Single-Level Two-Unit
For Sale
$225,000
643 FORDVILLE ROAD, Bridgeton, NJ 08302
Two residential units offer three-bedroom layouts with kitchens, living rooms, and one full bath per unit.
Property Size1,560 SF
Price / SF$144.23
Days on Market65
Property Features for 643 FORDVILLE ROAD
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1946
Stories
1
Construction
ranch-style
Listing Agency:
Innovate Realty
(856) 722-9000
Listed By:
Kelly Sturdivant
(856) 362-3633
Source:
Cummingsrealtors
Added: Aug 3
Changed: Oct 6
Last Checked: Oct 5 at 6:57PM
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 Innovate Realty
Investment Insights
Based on property information with market context.
Built in 1946, this 1,560-square-foot duplex contains two single-level residential units. Each unit is arranged with three bedrooms, one full bath, a kitchen, and a living room, creating a straightforward layout for occupancy or customization. The property also includes adjoining land totaling .26 acres, identified as Block 17, Lot 19.08. Located at 643 Fordville Road in Bridgeton, New Jersey, the offering combines an existing two-unit structure with additional land included in the sale.
Key Highlights
- Two‑unit duplex with 1,560 SF of building area
- Each unit includes 3 bedrooms, 1 full bath, a kitchen, and a living room
- Single‑level ranch‑style layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,288
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,760
$405.8K
Cap Rate 7%
$289,829
$289.8K
Cap Rate 9%
$225,422
$225.4K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$30.9K $19.80/SF
− Vacancy
−$1.9K −$1.22/SF
EGI
$29.0K $18.58/SF
− OpEx
−$8.7K −$5.57/SF
NOI
$20.3K $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 Rate 5%
$405,760
Cap Rate 7%
$289,829
Cap Rate 9%
$225,422
Alternative Uses
Best Use
Multifamily LT 5
$289.8K
$253.6K – $338.1K
NOI $20,288 @ 7.0% cap · market cap 9.02%
Second Best
Apartment 5plus
$266.8K
$233.5K – $311.3K
NOI $18,676 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,965 @ 7.0% cap · market cap 72.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
28
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer three-bedroom layouts with kitchens, living rooms, and one full bath per unit.
Where is this duplex located?
The property is located at 643 FORDVILLE ROAD Bridgeton, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,560 SF of building area; Each unit includes 3 bedrooms, 1 full bath, a kitchen, and a living room; Single‑level ranch‑style layout
