I don't have this model personally but according to the manual page 18 the answer is yes..
"To save you the cost of adding IP addresses per
computer in your house, your Belkin Router uses Network
Address Translation (NAT) technology, allowing you to
share a single IP address across your network."
yes it is and avery good one
answered on 20 Jan 2014
Sorry I don't know.I got N450, but I presume it must be better than mine.