NJ
CUMBERLAND
BRIDGETON
08302
288 SOUTH AVENUE
288 SOUTH AVENUE, BRIDGETON, NJ 08302
Share Listing
Listing Type
Multi Family
Listing Status
Active
46
$235,000

Home Details for 288 SOUTH AVENUE

Price
$235,000
Type
Residential Income
Bedrooms
4
Square feet
1920
Year built
1900
Lot size acres
0.25
County
CUMBERLAND
MLS Listing#
NJCB2032798
Property Description

DUPLEX WITH INCOME IN PLACE, A VACANT UNIT, AND VALUE-ADD POTENTIAL! Welcome to 288 South Avenue in Bridgeton, an up-and-down duplex offering two 2-bedroom, 1-bathroom units, separate electric utilities, an oversized lot, abundant off-street parking, and an opportunity for immediate flexibility. Unit A is currently occupied and generating $15,900 in annual rental income, while Unit B is VACANT and ready for its next use. That combination creates an attractive opportunity for a buyer looking to enter the multifamily market by occupying one unit while collecting rental income from the other—potentially helping offset monthly housing expenses while beginning to build a real estate portfolio. For an experienced investor, the vacant unit provides the opportunity to immediately prepare and lease the space at current market terms without waiting for an existing lease to expire. Based on estimated market rents, total gross rental income could potentially reach approximately $33,600 annually when both units are leased at projected market rates. At the offered price, projected performance could result in a PRO FORMA CAP RATE EXCEEDING 11%, subject to actual rents, expenses, occupancy, management, maintenance, and other operating costs. Buyers should perform their own due diligence regarding projected rents and investment performance. The property is also set up with separate electric utilities, including separate electric hot water heaters, helping simplify utility responsibility between the two units. Outside, the EXTRA-LARGE LOT adds another dimension to the property, with plenty of off-street parking, a storage shed, and substantial additional outdoor space. Whether you're looking for an opportunity to occupy one unit while generating income from the other or seeking another multifamily property for an established portfolio, 288 South Avenue offers a compelling combination of CURRENT INCOME, VACANCY FLEXIBILITY, AND FUTURE UPSIDE. Schedule your showing and explore the possibilities!

Property Features
  • Cooling Information
    • None
    • Electric
  • Heating Information
    • Natural Gas
    • Forced Air
  • Parking
    • Off Street
    • Driveway
  • Water Features
    • Public
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: 2026-09-15 14:00:59
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: