Building Details

Year built 1940

Number of units 3

Listing Agency: Keller Williams Realty - Moorestown g***@kw.com Show Phone

Listed By: Austin Cennimo · License #2184680 Show Phone

Added: Sep 9 Changed: Sep 12 Last Checked: Sep 12 at 5:06PM

Report an Issue

MLS# NJBL2120346

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 triplex comprises three individual one-story frame homes on one 0.82-acre lot, totaling 2033 square feet. The unit mix includes two 1-bedroom/1-bath residences and one 2-bedroom/1-bath residence. All three homes are occupied under leases extending through 2027. Tenants pay electric, water, and heat under the leases, while the landlord handles sewer, trash, and snow plowing of the road.

Recent improvements include sewer line replacements serving all three homes in 2025, windows installed throughout from 2023-2025, and a new roof at 3 Gerber in 2024. The property has public water and sewer, electric baseboard heat, window unit cooling, and driveway parking. A transferable lead-free interior certificate was issued in 2025. The homes are situated on a private lane along the Rancocas Creek and are being sold as-is with tenants in place. The buyer is responsible for the certificate of occupancy.

Key Highlights

• Three individual homes on one 0.82‑acre lot
• Two 1‑bedroom/1‑bath homes and one 2‑bedroom/1‑bath home
• Leases in place through 2027 with all three homes tenant‑occupied

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

$29,134

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

8.33%

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%

$582,680 $582.7K

Cap Rate 7%

$416,200 $416.2K

Cap Rate 9%

$323,711 $323.7K

Market Conditions

NOI Build-Up for 2,033 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

$43.9K $21.60/SF

− Vacancy

−$2.3K −$1.13/SF

EGI

$41.6K $20.47/SF

− OpEx

−$12.5K −$6.14/SF

NOI

$29.1K $14.33/SF

Area

Burlington County, NJ

Vacancy

5.22%

Lease Rate

$21.60 /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%

$582,680

Cap Rate 7%

$416,200

Cap Rate 9%

$323,711

Alternative Uses

Best Use

Multifamily LT 5

$416.2K

$364.2K – $485.6K (±1% cap)

NOI $29,134 @ 7.0% cap · market cap 8.33%

Second Best

Apartment 5plus

$380.4K

$332.9K – $443.8K (±1% cap)

NOI $26,628 @ 7.0% cap · market cap 7.61%

Theoretical Best

Warehouse

$4.25M

$3.72M – $4.96M (±1% cap)

NOI $297,639 @ 7.0% cap · market cap 85.09%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Restaurant Building Supply Spa & Massage Center

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

3

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Explore this area Business Placement

Demographics for 08060, NJ

25,426

Population

10,198

Households

2.5

Avg Household Size

38

Median Age

38%

College-Educated

96%

High-School Grad

21.6 sq mi

ZIP Area

1,177

Density / Sq Mi

$107,165

Median Household Income

$59,035

Median Earnings

$1,619

Median Rent

$292,000

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Similar For Sale Nearby

Mixed-Use Property with Restaurant

1302 Monmouth Road, Eastampton, NJ 08060

$2,400,000

24,829 SF

View details

Private Farm Oasis with Creek

18 Paducah Rd, Eastampton, NJ 08060

$700,000

9.70 Acres

View details

Frequently Asked Questions

What type of property is this?

Triplex - Three one-story homes provide a two-bedroom and two one-bedroom unit mix with public water and sewer.

Where is this triplex located?

The property is located at 6 GERBER Lane Eastampton, NJ.

What is the asking price?

The asking price for this property is $349,777.

What are key features of this property?

This property features: Three individual homes on one 0.82‑acre lot; Two 1‑bedroom/1‑bath homes and one 2‑bedroom/1‑bath home; Leases in place through 2027 with all three homes tenant‑occupied