Duplex with Garage
For Sale
$397,900
452 RARITAN Avenue, Atco, NJ 08004
Multi-Family, ATCO, NJ
Property Size1,737 SF
Lot Size0.34 Acres
Price / SF$229.07
Days on Market50
Property Features for 452 RARITAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Driveway, Garage - Detached
Interior features
Attic, Ceiling Fan(s)
Appliances
Oven/Range - Electric
Subdivision
ATCO
Middle school
HAMMONTON M.S.
High school
HAMMONTON H.S.
Elementary school district
WATERFORD TOWNSHIP PUBLIC SCHOOLS
Middle school district
WATERFORD TOWNSHIP PUBLIC SCHOOLS
High school district
WATERFORD TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
1,737 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
7054
Utilities
Heating system
Hot Water(Heating), Radiant
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1932
Number of units
2
Building materials
Frame, Vinyl Siding
Architectural style
Cape Cod
Listing Agency:
Century 21 Reilly Realtors · Century 21 Real Estate
(856) 767-1776
Listed By:
Dennis Kain · License #8732782
(856) 753-0198
Added: Jul 3
Changed: Aug 20
Last Checked: Aug 21 at 5:06AM
MLS# NJCD2121650
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property includes a three-bedroom single-family home and a one-bedroom apartment positioned above a detached two-car garage. The 1,737-square-foot property includes a basement, attic, ceiling fans, central air, hot-water heating, radiant heat, and an electric oven/range. Frame construction with vinyl siding and a Cape Cod architectural style date to 1932.
The property is located at 452 Raritan Avenue in Atco, Camden County, New Jersey. The 0.3444-acre parcel includes a driveway and detached garage parking. The home and garage apartment provide a two-unit residential configuration with distinct living spaces and supporting storage and parking features.
The property is located at 452 Raritan Avenue in Atco, Camden County, New Jersey. The 0.3444-acre parcel includes a driveway and detached garage parking. The home and garage apartment provide a two-unit residential configuration with distinct living spaces and supporting storage and parking features.
Key Highlights
- Three‑bedroom home paired with a one‑bedroom apartment
- 1,737 square feet on a 0.3444‑acre lot
- Detached 2‑car garage with apartment above
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
Property Profile
Current Use
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include a three-bedroom home and a one-bedroom apartment above a detached garage.
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: Three‑bedroom home paired with a one‑bedroom apartment; 1,737 square feet on a 0.3444‑acre lot; Detached 2‑car garage with apartment above
