305 S 2nd St, Millville, NJ 08332
Local realty services provided by:CENTURY 21 Reilly Realtors
305 S 2nd St,Millville, NJ 08332
$280,000
- 5 Beds
- - Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: michael depalma
Office: depalma realty
MLS#:NJCB2031048
Source:BRIGHTMLS
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Price summary
- Price:$280,000
About this home
TURNKEY CASHFLOWING TRIPLEX! This 3-unit property has two 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. The two bedroom units are currently occupied while the 3rd is vacant. With just the two leased, the rent roll is $2,535.00 per month, and current 1 bedroom rents in Millville average an asking price of $1,100.00 or more. With all three leased, an investor would expect gross rents of $43,620.00 annually, making this a very strong investment in a good location within a great rental market overall. Both currently leased units are month-to-month. All units have their own electric and gas meters for easy utility management. In addition, the current lease includes a monthly water/sewer fee that generally covers the cost, leaving the landlord responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. This property is priced to move quickly to qualified buyers. If you've been looking for a strong and stable multi-family property to start, add to, or diversify your investment portfolio, this is a strong option. Take a look today!...
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Home facts
- Year built:1917
- Listing ID #:NJCB2031048
- Added:86 day(s) ago
- Updated:September 07, 2026 at 06:04 AM
Rooms and interior
- Bedrooms:5
Heating and cooling
- Heating:Baseboard - Hot Water, Natural Gas
Structure and exterior
- Year built:1917
- Architectural Style:Federal
- Construction Materials:Frame
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$280,000
- Tax amount:$3,443 (2025)
Parking
- Parking description:Off Street
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