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Mixed-Use Property with Income Potential

37 East Broad Street Burlington, NJ 08016

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For Sale
$425,555

Partially occupied 3-unit property with residential and commercial spaces.

Type:Multi-Family / Fee Simple
Property size:
3,052 SF
Price / SF:
$139/SF
Added:
Apr 28, 2026
Days on Market:
74
Last Refresh:
Jul 5 at 7:26 am

Property Features for 37 East Broad Street

General Information

Standard status
Active
Size
3,052 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1870

Listing office BHHS Fox & Roach-Marlton

Listing date Apr 28, 2026

Source Compass

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.

The partially occupied 3-unit mixed-use property, located on East Broad Street in Burlington, New Jersey, includes two residential apartments and one commercial space. The property offers an investment opportunity with cash flow potential. One 3-bedroom residential unit is occupied by a long-term tenant on a month-to-month lease, with a current rental income of $1,500 per month. The other 2-bedroom residential unit is currently vacant, and was last rented in March 2026 for $1,600 per month. The commercial space is occupied by a long-term tenant operating a hair studio, generating a rental income of $1,000 per month. Detailed profit and loss information outlining rental income and expenses is available. The property is being sold as-is with tenants in place. The property is located in Burlington City, within the Burlington City school district, and has a property size of 3,052 square feet.

Key Highlights

  • Immediate cash flow potential from existing tenants.
  • Mixed‑use property featuring two residential apartments and a commercial space.
  • Long‑term tenants include a hair studio and a 3‑bedroom residential unit.

Local Financial Insights For Mixed Use

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 $48.3k $15.84
− Vacancy −$6.9k −$2.27
EGI $41.4k $13.57
− OpEx −$15.5k −$5.09
NOI $25.9k $8.48
3,052 SF · lease $15.84/SF/yr · vacancy 14.30% · expense 37.50%

Alternative Uses

Best Use
Multifamily LT 5
$624.8K
$546.7K – $729.0K (±1% cap)
NOI $43,737 @ 7.0% cap · market cap 10.28%
Second Best
Apartment 5plus
$571.1K
$499.7K – $666.2K (±1% cap)
NOI $39,974 @ 7.0% cap · market cap 9.39%
Theoretical Best
Warehouse
$6.38M
$5.59M – $7.45M (±1% cap)
NOI $446,824 @ 7.0% cap · market cap 105.00%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Oumy Hair Braiding Hair Salon

Suggested Use

Parking Lot & Garage Storage Facility Garden Center Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store HVAC Service Travel Agency

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Partially occupied 3-unit property with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 37 East Broad Street Burlington, NJ.
What is the asking price?
The asking price for this property is $425,555.
What are key features of this property?
This property features: Immediate cash flow potential from existing tenants.; Mixed‑use property featuring two residential apartments and a commercial space.; Long‑term tenants include a hair studio and a 3‑bedroom residential unit.
Contact an agent
More about this property
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