402 BILLINGSPORT Paulsboro, NJ 08066
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,684 sqft
Price per Sqft $126
Subdivision None Available
MLS Listing ID NJGL2078384
Style Other
Abv Grd Liv Area 2,684
Year Built 1900
Available Date 2026-09-16
Annual Tax Amount $7,601
Tax Year 2025
Lot Size 0.462 Acres
Acres 0.46
Lot Dimensions 66x305
Property Sub-Type Detached
Source BRIGHT
Property Description
Unit A is located at the front of the property and features 1 bedroom and 1 full bathroom. Unit B is located at the rear and offers 2 bedrooms and 1 full bathroom. Unit C is positioned in the middle and features 3 bedrooms, 1 full bathroom, plus staircase access to the attic.
All three units are currently rented and producing a combined gross annual rental income of approximately $46,164.
Utilities are separately metered for each unit. The landlord currently pays water and sewer, which total approximately $450 per quarter.
Based on the projected sale price of $339,999, current rents, and known operating expenses, the property reflects an approximate 10.2% cap rate. Cap rate is an estimate and does not include vacancy, maintenance, repairs, management, or other potential operating expenses.
The property also features a large rear lot that may offer future subdivision or development potential. Buyer is responsible for completing all due diligence with the municipality regarding zoning, subdivision, approvals, and permitted use.
With three occupied units, strong rental income, separate utilities, and additional land potential, this property presents an excellent opportunity for an investor looking to add a high-performing multifamily asset to their portfolio. Schedule your showing today!
Location
State NJ
County Gloucester
Area Paulsboro Boro (20814)
Zoning R
Rooms
Basement Combination, Other
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit
Exterior
Garage Spaces 3.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 3
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 2684
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
Middle Schools Paulsboro High School
High Schools Paulsboro
School District Paulsboro Borough
Others
Tax ID 14-00052-00013
Ownership Fee Simple
SqFt Source 2684
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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