Corner Duplex with Detached
452 Raritan Avenue Atco, NJ 08004
For Sale
$397,900
Corner property with a 3-bedroom Cape Cod home and a detached garage plus an upstairs 1-bedroom apartment.
Property Size1,737 SF
Price / SF$229.07
Days on Market50
Property Features for 452 Raritan Avenue
General Information
Standard status
Active
Size
1,737 SF
Property subtype
Multi-family
Building Details
Year Built
1932
Listing Agency:
Century 21 Reilly Realtors
Listed By:
Dennis Kain
(800) 299-2129
Source:
Actionplusrealty
Added: Jun 10
Changed: Jul 27
Last Checked: Jul 28 at 11:03PM
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 Century 21 Reilly Realtors
Investment Insights
Based on property information with market context.
This corner property includes a 3-bedroom Cape Cod-style home, a detached garage, and an upstairs 1-bedroom apartment with a private entrance. The arrangement supports two distinct living spaces within the same overall asset, with the apartment set up for independent access.
Located at 452 Raritan Avenue in Atco, NJ, the property’s configuration combines the main home and secondary unit above the garage, providing a practical layout for residential income.
As presented, the income-oriented setup features a detached garage and separate entry for the upstairs 1-bedroom apartment, while the primary residence provides three bedrooms in the Cape Cod-style portion of the property.
Located at 452 Raritan Avenue in Atco, NJ, the property’s configuration combines the main home and secondary unit above the garage, providing a practical layout for residential income.
As presented, the income-oriented setup features a detached garage and separate entry for the upstairs 1-bedroom apartment, while the primary residence provides three bedrooms in the Cape Cod-style portion of the property.
Key Highlights
- 1932 corner property featuring a 3‑bedroom Cape Cod‑style home
- Detached garage with an upstairs 1‑bedroom apartment
- Upstairs 1‑bedroom apartment has a private entrance
Financial Insights For Multifamily LT 5
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 | $29.8k | $17.16 |
| − Vacancy | −$1.6k | −$0.91 |
| EGI | $28.2k | $16.25 |
| − OpEx | −$8.5k | −$4.87 |
| NOI | $19.8k | $11.37 |
1,737 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.2K
$246.9K – $329.3K
NOI $19,755 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$252.0K
$220.5K – $294.0K
NOI $17,640 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$440.4K
$385.4K – $513.8K
NOI $30,830 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Corner property with a 3-bedroom Cape Cod home and a detached garage plus an upstairs 1-bedroom apartment.
Where is this duplex located?
The property is located at 452 Raritan Avenue Atco, NJ.
What is the asking price?
The asking price for this property is $397,900.
What are key features of this property?
This property features: 1932 corner property featuring a 3‑bedroom Cape Cod‑style home; Detached garage with an upstairs 1‑bedroom apartment; Upstairs 1‑bedroom apartment has a private entrance
