1,924 SqFt
1,924 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1,924 sqft
Price per Sqft $408
Subdivision None Available
MLS Listing ID NJSA2019404
Style Other
Abv Grd Liv Area 1,924
Year Built 1930
Annual Tax Amount $19,241
Tax Year 2025
Property Sub-Type Other
Source BRIGHT
Property Description
Don't miss this outstanding investment opportunity in Mannington, New Jersey. This well-maintained 7-unit multi-family property has delivered 100% occupancy from 2022 through 2026, providing consistent rental income and long-term stability.
Property Highlights
7 Total Residential Units
1 Four-Bedroom Unit
2 Three-Bedroom Units
4 Two-Bedroom Units
Annual Gross Rental Income: $87,600
100% Occupancy (2022–2026)
Next Scheduled Rent Increase: August 2026
Parking & Storage
Parking for 8+ vehicles with off-street parking and driveway
Oversized 4+ car garage, offering additional storage, tenant amenities, or future income potential
Investment Potential
This fully occupied asset offers immediate cash flow with an upcoming rent increase already scheduled. The diverse unit mix appeals to a wide range of tenants, while the abundant parking and oversized garage add value rarely found in comparable multi-family properties.
Whether you're expanding your portfolio or seeking a stable income-producing property, this Mannington investment is an excellent opportunity.
Contact us today for additional financial information or to schedule a private tour.
Location
State NJ
County Salem
Area Mannington Twp (21706)
Zoning GC
Rooms
Basement Full
Interior
Hot Water Oil
Heating Forced Air, Radiator
Cooling Wall Unit
Fireplace N
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Above Ground Finished SqFt 1924
Sewer On Site Septic
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 06-00060-00008
Ownership Fee Simple
SqFt Source 1924
Special Listing Condition Standard
Virtual Tour https://youtu.be/hlsoh8uhLI8
Nearby Locations
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