Stabilized Multifamily Investment
424 TRENTON Road, Browns Mills, NJ 08015
MULTI_FAMILY - Colonial, Ranch - BROWNS MILLS, NJ
Type:Single Family Residence
Property size:
6,000 SFLot size:
4.33 AcresPrice / SF:
$183/SF- Added:
- Sep 19, 2025
- Days on Market:
- 251
- Last Refresh:
- May 27 at 6:06 am
Property Features for 424 TRENTON Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Rooms
- Basement
- Parking
- 15
- Parking features
- Driveway
- Fireplace
- 1
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 4.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14782
Utilities
- Heating system
- Forced Air, Electric (Heating), Baseboard
- Cooling system
- Central Air, Window Unit(s)
Building Details
- Year built
- 1966
- Number of units
- 4
- Building materials
- Frame
- Architectural style
- Colonial, Ranch
Listing agent Lukasz Boczniewicz License #1973582 (267) 679-1659
Listing office Keller Williams Real Estate-Langhorne 584 Middletown Boulevard unit: A50, Langhorne, NJ (215) 757-6100
Listing date Sep 19, 2025
MLS# NJBL2096332
Listing URL
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
- Confirmed 7.38% Cap Rate on actuals provides immediate, proven cash flow.
- 100% Occupancy with a strong, diverse unit mix ensures stable income.
- Major capital improvements completed, including a new septic system (2021) and renovations on 7 of 9 units.
- Unique 5‑building 'village' configuration minimizes noise and maximizes tenant retention.
- Convenient access to Joint Base McGuire‑Dix‑Lakehurst and other major employers ensures consistent tenant demand.
- Bonus value‑add: Standalone building (formerly 4 units) in shell condition offers potential future expansion.
Overview
Located at 424 Trenton Road in Browns Mills, NJ, this multifamily property features nine units and presents a stabilized investment opportunity. The property is currently 100% occupied and generates a 7.38% Cap Rate. Situated in a quiet, wooded setting, the property provides convenient access to local amenities and major regional employers, including Joint Base McGuire-Dix-Lakehurst. The unit mix includes two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The property consists of five buildings configured in a "village" style, offering tenants a private, residential feel. Major capital improvements have been completed, including a new septic system installed in 2021 and renovations on seven of the nine units. The property also includes a sixth, standalone building in shell condition with water, gas, and electric run to the structure. This building, formerly four units, is offered strictly "as-is" with no representation of future use and represents potential upside for a buyer willing to navigate township approvals for parking/septic independently. The property is situated on a 4.33-acre lot. The property size is 6000 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$873.2K
NOI $78,586 @ 9.00% cap · cautious / downside scenario
Moderate
$1.12M
NOI $78,586 @ 7.00% cap · market / base-case scenario
Aggressive
$1.57M
NOI $78,586 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.2k | $25.20 |
| − Vacancy | −$8.3k | −$1.39 |
| EGI | $142.9k | $23.81 |
| − OpEx | −$64.3k | −$10.72 |
| NOI | $78.6k | $13.10 |
6,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$1.12M
$982.3K – $1.31M
NOI $78,586 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$12.55M
$10.98M – $14.64M
NOI $878,422 @ 7.0% cap · market cap 79.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Browns Mills
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.5919173
- Latitude
- 39.9870753
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Nine-unit multifamily property in Browns Mills, NJ, with immediate cash flow.
Where is this multifamily property located?
The property is located at 424 TRENTON Road Browns Mills, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Confirmed 7.38% Cap Rate on actuals provides immediate, proven cash flow.; 100% Occupancy with a strong, diverse unit mix ensures stable income.; Major capital improvements completed, including a new septic system (2021) and renovations on 7 of 9 units.
