Five-Unit Victorian Apartment
New
For Sale
$500,000
53 HIGH Street, Woodbury, NJ 08096
Multi-Family, WOODBURY, NJ
Property Size2,731 SF
Lot Size0.14 Acres
Price / SF$183.08
Days on Market2
Property Features for 53 HIGH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street, Parking Lot
Subdivision
NONE AVAILABLE
Elementary school district
WOODBURY HEIGHTS SCHOOLS
Middle school district
WOODBURY HEIGHTS SCHOOLS
High school district
WOODBURY HEIGHTS SCHOOLS
Standard status
Active
Size
2,731 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
11000
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Number of units
1
Building materials
Vinyl Siding
Architectural style
Victorian
Listing Agency:
RealtyMark Properties
Listed By:
Patrice Bolden · License #2296269
(856) 322-0200
Added: Sep 2
Last Checked: Sep 3 at 3:06AM
MLS# NJGL2077998
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 Victorian apartment property contains five units across 2,731 square feet, including four one-bedroom apartments and one studio. The building dates to 1900, features vinyl siding and forced-air heating, and includes a basement. Recent improvements include the roof and boiler. Parking is provided through a combination of on-street spaces and a parking lot.
Three apartments are currently vacant, while the sale is offered as-is. The property is within walking distance of public transportation, grocery and convenience stores, restaurants, a hospital, major highways, courts, and county offices. Its Woodbury setting also places it near planned and ongoing public improvements, including Broad Street redevelopment, expanded bicycle and pedestrian paths, park upgrades, and preparation for the Glassboro-Camden Line. Buyer responsibility includes the certificate of occupancy and municipal and lender closing requirements.
Three apartments are currently vacant, while the sale is offered as-is. The property is within walking distance of public transportation, grocery and convenience stores, restaurants, a hospital, major highways, courts, and county offices. Its Woodbury setting also places it near planned and ongoing public improvements, including Broad Street redevelopment, expanded bicycle and pedestrian paths, park upgrades, and preparation for the Glassboro-Camden Line. Buyer responsibility includes the certificate of occupancy and municipal and lender closing requirements.
Key Highlights
- Five‑unit building with four one‑bedroom apartments and one studio
- 2,731 square feet on a 0.14‑acre lot
- Three apartments currently vacant
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
$31,921
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
6.38%
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%
$638,420
$638.4K
Cap Rate 7%
$456,014
$456.0K
Cap Rate 9%
$354,678
$354.7K
Market Conditions
NOI Build-Up for 2,731 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
$61.6K $22.56/SF
− Vacancy
−$3.6K −$1.31/SF
EGI
$58.0K $21.25/SF
− OpEx
−$26.1K −$9.56/SF
NOI
$31.9K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$638,420
Cap Rate 7%
$456,014
Cap Rate 9%
$354,678
Alternative Uses
Best Use
Apartment 5plus
$456.0K
$399.0K – $532.0K
NOI $31,921 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
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?
Apartment building - Four one-bedroom apartments and one studio provide a defined residential unit mix.
Where is this apartment building located?
The property is located at 53 HIGH Street Woodbury, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Five‑unit building with four one‑bedroom apartments and one studio; 2,731 square feet on a 0.14‑acre lot; Three apartments currently vacant
