257 PROGRESS Street, Riverside, NJ 08075
MULTI_FAMILY - Other - RIVERSIDE, NJ
- Added:
- Apr 3, 2026
- Days on Market:
- 72
- Last Refresh:
- Jun 13 at 9:06 am
Property Features for 257 PROGRESS Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Appliances
- Dryer, Oven/Range - Gas, Refrigerator, Stove, Washer
- Standard status
- Active
- Size
- 1,522 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5863
Utilities
- Heating system
- Other (Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Other
Listing agent Patricia E Pomeranz License #9231492 (848) 469-6691
Listing office Keller Williams Realty - Moorestown 513 S Lenola Road, Moorestown, NJ (856) 316-1100
Listing date Apr 3, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex built in 1920 with both units currently rented
- Unit A (first floor): 1 bed, 1 bath; includes living room and dedicated dining area, plus interior access to the full basement
- Unit B (second floor): 2 beds, 1 bath; large living room with formal dining area and washer/dryer in unit
- Rents: $1,200/month for Unit A and $1,300/month for Unit B (effective July 1, 2026)
- Property includes shared backyard, window A/C units, and on‑street parking; frame construction
- Sewer line replaced; separated utilities; also includes 2 back garages accessible from Sylvan Street, each rented for $165/month
Overview
The duplex is situated at 257 PROGRESS Street in Riverside, New Jersey, within Burlington County. Residents have access to a shared backyard, and the location is described as walkable to shopping, schools, and transportation.
For buyers or owner-occupants seeking a straightforward rental setup, the combination of two separate residences, separated utilities, in-unit or private laundry options, and the additional garage income can support streamlined day-to-day management. The sewer line replacement is noted, and the property is presented as maintained and ready to operate as a rental investment.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.9k | $25.56 |
| − Vacancy | −$2.5k | −$1.65 |
| EGI | $36.4k | $23.91 |
| − OpEx | −$10.9k | −$7.17 |
| NOI | $25.5k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.9489
- Latitude
- 40.0192
