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    368 Pitman Ave Pitman, NJ 08071

    New
    For Sale
    $349,900

    MULTI_FAMILY - Cape Cod - PITMAN, NJ

    Property size:
    1,830 SF
    Lot size:
    0.33 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 368 Pitman Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking
    6
    Parking features
    Parking Lot
    Appliances
    Dryer, Oven/Range - Gas, Washer, Dishwasher
    Size
    1,830 SF
    Lot size
    0.33 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    1
    Building materials
    Stucco
    Architectural style
    Cape Cod

    Keller Williams Realty - Washington Township (856) 582-1200 [email protected]

    Listing agent Robert J Dick Sr (856) 582-1200 License #7812844

    Listing date Dec 4, 2025

    MLS# NJGL2067030 Listing URL

    Copyright © 2025 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.

    Overview

    Pitman Multifamily Property For Sale

    This multifamily property in Pitman, New Jersey, features two units, each with two bedrooms. The downstairs unit is currently rented month-to-month for $1650.00, while the upstairs unit is leased for $1,600 per month. Recent upgrades to the upstairs unit include a replaced bay window, sliding glass doors, and flooring. The property also features rebuilt steps and a deck. Each unit is equipped with its own central air unit, gas heater, and gas hot water heater, all of which are newer. Two sets of washers and dryers are located in the basement. The property is situated on a 0.33-acre lot. The total property size is 1830 square feet. There is potential for increased rental income, as the current rents are below market values.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pitman
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.12157
    Latitude
    39.73456

    Nearby Similar for Sale

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    • Contact for pricing

      Spacious Pitman Garage Rental

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    FAQs

    What type of property is this?
    Duplex - Two-unit multifamily property in Pitman, New Jersey with income potential.
    Where is this duplex located?
    The property is located at 368 Pitman Ave Pitman, NJ.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Two separate 2-bedroom units offer immediate rental income potential.; - Below-market rents provide opportunity for increased income.; - Upstairs unit features recently replaced bay window, sliding glass doors, and flooring.
    (856) 582-1200
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    368 Pitman Ave Pitman, NJ 08071
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