Commercial: MLS #NJGL2072446 Westville, NJ $ 995,000
Commercial: MLS #NJGL2072446
$ 995,000
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Commercial: MLS #NJGL2072446

Westville, NJ, 08093
$ 995,000
Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

$ 6,126

MLS #/Web ID: NJGL2072446 - Image 1
MLS #/Web ID: NJGL2072446 - Image 2
MLS #/Web ID: NJGL2072446 - Image 3
MLS #/Web ID: NJGL2072446 - Image 4
MLS #/Web ID: NJGL2072446 - Image 5
MLS #/Web ID: NJGL2072446 - Image 6

Commercial Property for sale in Westville, NJ

for $995,000. This 5,000 square foot building was built in 1950 on a lot size of 0.19.

Turn-Key 8-Unit Investment Opportunity in Westville. Exceptional opportunity to acquire a well-maintained, turn-key 8-unit multifamily property in a prime location in Westville. This attractive asset offers strong in-place cash flow with a current gross annual income of $132,394 and an impressive 8% cap rate, making it an ideal addition to any investors portfolio. The property has been well cared for and presents beautifully, offering tenants a desirable living environment in a convenient location close to major highways, shopping, dining, and public transportation. With stable occupancy and solid existing income, this is a true plug-and-play investment. In addition to the strong current returns, the property offers significant value-add potential through future rent increases and operational efficiencies, including the opportunity to implement utility bill-backs such as water reimbursement to further enhance NOI and overall asset value. Whether you are a seasoned investor or looking to expand your multifamily portfolio, this is a rare chance to own a high-performing asset in a strong rental market with upside potential still remaining.

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Commercial Active

Price

$ 995,000

Property Type

Commercial

Taxes

$ 20,876

Style

Apartment Building

Lot Size

0.19

Year Built

1950

Town/City

Westville

County/Region

Gloucester

MLS | Web ID

NJGL2072446

Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
Entry Level 1
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling None
Possession Negotiable
Zoning R
Construction Materials Brick
Year Built 1950
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality WESTVILLE BORO
Gross Income 132394.00
Business Type Apartment Building
Accessibility None
County GLOUCESTER
Net Operating Income 70230.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions 6 Burr
City WESTVILLE
Number Of Units Total 8
MLS Area Westville Boro (20821)
Lot Size Units Square Feet
Lot Size Square Feet 8276.00
Tax Annual Amount 20876.0
Price Per Sq Ft Total AG 207.29
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Tax Lot 00013 01
Total Actual Rent 126571.00
Cap Rate 8.05
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Exterior
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 4800.00
Lot Size Acres 0.19
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 39200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 6
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* Excluded Features
List By
Re/Max One Realty

Broker

856agent@gmail.com

Email

Affordability Calculator

$7,866
Per Month
78%
22%
0%
Monthly Principal & Interest
$6,126
Monthly Property Taxes
$1,740
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/15/2026$995,000 Listed Price

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