Tenant-Occupied Triplex with
New
For Sale
$349,777
6 GERBER Lane, Eastampton, NJ 08060
Multi-Family, EASTAMPTON, NJ
Property Size2,033 SF
Lot Size0.82 Acres
Price / SF$172.05
Days on Market2
Property Features for 6 GERBER Lane
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
Driveway
Subdivision
NONE AVA ILABLE
Elementary school district
EASTAMPTON TOWNSHIP PUBLIC SCHOOLS
Middle school district
EASTAMPTON TOWNSHIP PUBLIC SCHOOLS
High school district
EASTAMPTON TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Size
2,033 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Annual Amount
6714
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1940
Number of units
3
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Austin Cennimo · License #2184680
(609) 372-6863
Added: Sep 9
Last Checked: Sep 10 at 11:06PM
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 consists of three separate one-story frame homes totaling 2,033 square feet on 0.82 acres. The unit mix includes two one-bedroom, one-bath residences and one two-bedroom, one-bath residence. All three homes are occupied, with existing leases extending through 2027. Built in 1940, the property features public water and sewer, electric baseboard heat, window-unit cooling, and driveway parking.
Capital improvements include sewer lines serving all three dwellings completed in 2025, windows replaced throughout from 2023 through 2025, and a new roof at 3 Gerber completed in 2024. A transferable lead-free interior certificate was issued in 2025. The homes sit along a private lane beside the Rancocas Creek in Eastampton. The sale is strictly as-is with tenants in place, and the buyer is responsible for the certificate of occupancy.
Capital improvements include sewer lines serving all three dwellings completed in 2025, windows replaced throughout from 2023 through 2025, and a new roof at 3 Gerber completed in 2024. A transferable lead-free interior certificate was issued in 2025. The homes sit along a private lane beside the Rancocas Creek in Eastampton. The sale is strictly as-is with tenants in place, and the buyer is responsible for the certificate of occupancy.
Key Highlights
- Three separate homes totaling 2,033 square feet on a 0.82‑acre lot
- Unit mix includes two 1‑bedroom/1‑bath homes and one 2‑bedroom/1‑bath home
- Tenant occupancy with leases in place through 2027
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
NOI $29,134 @ 7.0% cap · market cap 8.33%
Second Best
Apartment 5plus
$380.4K
$332.9K – $443.8K
NOI $26,628 @ 7.0% cap · market cap 7.61%
Theoretical Best
Warehouse
$4.25M
$3.72M – $4.96M
NOI $297,639 @ 7.0% cap · market cap 85.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
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
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?
Triplex - Three one-story homes share a private-lane setting with leases in place through 2027.
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 separate homes totaling 2,033 square feet on a 0.82‑acre lot; Unit mix includes two 1‑bedroom/1‑bath homes and one 2‑bedroom/1‑bath home; Tenant occupancy with leases in place through 2027
