Fully Occupied
New
For Sale
$759,900
619 COOPER Street, Beverly, NJ 08010
Multi-Family, BEVERLY, NJ
Property Size2,692 SF
Lot Size0.30 Acres
Price / SF$282.28
Days on Market1
Property Features for 619 COOPER Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Parking features
Driveway
Elementary school district
BEVERLY CITY
Middle school district
BEVERLY CITY
High school district
BEVERLY CITY
Standard status
Active
Size
2,692 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
9322
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1910
Number of units
1
Building materials
Frame
Listing Agency:
RE/MAX Of Cherry Hill · RE/MAX International
(856) 424-4040
Listed By:
Bayram Kose · License #999030
(856) 246-7408
Added: Sep 4
Last Checked: Sep 4 at 8:06PM
MLS# NJBL2120070
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.
Located at 619 Cooper Street in Beverly, New Jersey, this 2,692-square-foot quadplex contains four occupied residential units. Each unit is leased on a month-to-month basis, providing an existing rental configuration within a single multifamily property. The frame construction dates to 1910, and the home includes a basement, driveway parking, central air conditioning, and forced-air heating.
The property occupies 0.2993 acres in Burlington County. Its four-unit layout, current occupancy, and established building systems create a straightforward multifamily asset with residential income already in place.
The property occupies 0.2993 acres in Burlington County. Its four-unit layout, current occupancy, and established building systems create a straightforward multifamily asset with residential income already in place.
Key Highlights
- Four occupied units, each leased month‑to‑month
- 2,692 square feet of building area
- 0.2993‑acre lot in Beverly, NJ
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
$38,578
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
5.08%
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%
$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
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
$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 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%
$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 5.08%
Second Best
Apartment 5plus
$503.7K
$440.7K – $587.7K
NOI $35,259 @ 7.0% cap · market cap 4.64%
Theoretical Best
Warehouse
$5.63M
$4.93M – $6.57M
NOI $394,119 @ 7.0% cap · market cap 51.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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?
Quadplex - Four leased units occupy a frame residence with central air, forced-air heat, and driveway parking.
Where is this quadplex located?
The property is located at 619 COOPER Street Beverly, NJ.
What is the asking price?
The asking price for this property is $759,900.
What are key features of this property?
This property features: Four occupied units, each leased month‑to‑month; 2,692 square feet of building area; 0.2993‑acre lot in Beverly, NJ
