NJ
CUMBERLAND
MILLVILLE
08332
305 S 2ND ST ST
305 S 2ND ST ST, MILLVILLE, NJ 08332
Share Listing
Listing Type
Multi Family
Listing Status
Active
55
$289,900

Home Details for 305 S 2ND ST ST

Price
$289,900
Type
Residential Income
Bedrooms
5
Square feet
1933
Year built
1917
Lot size acres
0.23
County
CUMBERLAND
MLS Listing#
NJCB2031048
Property Description

TURNKEY CASHFLOWING TRIPLEX! This 3-unit property has two 2 bedroom, 1 bathroom units and one 1 bedroom, 1 bathroom unit. The two bedroom units are currently occupied while the 3rd is vacant. With just the two leased, the rent roll is $2,535.00 per month, and current 1 bedroom rents in Millville average an asking price of $1,100.00 or more. With all three leased, an investor would expect gross rents of $43,620.00 annually, making this a very strong investment in a good location within a great rental market overall. Both currently leased units are month-to-month. All units have their own electric and gas meters for easy utility management. In addition, the current lease includes a monthly water/sewer fee that generally covers the cost, leaving the landlord responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. This property is priced to move quickly to qualified buyers. If you've been looking for a strong and stable multi-family property to start, add to, or diversify your investment portfolio, this is a strong option. Take a look today!

Property Features
  • Cooling Information
    • None
    • Electric
  • Heating Information
    • Natural Gas
    • Baseboard
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: DePalma Realty - 856-825-5500
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2026 Bright MLS. All rights reserved.
Last Updated: 2026-07-07 18:20:56
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Bright MLS.
EXIT REALTY DEFINED
981 Delsea Drive MM2, Franklinville, NJ 08322
Office
856 694 8795
Request more details
Code: