Property

Paulsboro, NJ 08066 240 Billings Avenue

240 Billings Avenue Paulsboro, NJ - Image 1240 Billings Avenue Paulsboro, NJ - Image 2
Presented By: Morgan Capital Real Estate
  • MLS# NJGL2068614
  • 01/20/2026
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  • Beds • 7

Home Details

OFFER ACCEPTED! SELLER WILL ACCEPT BACK_UP OFFERS!!! ATTORNEY REVIEW ENDS 04/08/26. INVESTOR SPECIAL!!!!!!! FULLY RENTED TURNKEY TRIPLEX STRONG CASH FLOW LOW TAXES Instant income from day one! This fully rented, renovated triplex is a turnkey investment delivering stable cash flow in a high-demand Paulsboro location. All three units are currently occupied, providing immediate rental income with no vacancy risk. Each unit features updated kitchens and baths, modern flooring, and well-maintained systems, keeping operating costs low and returns strong. Separate utilities add efficiency and maximize net income. With low property taxes and solid rental history, this asset is ideal for investors seeking predictable cash flow and long-term appreciation. Strong tenant demand in the area supports consistent occupancy and future rent growth. Conveniently located near major roadways, shopping, and everyday amenities, making it attractive to tenants and easy to manage. Immediate income no lease-up needed. All units occupied. Renovated & well maintained. Low taxes boost returns. This is the kind of property investors wait for. Schedule your showing today and secure a cash-flowing asset before its gone. RENTS: Unit 1 - $1640 Lease expires on 04/30/26, Unit 2 $1525 Lease Expires 06/30/26, Unit 3 - $1550. Lease Expires 08/31/26. Based on the rental comps in the area, each unit has room for rent increase at the renewal of the lease. All tenants would like to stay if possible.
Presented By: Morgan Capital Real Estate

Interior Features for 240 Billings Avenue

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 240 Billings Avenue

Accessibility2+ Access Exits
Architectural StyleTraditional
Association Recreation FeeN
CityPAULSBORO
Construction MaterialsFrame
Contingency TypeAttorney Review
Cool FuelNone
CoolingWall Unit
CountyGLOUCESTER
DirectionsGPS
Garage Y/NNo
HeatingBaseboard - Electric
Lease TypeYearly
Living Area2488
Lot Size Square Feet6752.00
Lot Size UnitsSquare Feet
MLS AreaPaulsboro Boro (20814)
MunicipalityPAULSBORO BORO
New ConstructionNo
Number Of Units Total1
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG166.76
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictPAULSBORO PUBLIC SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeDetached
Tax Annual Amount8494.0
Tax Assessed Value175000.0
Tax Lot00011
Tax Year2025
Total Actual Rent56580.00
Total SQFT2488
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningTRIPLEX

Exterior for 240 Billings Avenue

Foundation DetailsConcrete Perimeter
Land Assessed Value28900.00
Land Use Code
Lot Dimensions50.00 x 135.00
Lot Size Acres0.16
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingDriveway, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $414,900
MLS#NJGL2068614
List Date 01/20/2026
Property Type Contingent
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