Wallington, NJ High Cap Rate Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Wallington, New Jersey Market population: 11K. Explore income-producing properties with verified cap rates and...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Wallington NJ Properties: 3.2000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Wallington NJ
Common questions from investors exploring commercial real estate in Wallington NJ.
What's the overall investment potential of Wallington, NJ?
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With a median household income of $52,451, a relatively low poverty rate of 10.6%, and a high health insurance coverage rate of 83.6%, Wallington, NJ presents a stable investment market, especially considering its diverse population with top ethnicities including White, White Non-Hispanic, and Hispanic, and a strong presence of industries like Information, Public Administration, and Construction.
How does the commute time and method impact rental demand in Wallington, NJ?
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The average commute time of 26.6 minutes, coupled with a preference for driving alone, public transit, and carpooling, suggests a well-connected area that can attract renters who value convenience and accessibility, potentially supporting a stable rental market, especially given the area's median property value of $389,800 and a homeownership rate of 39.8%.
What role does ethnic diversity and industry presence play in the local real estate market?
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The ethnic diversity, with White, White Non-Hispanic, and Hispanic populations, alongside a strong presence of industries such as Information, Public Administration, and Construction, indicates a dynamic market with varied demand, which can be beneficial for real estate investors looking to cater to different demographic and professional groups, especially in an area with a significant foreign-born rate of 34.6%.
How do poverty rates and health insurance coverage affect the quality of tenants in Wallington, NJ?
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The combination of a 10.6% poverty rate and an 83.6% health insurance coverage rate suggests a working-class market with a degree of employment stability and access to healthcare, which can contribute to a more reliable tenant base, considering the median age of 39.0 and a high educational attainment rate, with 84.2% having a high school or higher education.
What are the implications of the GINI coefficient and median property taxes for real estate investment in Wallington, NJ?
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A GINI coefficient of 0.422 indicates a moderate level of income inequality, which, combined with median property taxes of $1,833, suggests that investors should consider both the potential for rental income and the costs associated with property ownership, including taxes, in an area with a median property value of $389,800 and an employed population of 5,786, to ensure a viable investment strategy.
Wallington NJ Real Estate & City Facts
Key facts and real estate information about Wallington NJ.
What are some of the best neighborhoods to live in Wallington?
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Some of the best neighborhoods to live in Wallington, NJ, include the west parts of the city and the Samuel Nelkin County Park neighborhood, which is a quiet, family-friendly area with dog-friendly spaces and walking trails. However, it's worth noting that Wallington borders Passaic, which has a higher crime rate, and most of Wallington is also in a flood zone since it is right on the river.
What are some fun things to do in Wallington?
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There are several fun things to do in Wallington, NJ, including visiting the Bowlero, taking a tour with Panorama Tours, Inc., and playing games at SIM 1 Racing. You can also attend events and activities in the city, such as those listed on Eventbrite. Additionally, Wallington has several parks and outdoor spaces, including Samuel Nelkin County Park, which offers dog-friendly areas and walking trails.
What is the food scene like in Wallington?
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The food scene in Wallington, NJ, is diverse and offers a range of options, including Italian, Lebanese, and Polish cuisine. Some popular restaurants in the city include Vesta Wood-Fired, Song E Napule, and Tatra Haus Restaurant. There are also plenty of great food trucks and outdoor dining options available in the city.
What are the pros and cons of living in Wallington?
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The pros of living in Wallington, NJ, include its quiet, family-friendly neighborhoods, dog-friendly parks, and diverse food scene. However, some cons include the city's proximity to Passaic, which has a higher crime rate, and the fact that most of Wallington is in a flood zone. Additionally, the city has a relatively high poverty rate and income inequality.
Is Wallington a good place to live?
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Whether or not Wallington, NJ, is a good place to live depends on your individual preferences and priorities. If you're looking for a quiet, family-friendly neighborhood with a diverse food scene and plenty of outdoor spaces, Wallington may be a good fit. However, if you're concerned about crime rates or flood zones, you may want to consider other options. Overall, Wallington has its pros and cons, but it can be a great place to live for those who value its unique characteristics.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Wallington NJ Commercial Property: $52,451
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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