Corner Duplex with Detached
For Sale
$397,900
452 Raritan Avenue, Atco, NJ 08004
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 Market82
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 23
Changed: Sep 11
Last Checked: Sep 11 at 1:12PM
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
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
$19,755
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
4.96%
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%
$395,100
$395.1K
Cap Rate 7%
$282,214
$282.2K
Cap Rate 9%
$219,500
$219.5K
Market Conditions
NOI Build-Up for 1,737 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
$29.8K $17.16/SF
− Vacancy
−$1.6K −$0.91/SF
EGI
$28.2K $16.25/SF
− OpEx
−$8.5K −$4.87/SF
NOI
$19.8K $11.37/SF
Area
Camden County, NJ
Vacancy
5.32%
Lease Rate
$17.16 /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%
$395,100
Cap Rate 7%
$282,214
Cap Rate 9%
$219,500
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 08004, NJ
12,005
Population
4,238
Households
2.8
Avg Household Size
43
Median Age
28%
College-Educated
91%
High-School Grad
25.8 sq mi
ZIP Area
465
Density / Sq Mi
$107,041
Median Household Income
$49,164
Median Earnings
$1,169
Median Rent
$255,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
