Building Details

Buildings 1

Listing Agency: Keller Williams Realty - Atlantic Shore Show Phone

Listed By: Daniel Torres · License #1539492 Show Phone

Source: 360

Added: Aug 26 Changed: Aug 28 Last Checked: Sep 2 at 2:18AM

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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 Keller Williams Realty - Atlantic Shore

Investment Insights

Based on property information with market context.

This recently renovated duplex contains 2,250 square feet arranged as two residences. Each unit provides three bedrooms and one-and-a-half bathrooms, with separate gas and electric utilities for each side. One residence is prepared for an owner-occupant or incoming tenant, while the other is occupied under a month-to-month tenancy.

The property occupies a corner lot at 518-522 Repauno Ave in Gibbstown, New Jersey. Exterior features include a large backyard and ample on-site parking. Its location offers a short commute to Philadelphia, adding practical access for residents who work in or near the city.

Key Highlights

• Two‑unit duplex with 2,250 square feet
• Each side includes 3 bedrooms and 1.5 bathrooms
• Separate gas and electric utilities for each residence

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

$29,261

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

6.50%

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%

$585,220 $585.2K

Cap Rate 7%

$418,014 $418.0K

Cap Rate 9%

$325,122 $325.1K

Market Conditions

NOI Build-Up for 2,250 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

$44.6K $19.80/SF

− Vacancy

−$2.7K −$1.22/SF

EGI

$41.8K $18.58/SF

− OpEx

−$12.5K −$5.57/SF

NOI

$29.3K $13.00/SF

Area

Cumberland County, NJ

Vacancy

6.17%

Lease Rate

$19.80 /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%

$585,220

Cap Rate 7%

$418,014

Cap Rate 9%

$325,122

Alternative Uses

Best Use

Multifamily LT 5

$418.0K

$365.8K – $487.7K (±1% cap)

NOI $29,261 @ 7.0% cap · market cap 6.50%

Second Best

Apartment 5plus

$384.8K

$336.7K – $448.9K (±1% cap)

NOI $26,936 @ 7.0% cap · market cap 5.99%

Theoretical Best

Office A

$3.38M

$2.96M – $3.94M (±1% cap)

NOI $236,488 @ 7.0% cap · market cap 52.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Restaurant Spa & Massage Center Electrical Service Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

121

Businesses Nearby

Explore this area Business Placement

Demographics for 08027, NJ

4,893

Population

2,010

Households

2.4

Avg Household Size

44

Median Age

28%

College-Educated

91%

High-School Grad

7.5 sq mi

ZIP Area

652

Density / Sq Mi

$90,508

Median Household Income

$56,304

Median Earnings

$1,295

Median Rent

$230,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two matching residences offer three bedrooms, one-and-a-half baths, individual utilities, and access to a shared backyard and parking.

Where is this duplex located?

The property is located at 518-522 REPAUNO AVE Gibbstown, NJ.

What is the asking price?

The asking price for this property is $449,900.

What are key features of this property?

This property features: Two‑unit duplex with 2,250 square feet; Each side includes 3 bedrooms and 1.5 bathrooms; Separate gas and electric utilities for each residence