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617 Newton Ave

$715,000

617 Newton Ave, Oaklyn, NJ 08107

Active
Last Updated: 09/01/2025

3.7

Cap Rate

26,929

NOI

Details:
Cap Rate:    3.7%
NOI:    $26,929
Building Size:    10,498 sqft
Year Built:    1935
Price Per Sqft:    $68.11
Zoning:    RES
Highlights:
  • Days on Market: 120
  • Heating: Radiator
Description:

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 around 6k/mo in rental income with one vacant unit & 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. The next proposed Group Showings (not an open house), will be Mon (8/18) @ 1p & Wed (8/27) @ 4p**

Map:
Location
Gallery