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$995,000 Just Listed
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Property Description
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 investor's 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.
Full Property Details
Full Property Details for MLS# NJGL2072446
General
- Price: $995,000
- Taxes: $20,876 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: NJGL2072446
- Updated: Today (5/14/2026)
- Added to Site: Today
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 10
- Parking Type: Parking Lot
Location
- Area: Westville Boro (20821)
- Municipality: WESTVILLE BORO
- County: GLOUCESTER
- Driving Directions: 6 Burr
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Basement: Yes
- Entry Floor Number: 1
- Building Size: 4800
- Year Built: 1950
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,276
- Lot Size Source: Estimated
- Zoning: R
Financial Considerations
- Price Per Sq. Ft.: $207.29
- Tax w/Assessment: $368,000
- Tax Amount: $20,876
- Tax Year: 2025
- Owner Pays: Water
Disclosures and Reports
- Ownership: Fee Simple
- Investment: Yes
- Lot Number: 00013 01
Listed by RE/MAX ONE Realty, Michael Walton
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Price & Sales History for MLS# NJGL2072446
Date
Details
Price
Change
Source
5/14/2026
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# NJGL2072446
MLS# NJGL2072446, Westville, NJ 08093 (MLS# NJGL2072446) is a Apartment property. MLS# NJGL2072446 is currently listed for $995,000 and was received on May 14, 2026. Want to learn more about MLS# NJGL2072446? Do you have questions about finding other Apartment real estate for sale in Westville? You can browse all Westville real estate or contact a Coldwell Banker agent to request more information.

