Duplex with Month-to-Month
For Sale
$250,000
Pending
341 N PEARL STREET, Bridgeton, NJ 08302
Two-unit residential property with existing tenants on month-to-month lease terms.
Property Size1,516 SF
Days on Market75
Property Features for 341 N PEARL STREET
General Information
Standard status
Pending
Size
1,516 SF
Property subtype
Duplex
Additional Details
Gross Income
$30,000
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Keller Williams Prime Realty
(856) 362-5072
Listed By:
Joseph Battaglia · License #2336899
(856) 716-3663
Source:
Cummingsrealtors
Added: Aug 4
Changed: Oct 16
Last Checked: Oct 16 at 8:46AM
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 Keller Williams Prime Realty
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Investment Insights
Based on property information with market context.
This duplex contains 1,516 square feet of residential space and was built in 1900. The property is currently occupied by tenants, with both tenancies structured on a month-to-month basis.
Located at 341 N Pearl Street in Bridgeton, New Jersey, the property is offered as a multifamily residential asset. Its duplex configuration provides two separate residential units within one building.
Located at 341 N Pearl Street in Bridgeton, New Jersey, the property is offered as a multifamily residential asset. Its duplex configuration provides two separate residential units within one building.
Key Highlights
- Duplex configuration with two residential units
- 1,516 square feet of residential space
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,715
Cap Rate
7.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,300
$394.3K
Cap Rate 7%
$281,643
$281.6K
Cap Rate 9%
$219,056
$219.1K
Market Conditions
NOI Build-Up for 1,516 SF
Gross rent
$30.0K $19.80/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$28.2K $18.58/SF
− OpEx
−$8.4K −$5.57/SF
NOI
$19.7K $13.00/SF
Area
Cumberland County, NJ
Vacancy
6.17%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,300
Cap Rate 7%
$281,643
Cap Rate 9%
$219,056
Alternative Uses
Best Use
Multifamily LT 5
$281.6K
$246.4K – $328.6K
NOI $19,715 @ 7.0% cap · market cap 7.89%
Second Best
Apartment 5plus
$259.3K
$226.9K – $302.5K
NOI $18,149 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,340 @ 7.0% cap · market cap 63.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with existing tenants on month-to-month lease terms.
Where is this duplex located?
The property is located at 341 N PEARL STREET Bridgeton, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; 1,516 square feet of residential space; Built in 1900
