288 South Ave, Bridgeton, NJ 08302
Local realty services provided by:CENTURY 21 Reilly Realtors
288 South Ave,Bridgeton, NJ 08302
$235,000
- 4 Beds
- - Baths
- 1,920 sq. ft.
- Multi-family
- Active
Listed by: michael depalma
Office: depalma realty
MLS#:NJCB2032798
Source:BRIGHTMLS
Price summary
- Price:$235,000
- Price per sq. ft.:$122.4
About this home
DUPLEX WITH INCOME IN PLACE, A VACANT UNIT, AND VALUE-ADD POTENTIAL! Welcome to 288 South Avenue in Bridgeton, an up-and-down duplex offering two 2-bedroom, 1-bathroom units, separate electric utilities, an oversized lot, abundant off-street parking, and an opportunity for immediate flexibility.
Unit A is currently occupied and generating $15,900 in annual rental income, while Unit B is VACANT and ready for its next use. That combination creates an attractive opportunity for a buyer looking to enter the multifamily market by occupying one unit while collecting rental income from the other—potentially helping offset monthly housing expenses while beginning to build a real estate portfolio.
For an experienced investor, the vacant unit provides the opportunity to immediately prepare and lease the space at current market terms without waiting for an existing lease to expire. Based on estimated market rents, total gross rental income could potentially reach approximately $33,600 annually when both units are leased at projected market rates. At the offered price, projected performance could result in a PRO FORMA CAP RATE EXCEEDING 11%, subject to actual rents, expenses, occupancy, management, maintenance, and other operating costs. Buyers should perform their own due diligence regarding projected rents and investment performance.
The property is also set up with separate electric utilities, including separate electric hot water heaters, helping simplify utility responsibility between the two units.
Outside, the EXTRA-LARGE LOT adds another dimension to the property, with plenty of off-street parking, a storage shed, and substantial additional outdoor space.
Whether you're looking for an opportunity to occupy one unit while generating income from the other or seeking another multifamily property for an established portfolio, 288 South Avenue offers a compelling combination of CURRENT INCOME, VACANCY FLEXIBILITY, AND FUTURE UPSIDE.
Schedule your showing and explore the possibilities!...
Contact an agent
Home facts
- Year built:1900
- Listing ID #:NJCB2032798
- Added:42 day(s) ago
- Updated:October 23, 2026 at 01:40 PM
Rooms and interior
- Bedrooms:4
- Living area:1,920 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1900
- Building area:1,920 sq. ft.
- Lot area:0.25 Acres
- Architectural Style:Colonial
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$235,000
- Price per sq. ft.:$122.4
- Tax amount:$4,307 (2025)
Parking
- Parking description:Off Street
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