Six-Unit Multifamily
For Sale
$925,000
Pending
56 LINWOOD AVENUE, Williamstown, NJ 08094
Fully occupied apartment property with separately metered utilities, garages, storage, and coin-operated laundry.
Property Size5,100 SF
Days on Market50
Property Features for 56 LINWOOD AVENUE
General Information
Standard status
Pending
Size
5,100 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Cap Rate
8%
Amenities
coin-operated laundry
garage/storage building
Building Details
Year Built
1960
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Tracy Harron
(610) 745-6638
Source:
Cummingsrealtors
Added: Jul 28
Changed: Sep 14
Last Checked: Sep 15 at 5:20AM
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
Investment Insights
Based on property information with market context.
56 Linwood Avenue is a six-unit multifamily property with a total property size of 5,100 square feet. Each apartment includes two bedrooms and one bathroom, with separately metered gas and electric service. The property was built in 1960 and is 100% occupied.
Over the past five years, the property has undergone unit renovations and significant capital improvements, including a new and replacement front concrete walkway. A separate six-bay garage and storage building provides additional tenant convenience, while coin-operated laundry offers supplemental revenue. The property is located on a quiet, tree-lined street in Monroe Township, with access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
Over the past five years, the property has undergone unit renovations and significant capital improvements, including a new and replacement front concrete walkway. A separate six-bay garage and storage building provides additional tenant convenience, while coin-operated laundry offers supplemental revenue. The property is located on a quiet, tree-lined street in Monroe Township, with access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
Key Highlights
- Six‑unit multifamily property totaling 5,100 square feet
- Each unit offers 2 beds/1 bath with separately metered gas/electric
- 100% occupied with an 8.0% in‑place cap rate
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
$78,428
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
8.48%
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%
$1,568,560
$1.6M
Cap Rate 7%
$1,120,400
$1.1M
Cap Rate 9%
$871,422
$871.4K
Market Conditions
NOI Build-Up for 5,100 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
$153.0K $30.00/SF
− Vacancy
−$10.4K −$2.04/SF
EGI
$142.6K $27.96/SF
− OpEx
−$64.2K −$12.58/SF
NOI
$78.4K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /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%
$1,568,560
Cap Rate 7%
$1,120,400
Cap Rate 9%
$871,422
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$980.4K – $1.31M
NOI $78,428 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,220 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with separately metered utilities, garages, storage, and coin-operated laundry.
Where is this apartment building located?
The property is located at 56 LINWOOD AVENUE Williamstown, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Six‑unit multifamily property totaling 5,100 square feet; Each unit offers 2 beds/1 bath with separately metered gas/electric; 100% occupied with an 8.0% in‑place cap rate
