Multifamily Investment Opportunity in
443 LANDING Street Lumberton, NJ 08048
For Sale
$850,000
MULTI_FAMILY - LUMBERTON, NJ
Property Size4,363 SF
Lot Size0.83 Acres
Price / SF$194.82
Days on Market185
Property Features for 443 LANDING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 4,363 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Annual Amount
- 12125
Utilities
- Heating system
- Forced Air
- Cooling system
- Wall Unit(s), Central Air
Building Details
- Year built
- 1915
- Number of units
- 4
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Samuel N Lepore · License #791411
(856) 297-6827
Added: Jan 21
Changed: Jul 13
Last Checked: Jul 25 at 4:06AM
MLS# NJBL2103940
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.
Investment Insights
Based on property information with market context.
This six-unit multifamily property is situated on a scenic 0.83-acre lot overlooking the Rancocas Creek. The building, with a total size of 4363 square feet, features a mix of unit types, including two 2-bedroom units, two 1-bedroom units, and two studio apartments. The property's tranquil location and natural backdrop enhance its appeal to tenants, while still providing convenient access to area amenities. This property presents an opportunity for investors seeking a multifamily property with rental potential in Lumberton, New Jersey.
Key Highlights
- Six‑unit multifamily building with 2 two‑bedroom units, 2 one‑bedroom units, and 2 studio apartments
- Forced air heating; cooling includes central air and wall unit(s)
- Year built: 1915
Financial Insights For Apartment 5plus
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 | $109.9k | $25.20 |
| − Vacancy | −$6.0k | −$1.39 |
| EGI | $103.9k | $23.81 |
| − OpEx | −$46.8k | −$10.72 |
| NOI | $57.1k | $13.10 |
4,363 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$816.4K
$714.3K – $952.4K
NOI $57,145 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.13M
$7.98M – $10.65M
NOI $638,759 @ 7.0% cap · market cap 75.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with Rancocas Creek views in Lumberton, NJ.
Where is this apartment building located?
The property is located at 443 LANDING Street Lumberton, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six‑unit multifamily building with 2 two‑bedroom units, 2 one‑bedroom units, and 2 studio apartments; Forced air heating; cooling includes central air and wall unit(s); Year built: 1915
