Building Details

Year Built 1910

Buildings 2

Listing Agency: ERA Central Realty Group - Bordentown

Listed By: Anjani D Kumar Show Phone

Source: Actionplusrealty

Added: Aug 26 Changed: Sep 4 Last Checked: Sep 4 at 2:46PM

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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 ERA Central Realty Group - Bordentown

Investment Insights

Based on property information with market context.

This duplex pairs a multi-level main residence with a detached carriage home. The primary dwelling includes formal living and dining rooms, a family room adjoining the kitchen, four bedrooms, and a laundry room with a full bathroom. Sliding doors connect the main living area to the backyard. The unfinished basement provides additional storage, while the upper levels include a primary suite with a separate sitting room and three additional bedrooms.

The carriage home adds a one-bedroom layout with an open living area, kitchen, sitting space, dedicated storage, and backyard access. Major roadways, restaurants, the River LINE train, and Joint Base McGuire-Dix-Lakehurst are nearby. The property was built in 1910. The main kitchen and bath roof is 10 years old, the main bedroom roof is less than 1 year old, the main house HWH is 1 year old, and the carriage house HWH is 5 years old.

Key Highlights

• Separate carriage home with one bedroom, open living area, kitchen, storage, and backyard access
• Main residence includes four bedrooms and a primary suite with separate sitting room
• Formal living room, dining room, family room, kitchen, and laundry room with full bathroom

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

$36,730

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

8.16%

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%

$734,600 $734.6K

Cap Rate 7%

$524,714 $524.7K

Cap Rate 9%

$408,111 $408.1K

Market Conditions

NOI Build-Up for 2,563 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

$55.4K $21.60/SF

− Vacancy

−$2.9K −$1.13/SF

EGI

$52.5K $20.47/SF

− OpEx

−$15.7K −$6.14/SF

NOI

$36.7K $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%

$734,600

Cap Rate 7%

$524,714

Cap Rate 9%

$408,111

Alternative Uses

Best Use

Multifamily LT 5

$524.7K

$459.1K – $612.2K (±1% cap)

NOI $36,730 @ 7.0% cap · market cap 8.16%

Second Best

Apartment 5plus

$479.6K

$419.6K – $559.5K (±1% cap)

NOI $33,569 @ 7.0% cap · market cap 7.46%

Theoretical Best

Warehouse

$5.36M

$4.69M – $6.25M (±1% cap)

NOI $375,233 @ 7.0% cap · market cap 83.39%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Nail Salon Cafe & Coffee Shop Daycare Center

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

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

557

Businesses Nearby

Explore this area Business Placement

Demographics for 08505, NJ

18,178

Population

7,792

Households

2.3

Avg Household Size

43

Median Age

43%

College-Educated

96%

High-School Grad

22.5 sq mi

ZIP Area

808

Density / Sq Mi

$111,946

Median Household Income

$65,422

Median Earnings

$1,586

Median Rent

$353,200

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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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Separate one-bedroom carriage home complements a spacious, multi-level main residence with outdoor access and storage.

Where is this duplex located?

The property is located at 222 Washington Street Fieldsboro, NJ.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: Separate carriage home with one bedroom, open living area, kitchen, storage, and backyard access; Main residence includes four bedrooms and a primary suite with separate sitting room; Formal living room, dining room, family room, kitchen, and laundry room with full bathroom