Property

Westville, NJ 08093

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Presented By: RE/MAX ONE Realty
  • MLS# NJGL2072446
  • 05/14/2026
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  • SQFT • 5,000

Home Details

Turn-Key 8-Unit Investment Opportunity in Westville. Exceptional opportunity to acquire a well-maintained, turn-key 8-unit multifamily property in a prime location in Westville. This attractive asset offers strong in-place cash flow with a current gross annual income of $132,394 and an impressive 8% cap rate, making it an ideal addition to any investors portfolio. The property has been well cared for and presents beautifully, offering tenants a desirable living environment in a convenient location close to major highways, shopping, dining, and public transportation. With stable occupancy and solid existing income, this is a true plug-and-play investment. In addition to the strong current returns, the property offers significant value-add potential through future rent increases and operational efficiencies, including the opportunity to implement utility bill-backs such as water reimbursement to further enhance NOI and overall asset value. Whether you are a seasoned investor or looking to expand your multifamily portfolio, this is a rare chance to own a high-performing asset in a strong rental market with upside potential still remaining.
Presented By: RE/MAX ONE Realty

Interior Features for

Other Interior Features

Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

Other Rooms

Entry Level1

General for

AccessibilityNone
Business TypeApartment Building
Cap Rate8.05
CityWESTVILLE
Construction MaterialsBrick
Cool FuelElectric
CoolingNone
CountyGLOUCESTER
Directions6 Burr
Gross Income132394.00
Heating90% Forced Air
Lot Size Square Feet8276.00
Lot Size UnitsSquare Feet
MLS AreaWestville Boro (20821)
MunicipalityWESTVILLE BORO
Net Operating Income70230.00
New ConstructionNo
Number Of Units Total8
OwnerPaysWater
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG207.29
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount20876.0
Tax Assessed Value368000.0
Tax Lot00013 01
Tax Year2025
Total Actual Rent126571.00
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1950
Year Built SourceEstimated
ZoningR

Exterior for

Building Area Total4800.00
Car Parking Spaces10
Land Assessed Value39200.00
Lot Size Acres0.19
Lot Size SourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces10
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $995,000
MLS#NJGL2072446
List Date 05/14/2026
Property Type Commercial
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