Four-Unit Apartment
New
For Sale
$995,000
5 MAIN Street, Robbinsville, NJ 08691
Multi-Family, ROBBINSVILLE, NJ
Property Size2,748 SF
Lot Size0.70 Acres
Price / SF$362.08
Days on Market1
Property Features for 5 MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
Parking Lot
Subdivision
TOWN CENTER
Elementary school district
ROBBINSVILLE TWP
Middle school district
ROBBINSVILLE TWP
High school district
ROBBINSVILLE TWP
Standard status
Active
Size
2,748 SF
Lot size
0.70 Acres
Taxes and HOA fees
Tax Annual Amount
11682
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1920
Number of units
4
Building materials
Frame
Architectural style
Other
Listing Agency:
Realty Mark Central, LLC
(609) 716-8400
Listed By:
Rajeshkumar Patel · License #1859604
(631) 415-8540
Added: Sep 8
Last Checked: Sep 8 at 6:06PM
MLS# NJME2082586
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 four-unit apartment building contains three one-bedroom apartments and one studio within a 2,748-square-foot frame structure built in 1920. The property includes a basement, electric baseboard heating, window-unit cooling, and a dedicated parking lot. It is being offered as-is with the existing rental configuration in place.
The 0.7025-acre parcel is located on Main Street in Robbinsville and carries TC Redevelopment zoning. That designation supports residential use or mixed-use commercial and residential redevelopment, providing an alternative to maintaining the current apartment layout. The property is in Robbinsville, NJ 08691.
The 0.7025-acre parcel is located on Main Street in Robbinsville and carries TC Redevelopment zoning. That designation supports residential use or mixed-use commercial and residential redevelopment, providing an alternative to maintaining the current apartment layout. The property is in Robbinsville, NJ 08691.
Key Highlights
- Four‑unit building with three one‑bedroom apartments and one studio
- 2,748‑square‑foot frame building constructed in 1920
- 0.7025‑acre parcel on Main Street in Robbinsville
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
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
752
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
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?
Quadplex - Frame construction with three one-bedroom units, a studio, parking, and TC Redevelopment zoning supporting residential or mixed-use possibilities.
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‑unit building with three one‑bedroom apartments and one studio; 2,748‑square‑foot frame building constructed in 1920; 0.7025‑acre parcel on Main Street in Robbinsville
