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WESTVILLE, NJ 08093

Commercial · 4,800 Sq. ft. | 0.19 Acres
$995,000 ACTIVE

Overview

Time on Site:
46 days
Visits:
1

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 investor's 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.

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Facts & Features

  • Type Commercial
  • Sq. ft. 4,800
  • Price/Sq.ft. $207
  • Lot 0.19 Acres

Details

General

Income/Expenses

  • Gross Income: 132394.00
  • Gross Scheduled Income: 132394.00
  • Net Operating Income: 70230.00
  • Operating Expense Includes: Insurance,Management Fees,Repair/Maintenance,Snow Removal

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1950

Business Information

  • Business Type: Apartment Building

Location/Region

  • Country: US
  • County: GLOUCESTER
  • County Or Parish: GLOUCESTER
  • MLS Area Major: Westville Boro (20821)

Parking Information

  • Total Parking Spaces: 10
  • Type of Parking: Parking Lot

Tax Information

  • Tax Annual Amount: $20,876.00
  • Tax Assessed Value: 368000.00
  • Tax Year: 2025

General Information

  • Property Sub Type: Five Or More Units
  • Property Type: Commercial Sale
  • School District Name: GATEWAY REGIONAL SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Zoning: R

Unit Information

  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1,Unit 1

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 4800.00
  • Central Air: No
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Basement: Yes
  • Cooling: None
  • Entry Level: 1

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Size Acres: 0.19
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 8276.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 8
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Unit 2 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Unit 3 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Unit 4 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Unit 5 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Unit 6 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Unit 7 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Unit 8 Details

  • Unit Type: Unit 1
  • Total Rent: 1318.00
  • Beds Total: 1

Neighborhood

Community

08093 (WESTVILLE) Demographics

41
Median Age
1,619
Population Density (per sq. mile)
25%
College Educated
$59,328
Estimated Median Income
2,348
Estimated Total Home Owners
1,405
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Market Data

Based on the last 30 days in this zip code

$295,053
Average List Price
$216
Average Price per Square Foot
9
Properties Sold
116
Average Days on Market
34
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
5/14/2026Source: BRIGHT MLS Added to Database
May 14, 2026
Listing provided courtesy of RE/MAX ONE Realty- MLS# NJGL2072446MLS ProviderContact Information: [email protected] - 8567228090