.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
782
Businesses Nearby
Explore this area
Business Placement
Demographics for 08016, NJ
34,617
Population
13,842
Households
2.5
Avg Household Size
41
Median Age
34%
College-Educated
92%
High-School Grad
21.6 sq mi
ZIP Area
1,603
Density / Sq Mi
$92,560
Median Household Income
$49,919
Median Earnings
$1,343
Median Rent
$308,000
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 - The property offers baseboard heat, gas water heating, window-unit cooling, and on-street parking.
Where is this duplex located?
The property is located at 219 E BROAD STREET Burlington, NJ.
What is the asking price?
The asking price for this property is $388,888.
What are key features of this property?
This property features: Duplex property with MULTIFAMILY zoning; Listed property size of 2,498; Built in 1886
