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!
For sale
Price cut: $10K (6/12)
$125,000
123 W Foundry St, Millville, NJ 08332
3beds
1,128sqft
Est.:
Single Family Residence
Built in 1912
3,100 Square Feet Lot
$-- Zestimate®
$111/sqft
$-- HOA
What's special
- 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#: NJCB2024582

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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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