Two-Unit Multifamily
219 E BROAD STREET Burlington, NJ 08016
For Sale
$398,888
MULTI_FAMILY - BURLINGTON, NJ
Property Size2,498 SF
Price / SF$159.68
Days on Market68
Property Features for 219 E BROAD STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Townhouse
- Standard status
- Active
- Size
- 2,498 SF
Building Details
- Year built
- 1886
Listing Agency:
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center
(856) 810-5300
Listed By:
Jonathan Benstead · License #2296861
Added: May 18
Changed: Jul 23
Last Checked: Jul 24 at 4:06AM
MLS# NJBL2112274
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 two-unit multifamily property at 219 E Broad St offers two separately rented, occupied residences. The first-floor unit is a 2-bedroom, 1-bath layout currently rented for $1,750 per month. The second-floor unit is a 3-bedroom, 2-bath layout currently rented for $2,000 per month. Utilities are split with separate electric service for each unit and one shared gas meter for the property. Owner-paid expenses include taxes, insurance, gas, and water/sewer.
Located in downtown Burlington, the property provides convenient access to the River Line and Philadelphia, PA.
The building’s duplex configuration supports two distinct living spaces, each with its own electrical service, while gas is shared via a single meter.
Located in downtown Burlington, the property provides convenient access to the River Line and Philadelphia, PA.
The building’s duplex configuration supports two distinct living spaces, each with its own electrical service, while gas is shared via a single meter.
Key Highlights
- 2‑unit multifamily building built in 1886 at 219 E Broad St, Burlington, NJ
- First‑floor unit: 2 bed, 1 bath; currently occupied and rented for $1,750/month
- Second‑floor unit: 3 bed, 2 bath; currently occupied and rented for $2,000/month
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 | $54.0k | $21.60 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $51.1k | $20.47 |
| − OpEx | −$15.3k | −$6.14 |
| NOI | $35.8k | $14.33 |
2,498 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$511.4K
$447.5K – $596.6K
NOI $35,798 @ 7.0% cap · market cap 8.97%
Second Best
Apartment 5plus
$467.4K
$409.0K – $545.3K
NOI $32,718 @ 7.0% cap · market cap 8.20%
Theoretical Best
Warehouse
$5.22M
$4.57M – $6.10M
NOI $365,716 @ 7.0% cap · market cap 91.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two occupied units with separate electric utilities and one shared gas meter, with monthly rents of $1,750 and $2,000.
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 $398,888.
What are key features of this property?
This property features: 2‑unit multifamily building built in 1886 at 219 E Broad St, Burlington, NJ; First‑floor unit: 2 bed, 1 bath; currently occupied and rented for $1,750/month; Second‑floor unit: 3 bed, 2 bath; currently occupied and rented for $2,000/month
