4-Unit
For Sale
$739,900
619 Cooper St, Beverly, NJ 08010
Each residence is occupied under a month-to-month lease.
Property Size2,692 SF
Price / SF$274.85
Days on Market10
Property Features for 619 Cooper St
General Information
Standard status
Active
Size
2,692 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
4
Building Details
Year Built
1910
Listing Agency:
RE/MAX Of Cherry Hill
Listed By:
Bayram Kose · License #999030
(856) 246-7408
Source:
Soldbypattie
Added: Oct 1
Last Checked: Oct 7 at 4:30PM
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 RE/MAX Of Cherry Hill
Investment Insights
Based on property information with market context.
This 2,692-square-foot quadplex contains four occupied residences, each leased on a month-to-month basis. The building dates to 1910 and is located at 619 Cooper Street in Beverly, New Jersey.
Key Highlights
- Four occupied residential units
- All units are leased month to month
- 2,692 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,578
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,560
$771.6K
Cap Rate 7%
$551,114
$551.1K
Cap Rate 9%
$428,644
$428.6K
Market Conditions
NOI Build-Up for 2,692 SF
Gross rent
$58.1K $21.60/SF
− Vacancy
−$3.0K −$1.13/SF
EGI
$55.1K $20.47/SF
− OpEx
−$16.5K −$6.14/SF
NOI
$38.6K $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 Rate 5%
$771,560
Cap Rate 7%
$551,114
Cap Rate 9%
$428,644
Alternative Uses
Best Use
Multifamily LT 5
$551.1K
$482.2K – $643.0K
NOI $38,578 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$503.7K
$440.7K – $587.7K
NOI $35,259 @ 7.0% cap · market cap 4.77%
Theoretical Best
Warehouse
$5.63M
$4.93M – $6.57M
NOI $394,119 @ 7.0% cap · market cap 53.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 08010, NJ
11,555
Population
4,995
Households
2.3
Avg Household Size
41
Median Age
30%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
3,210
Density / Sq Mi
$85,285
Median Household Income
$48,077
Median Earnings
$1,472
Median Rent
$227,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence is occupied under a month-to-month lease.
Where is this quadplex located?
The property is located at 619 Cooper St Beverly, NJ.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Four occupied residential units; All units are leased month to month; 2,692 square feet
