Pamela Schwartz
Pamela Schwartz
RS278294

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305 S 2ND STMILLVILLE, NJ 08332

Multi-Family · 1,933 Sq. ft. | 0.23 Acres
$289,900 ACTIVE

305 S 2ND ST Overview

Time on Site:
17 days
Visits:
0

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!

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305 S 2ND ST Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,933
  • Price/Sq.ft. $150
  • Lot 0.23 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Pool: No Pool
  • Total SQFT: 1933
  • Year Built: 1917

Location/Region

  • Country: US
  • County: CUMBERLAND
  • County Or Parish: CUMBERLAND
  • MLS Area Major: Millville City (20610)

Parking Information

  • Type of Parking: Off Street

Tax Information

  • Tax Annual Amount: $3,443.00
  • Tax Assessed Value: 84900.00
  • Tax Year: 2025

General Information

  • Exclusions: Tenant personal property.
  • Inclusions: All landlord owned appliances, fixed items, and utility systems.
  • Property Sub Type: Triplex
  • Property Type: Multi-Family
  • School District Name: MILLVILLE AREA
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: RESIDENTIAL

Unit Information

  • Other Units: Unit 1,Unit 2,Unit 3

Interior

Building Information

  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas

Parking Information

  • Garage: No

Building Exterior/Construction

  • Structure Type: Other

Building Interior

  • Above Grade Finished Area: 1933
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area: 0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Central Air: No
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: 2+ Access Exits
  • Cooling: None
  • Fireplace: No
  • Living Area: 1933
  • Living Area Source: Assessor

Unit Information

  • One Bedroom Units Count: 1
  • Single Room Units Count: 0
  • Three Bedroom Units Count: 0
  • Two Bedroom Units Count: 2

Exterior

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.23
  • Lot Size Dimensions: 66.00 x 150.00
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 10018.80
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Federal
  • Construction Materials: Frame

General Information

  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number Of Units Vacant: 1
  • Other Structures: Above Grade,Below Grade
  • Sewer: Public Sewer
  • Water Access: No

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Total Rent: 1200.00
  • Beds Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Total Rent: 1335.00
  • Beds Total: 2

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 1

305 S 2ND ST Neighborhood

Community

08332 (MILLVILLE) Demographics

42
Median Age
315
Population Density (per sq. mile)
25%
College Educated
$62,027
Estimated Median Income
9,807
Estimated Total Home Owners
4,300
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

305 S 2ND ST Monthly Cost

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Lauren Gyza
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

305 S 2ND ST Market Data

Based on the last 30 days in this zip code

$293,477
Average List Price
$200
Average Price per Square Foot
38
Properties Sold
93
Average Days on Market
203
Properties for Sale
Calculations provided by Reliance Network

305 S 2ND ST History

Date Event Value Agent
6/12/2026Source: BRIGHT MLS Added to Database
June 12, 2026
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
Listing provided courtesy of DePalma Realty- MLS# NJCB2031048MLS ProviderContact Information: 8568255500