Four-Unit Apartment
New
For Sale
$995,000
5 Main Street, Robbinsville, NJ 08691
TC Redevelopment zoning permits residential or mixed commercial and residential use at this Main Street property.
Property Size2,748 SF
Lot Size0.70 Acres
Price / SF$362.08
Days on Market6
Property Features for 5 Main Street
General Information
Standard status
Active
Size
2,748 SF
Lot size
0.70 Acres
Property subtype
Multi-family
Zoning
TC Redevelopment
Units
Unit Mix
3 x 1BR, 1 x studio
Multifamily Units
4
Additional Details
Road Access
Yes
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Realty Mark Central,LLC
Listed By:
Rajeshkumar Patel · License #1859604
(609) 716-8400
Source:
Actionplusrealty
Added: Sep 6
Changed: Sep 10
Last Checked: Sep 10 at 5:18AM
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 Realty Mark Central,LLC
Investment Insights
Based on property information with market context.
This four-unit apartment building at 5 Main St in Robbinsville, New Jersey, contains 2,748 square feet on a 0.7025-acre parcel. The current layout includes three one-bedroom rental units and one studio. Built in 1920, the property is being offered as-is.
The site is zoned TC Redevelopment, with residential and mixed commercial/residential use identified in the zoning description. The parcel is also designated within the township center redevelopment zone, providing the option to retain the existing rental configuration or pursue redevelopment consistent with applicable requirements.
The site is zoned TC Redevelopment, with residential and mixed commercial/residential use identified in the zoning description. The parcel is also designated within the township center redevelopment zone, providing the option to retain the existing rental configuration or pursue redevelopment consistent with applicable requirements.
Key Highlights
- Four rental units: three one‑bedroom apartments and one studio
- 2,748‑square‑foot building on a 0.7025‑acre parcel
- TC Redevelopment zoning allows residential or mixed commercial/residential use
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
$48,561
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
4.88%
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%
$971,220
$971.2K
Cap Rate 7%
$693,729
$693.7K
Cap Rate 9%
$539,567
$539.6K
Market Conditions
NOI Build-Up for 2,748 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
$74.2K $27.00/SF
− Vacancy
−$4.8K −$1.76/SF
EGI
$69.4K $25.25/SF
− OpEx
−$20.8K −$7.57/SF
NOI
$48.6K $17.67/SF
Area
Mercer County, NJ
Vacancy
6.50%
Lease Rate
$27.00 /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%
$971,220
Cap Rate 7%
$693,729
Cap Rate 9%
$539,567
Alternative Uses
Best Use
Multifamily LT 5
$693.7K
$607.0K – $809.4K
NOI $48,561 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$599.2K
$524.3K – $699.0K
NOI $41,941 @ 7.0% cap · market cap 4.22%
Theoretical Best
Warehouse
$884.1K
$773.6K – $1.03M
NOI $61,889 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 08691, NJ
16,866
Population
7,322
Households
2.3
Avg Household Size
43
Median Age
63%
College-Educated
97%
High-School Grad
24.2 sq mi
ZIP Area
697
Density / Sq Mi
$129,900
Median Household Income
$85,331
Median Earnings
$1,845
Median Rent
$523,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - TC Redevelopment zoning permits residential or mixed commercial and residential use at this Main Street property.
Where is this quadplex located?
The property is located at 5 Main Street Robbinsville, NJ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Four rental units: three one‑bedroom apartments and one studio; 2,748‑square‑foot building on a 0.7025‑acre parcel; TC Redevelopment zoning allows residential or mixed commercial/residential use
