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 Market116
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
(609) 678-6939
Listed By:
Donald Antonelli
(609) 678-6939
Source:
Exprealty
Added: May 8
Changed: Aug 29
Last Checked: Aug 30 at 6:43PM
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
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 = 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
$28,921
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
7.23%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 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
