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Pending
  • $715,000

    617 Newton Ave, Oaklyn, NJ 08107

    10beds
    6baths
    6,042sqft
    : 
    Multi Family
    Built in 1935
    -- sqft lot
    $672,800 Zestimate®
    $118/sqft
    $-- HOA

    What's special

    Historic charmSpacious private parking lotAbundance of natural lightUpdated touchesCorner lot
    PRIME INVESTMENT OPPORTUNITY SITUATED ON A QUIET CORNER LOT IN OAKLYN!!! Don't miss this staggering x6 unit building featuring x4 2BD/1BTH units & x2 1BD/1BTH units along with a private basement & spacious private parking lot! Units are filled with an abundance of natural light & brimming with historic charm as well as updated touches & upgrades. Brand new high efficiency heater with separate electric & gas. Tenants are responsible for electric & gas, the landlord is responsible for water & heat. Property is currently generating 7k/mo in rental income with room for tremendous growth. Whether you are a savvy investor looking to add SIX quality doors to your portfolio or an owner-occupant buyer living in either one of the 1 or 2 bedroom units while letting the tenants pay your mortgage AND still generating positive cash flow - then this incredible value add is for you! **Offer memorandum w/ rent roll & financials attached in Bright documents.
    91 days
    on Zillow
    |
    63
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 02, 2025 at 08:45am

    Listed by:

    Patrick Gorman 856-200-8320,

    Keller Williams - Main Street,

    Listing Team: Gorman Group Realtors

    Source: Bright MLS,MLS#: NJCD2085252MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 6
    Basement
    • Area: 0
    Heating
    • Radiator, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Gas Water Heater
    Features
    • Basement: Partial
    • Has fireplace: No
    Interior area
    • Total structure area: 6,042
    • Total interior livable area: 6,042 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Gravel, Parking Lot
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 10,498 Square Feet
    • Dimensions: 75.00 x 140.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 260005300012
    • Zoning: RES
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Permanent
    Condition
    • New construction: No
    • Year built: 1935

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Oaklyn
    • Municipality: OAKLYN BORO

    Financial & listing details

    • Price per square foot: $118/sqft
    • Tax assessed value: $291,600
    • Annual tax amount: $15,411
    • Date on market: 4/2/2025
    • Listing agreement: Exclusive Agency
    • Ownership: Fee Simple
    • Total actual rent: 84444
    • Income includes: Apartment Rentals
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