402 Billingsport, Paulsboro, NJ 08066
- $339,999
- 2,684
- SqFt
- List Price
- $339,999
- Days on Market
- 2
- Status
- ACTIVE
- MLS#
- NJGL2078384
- Living Area
- 2,684
- Lot Size (Acres)
- 0.46
- Style
- Other
- Year Built
- 1900
- County
- Gloucester
- School District
- Paulsboro Borough
Property Description
Excellent investment opportunity! This fully occupied triplex offers strong existing rental income, separate utilities, and an impressive rear lot with additional potential. 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!
/t.realgeeks.media/thumbnail/yvbG1jezoi5Ywidg1FhIXOXlVpI=/fit-in/170x210/u.realgeeks.media/jerrymachomes/jerry-mac-logo.png){kind=logo}
Additional Information
- Area
- Paulsboro Boro (20814)
- Subdivision
- None Available
- Taxes
- $7601
- School District
- Paulsboro Borough
- Middle School
- Paulsboro High School
- High School
- Paulsboro
- Heating
- Baseboard - Hot Water
- Heating Fuel
- Natural Gas
- Cooling
- Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Opus Elite Real Estate. Contact: (215) 395-6277
© 2026 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.