Two-Unit Duplex with Detached
For Sale
$399,900
Pending
5 N Arlington Ave, Berlin, NJ 08009
Two residential units offer flexible occupancy and rental use, with bonus rooms and month-to-month tenancies.
Property Size2,543 SF
Days on Market161
Property Features for 5 N Arlington Ave
General Information
Standard status
Pending
Size
2,543 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,211
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Donald Antonelli · License #2078395
(609) 678-6939
Source:
Exprealty
Added: May 8
Changed: Oct 12
Last Checked: Oct 15 at 1:22AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,543-square-foot duplex contains two apartments, each configured with 2 bedrooms and 1 bath. Both units include a bonus room, while the first floor adds a dining room with basement access and a service porch that may be converted to office space. A detached two-car garage serves the property.
The apartments are occupied under month-to-month leases, providing flexibility for continued rental operation or a future change in occupancy. Located at 5 N Arlington Ave in Berlin, NJ, the property combines two residential units with supporting storage and utility areas in a compact multifamily configuration.
The apartments are occupied under month-to-month leases, providing flexibility for continued rental operation or a future change in occupancy. Located at 5 N Arlington Ave in Berlin, NJ, the property combines two residential units with supporting storage and utility areas in a compact multifamily configuration.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments
- 2,543 SF duplex
- Bonus room in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,921
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,420
$578.4K
Cap Rate 7%
$413,157
$413.2K
Cap Rate 9%
$321,344
$321.3K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$43.6K $17.16/SF
− Vacancy
−$2.3K −$0.91/SF
EGI
$41.3K $16.25/SF
− OpEx
−$12.4K −$4.87/SF
NOI
$28.9K $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 Rate 5%
$578,420
Cap Rate 7%
$413,157
Cap Rate 9%
$321,344
Alternative Uses
Best Use
Multifamily LT 5
$413.2K
$361.5K – $482.0K
NOI $28,921 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$368.9K
$322.8K – $430.4K
NOI $25,826 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$644.8K
$564.2K – $752.3K
NOI $45,135 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Explore this area
Business Placement
Demographics for 08009, NJ
13,885
Population
5,764
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
16.5 sq mi
ZIP Area
842
Density / Sq Mi
$101,964
Median Household Income
$52,767
Median Earnings
$1,392
Median Rent
$291,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible occupancy and rental use, with bonus rooms and month-to-month tenancies.
Where is this duplex located?
The property is located at 5 N Arlington Ave Berlin, NJ.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; 2,543 SF duplex; Bonus room in each apartment
