Residential Income Multifamily
For Sale
$410,000
Pending
401 Comly Avenue, Collingswood, NJ 08107
Multifamily residential income property offered for sale at 401 Comly Avenue in Collingswood, New Jersey.
Property Size2,105 SF
Days on Market140
Property Features for 401 Comly Avenue
General Information
Standard status
Pending
Size
2,105 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Fee Simple
Zoning
MULTI FAMILY
Taxes and HOA fees
Annual Taxes
$9,053
Amenities
https://vimeo.com/1185367049?fl=pl&fe=sh
No Pool
Building Details
Year Built
1903
Listing Agency:
Coldwell Banker Real Estate LLC
Listed By:
Steven Piacquadio · License #1433655
(215) 485-0322
Source:
Compass
Added: Apr 21
Changed: Aug 7
Last Checked: Jul 26 at 1:11PM
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 Coldwell Banker Real Estate LLC
Investment Insights
Based on property information with market context.
This residential income multifamily property is offered for sale in Collingswood, New Jersey. The listing is classified as other multifamily properties within the Camden County area.
The property is located at 401 Comly Avenue (MLS area: Collingswood Boro, 20412) in Camden County. The schools noted in the listing are Collingswood High School and Collingswood Middle/Junior School, within the Collingswood Borough school district.
Details on unit configuration, interior features, or building amenities are not provided in the available information. Prospective buyers are encouraged to review the offering materials for complete specifications.
The property is located at 401 Comly Avenue (MLS area: Collingswood Boro, 20412) in Camden County. The schools noted in the listing are Collingswood High School and Collingswood Middle/Junior School, within the Collingswood Borough school district.
Details on unit configuration, interior features, or building amenities are not provided in the available information. Prospective buyers are encouraged to review the offering materials for complete specifications.
Key Highlights
- Multifamily residential income property for sale at 401 Comly Avenue in Collingswood, New Jersey
- Year built: 1903
- No pool
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
$21,377
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
5.21%
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%
$427,540
$427.5K
Cap Rate 7%
$305,386
$305.4K
Cap Rate 9%
$237,522
$237.5K
Market Conditions
NOI Build-Up for 2,105 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
$41.2K $19.56/SF
− Vacancy
−$2.3K −$1.10/SF
EGI
$38.9K $18.46/SF
− OpEx
−$17.5K −$8.31/SF
NOI
$21.4K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /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%
$427,540
Cap Rate 7%
$305,386
Cap Rate 9%
$237,522
Alternative Uses
Best Use
Apartment 5plus
$305.4K
$267.2K – $356.3K
NOI $21,377 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.7K
$467.0K – $622.7K
NOI $37,361 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
Explore this area
Business Placement
Demographics for 08107, NJ
13,688
Population
6,180
Households
2.2
Avg Household Size
38
Median Age
36%
College-Educated
89%
High-School Grad
1.8 sq mi
ZIP Area
7,604
Density / Sq Mi
$70,262
Median Household Income
$44,771
Median Earnings
$1,257
Median Rent
$261,700
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?
Multifamily property - Multifamily residential income property offered for sale at 401 Comly Avenue in Collingswood, New Jersey.
Where is this multifamily property located?
The property is located at 401 Comly Avenue Collingswood, NJ.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Multifamily residential income property for sale at 401 Comly Avenue in Collingswood, New Jersey; Year built: 1903; No pool
