Building Details

Year Built 2009

Listing Agency: New and Modern Group, LLC a***@gmail.com Show Phone

Listed By: Sandeep B Jadhav · License #2335649 Show Phone

Source: Compass

Added: Nov 2, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:14PM

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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 New and Modern Group, LLC

Investment Insights

Based on property information with market context.

Constructed in 2009, this triplex contains three residential units with a practical mix of layouts. One apartment offers 3 bedrooms and 1.5 bathrooms, while the other two each provide 2 bedrooms and 1 full bathroom. Vinyl siding is installed on the exterior, and the property includes washer and dryer capability along with two or more access exits.

The building occupies a half-acre lot in the Creekside at Delanco community and provides driveway parking. R-3 zoning supports the property’s multifamily configuration. The address is within Delanco Township and falls under the Delanco Township Public Schools district, with Riverside H.S. listed as the high school.

Key Highlights

• Three‑unit residential property built in 2009
• Unit mix includes 3 bedrooms and 1.5 bathrooms, plus two 2‑bedroom, 1‑bathroom units
• R‑3 zoning

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

$48,725

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

4.06%

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%

$974,500 $974.5K

Cap Rate 7%

$696,071 $696.1K

Cap Rate 9%

$541,389 $541.4K

Market Conditions

NOI Build-Up for 3,400 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

$73.4K $21.60/SF

− Vacancy

−$3.8K −$1.13/SF

EGI

$69.6K $20.47/SF

− OpEx

−$20.9K −$6.14/SF

NOI

$48.7K $14.33/SF

Area

Burlington County, NJ

Vacancy

5.22%

Lease Rate

$21.60 /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%

$974,500

Cap Rate 7%

$696,071

Cap Rate 9%

$541,389

Alternative Uses

Best Use

Multifamily LT 5

$696.1K

$609.1K – $812.1K (±1% cap)

NOI $48,725 @ 7.0% cap · market cap 4.06%

Second Best

Apartment 5plus

$636.2K

$556.7K – $742.2K (±1% cap)

NOI $44,532 @ 7.0% cap · market cap 3.71%

Theoretical Best

Warehouse

$7.11M

$6.22M – $8.30M (±1% cap)

NOI $497,772 @ 7.0% cap · market cap 41.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Spa & Massage Center Pharmacy Hair Salon Furniture & Home Goods Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 08075, NJ

30,327

Population

12,092

Households

2.5

Avg Household Size

39

Median Age

38%

College-Educated

92%

High-School Grad

9.9 sq mi

ZIP Area

3,063

Density / Sq Mi

$94,576

Median Household Income

$47,979

Median Earnings

$1,427

Median Rent

$288,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Triplex - Three residential units with varied layouts, vinyl siding, washer and dryer capability, and driveway parking.

Where is this triplex located?

The property is located at 2201 Burlington Avenue Delanco, NJ.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Three‑unit residential property built in 2009; Unit mix includes 3 bedrooms and 1.5 bathrooms, plus two 2‑bedroom, 1‑bathroom units; R‑3 zoning