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For sale
  • Price cut: $10K (6/12)
    $125,000

    123 W Foundry St, Millville, NJ 08332

    3beds
    1,128sqft
    : 
    Single Family Residence
    Built in 1912
    3,100 Square Feet Lot
    $-- Zestimate®
    $111/sqft
    $-- HOA

    What's special

    Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!
    24 days
    on Zillow
    |
    910
    |
    76
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 11, 2025 at 03:05pm

    Listed by:

    Mike DePalma 609-501-4162,

    DePalma Realty

    Source: Bright MLS,MLS#: NJCB2024582MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 123 W Foundry St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Basement
    • Area: 0
    Heating
    • Forced Air, Oil
    Cooling
    • None, Electric
    Appliances
    • Included: Water Heater
    Features
    • Basement: Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,128
    • Total interior livable area: 1,128 sqft
    • Finished area above ground: 1,128
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 3,100 Square Feet
    • Dimensions: 25.00 x 124.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 100028500006
    • Zoning: RES
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence
    • Attached to another structure: Yes
    Materials
    • Frame
    • Foundation: Stone
    Condition
    • New construction: No
    • Year built: 1912

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None Available.
    HOA
    • Has HOA: No
    Location
    • Region: Millville
    • Municipality: MILLVILLE CITY

    Financial & listing details

    • Price per square foot: $111/sqft
    • Tax assessed value: $63,100
    • Annual tax amount: $2,476
    • Date on market: 6/5/2025
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,Other
    • Inclusions: Everything At The Property In As Is Condition.
    • Ownership: Fee Simple
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