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    617 Newton Avenue Oaklyn, NJ $ 715,000
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    $ 715,000 Get more info
    617 Newton Avenue
    $ 715,000
    Back to search
    Share Save

    617 Newton Avenue

    Oaklyn, NJ, 08107
    $ 715,000
    Bedrooms-- Baths-- Sq 10,498

    Monthly Estimate*

    $ 4,752

    617 Newton Avenue, Oaklyn, NJ 08107 - Image 1

    Commercial Property for sale in Oaklyn, NJ

    for $715,000. This 10,498 square foot building was built in 1935 on a lot size of 0.24.

    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 7k/mo in rental income with 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.

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    Commercial Pending

    Price

    $ 715,000

    Property Type

    Commercial

    Taxes

    $ 15,411

    Style

    Apartment Building

    Lot Size

    0.24

    Year Built

    1935

    Town/City

    Oaklyn

    County/Region

    Camden

    MLS | Web ID

    NJCD2084936
    Features
    Interior
    Heating Fuel Natural Gas
    Hot Water Natural Gas
    Heating Y/N Y
    Central Air Y/N N
    General
    Sewer Public Sewer
    Heating Radiator
    Cooling None
    Possession Settlement
    Zoning RES
    Construction Materials Vinyl Siding
    Year Built 1935
    Property Subtype Five Or More Units
    Tax Year 2024
    Ownership Fee Simple
    Cool Fuel None
    Municipality OAKLYN BORO
    Gross Income 80222.00
    Business Type Apartment Building
    Accessibility None
    County CAMDEN
    Net Operating Income 41419.00
    Operating Expense 38803.00
    New Construction N
    Property Type Commercial Sale
    Water Access Y/N N
    Status PENDING
    Directions Head west on Haddon Ave toward E Homestead Ave. Turn left onto Collings Ave then left onto White Horse Pike. Turn right onto W Clinton Ave then left onto Newton Ave & the property will be on the left
    City OAKLYN
    Number Of Units Total 6
    MLS Area Oaklyn Boro (20426)
    Lot Size Units Square Feet
    Lot Size Square Feet 10498.00
    Waterfront Y/N N
    Tax Annual Amount 15411.0
    Price Per Sq Ft Total AG 68.11
    Vacation Rental Y/N N
    Standard Status Pending
    Year Built Source Assessor
    Tax Lot 00012
    Total Actual Rent 84444.00
    Cap Rate 5.79
    Exterior
    Water Source Public
    Type of Parking Parking Lot
    Water View Y/N N
    Building Area Total 10498.00
    Lot Dimensions 75.00 x 140.00
    Lot Size Acres 0.24
    Lot Size Source Assessor
    Land Assessed Value 78000.00
    Navigable Water Y/N N
    Water Oriented Y/N N
    Internal Only
    Street Number 1 617
    * Excluded Features
    List By
    Keller Williams - Main Street

    Broker

    patrick.gorman@gormangrouprealtors.com

    Email

    Affordability Calculator

    $6,036
    Per Month
    79%
    21%
    0%
    Monthly Principal & Interest
    $4,752
    Monthly Property Taxes
    $1,284
    Monthly Home Insurance
    --
    Default based on a 30-year fixed rate of 6.99% 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
    See complete school information
    Pricing History
    DatePricePrice ChangeDescription
    2/13/2025$715,000 Listed Price

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    617 Newton Avenue, Oaklyn, NJ, 08107 is a Commercial Property for sale at $715,000 with 10,498 sqft and a lot size of 0.24. 617 Newton Avenue was built in 1935. The property's zip code is 08107 which is in Oaklyn, NJ

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