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 Market77
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:
BHHS Fox & Roach-Marlton
(856) 613-8003
Listed By:
Jon Benstead · License #2296861
(856) 613-8003
Source:
Evrealestate
Added: May 25
Changed: Aug 8
Last Checked: Aug 9 at 8:17AM
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-Marlton
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
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
$32,718
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
8.41%
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%
$654,360
$654.4K
Cap Rate 7%
$467,400
$467.4K
Cap Rate 9%
$363,533
$363.5K
Market Conditions
NOI Build-Up for 2,498 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
$62.9K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.5K $23.81/SF
− OpEx
−$26.8K −$10.72/SF
NOI
$32.7K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /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%
$654,360
Cap Rate 7%
$467,400
Cap Rate 9%
$363,533
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
