Duplex with Private
New
For Sale
$325,000
627 OLD DEERFIELD PIKE, Bridgeton, NJ 08302
Two matching two-bedroom apartments have separate utilities, entrances and off-street parking.
Property Size1,484 SF
Price / SF$219
Days on Market6
Property Features for 627 OLD DEERFIELD PIKE
General Information
Standard status
Active
Size
1,484 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
water conditioner
walk-up attic
private deck
large yard
Building Details
Year Built
1820
Buildings
1
Listing Agency:
Barragan Realty LLC
(856) 386-8040
Listed By:
Holly Wulderk-Ariza · License #1222910
(856) 392-5224
Source:
Cummingsrealtors
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 9:01AM
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 Barragan Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two matching two-bedroom apartments, with 1,484 square feet of property size. One unit has been updated, while the second is tenant-ready. Each apartment has its own utilities, private entrance and off-street parking. Interior features include tiled bathrooms, newer vanities and open layouts. A walk-up attic, private upstairs deck and geothermal heating are also part of the property. The septic system dates to 2017, and a water conditioner is installed.
Set on more than an acre, the property includes a large yard. Schools, churches, shopping and public transportation are nearby. The building was constructed in 1820 and is located on a quiet street in Upper Deerfield Township.
Set on more than an acre, the property includes a large yard. Schools, churches, shopping and public transportation are nearby. The building was constructed in 1820 and is located on a quiet street in Upper Deerfield Township.
Key Highlights
- Two matching two‑bedroom apartments, each with separate utilities and a private entrance
- 1,484 square feet of property size
- Over an acre of property with a large yard
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
$19,299
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
5.94%
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%
$385,980
$386.0K
Cap Rate 7%
$275,700
$275.7K
Cap Rate 9%
$214,433
$214.4K
Market Conditions
NOI Build-Up for 1,484 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
$29.4K $19.80/SF
− Vacancy
−$1.8K −$1.22/SF
EGI
$27.6K $18.58/SF
− OpEx
−$8.3K −$5.57/SF
NOI
$19.3K $13.00/SF
Area
Cumberland County, NJ
Vacancy
6.17%
Lease Rate
$19.80 /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%
$385,980
Cap Rate 7%
$275,700
Cap Rate 9%
$214,433
Alternative Uses
Best Use
Multifamily LT 5
$275.7K
$241.2K – $321.7K
NOI $19,299 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$253.8K
$222.1K – $296.1K
NOI $17,766 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,977 @ 7.0% cap · market cap 47.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
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?
Duplex - Two matching two-bedroom apartments have separate utilities, entrances and off-street parking.
Where is this duplex located?
The property is located at 627 OLD DEERFIELD PIKE Bridgeton, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two matching two‑bedroom apartments, each with separate utilities and a private entrance; 1,484 square feet of property size; Over an acre of property with a large yard
