6 SALEM Avenue, Newfield, NJ 08344
MULTI_FAMILY - Other - NEWFIELD, NJ
- Added:
- Jun 12, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 16 at 4:06 pm
Property Features for 6 SALEM Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway, Garage - Detached
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5154
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1904
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Other
Listing agent Michael DePalma License #1328898 (609) 501-4162
Listing office DePalma Realty 111 HIGH Street, Millville, NJ (856) 825-5500
Listing date Jun 12, 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
- Turnkey duplex with 2 beds/1 bath on the first floor and 2 beds/1 bath on the second floor
- Current total rent roll of $2,956/month ($35,472/year), with tenants paying extra $25/month each toward water
- Each unit has its own electric and gas meters; landlord pays trash, taxes, and building insurance only
- Parking includes a detached garage plus driveway
- Central air and forced‑air heating; frame construction
- Detached garage can be rented separately for additional income
Overview
The property is located at 6 Salem Avenue in Newfield, New Jersey, within the Buena Regional School District. The listing includes details of the landlord’s responsibilities, stating the owner is responsible for trash, taxes, and building insurance.
For buyers seeking a practical, ready-to-operate small income property, the duplex offers independent utility metering, an existing rental structure with one fixed-term lease and one month-to-month unit, and an additional detached garage that can generate supplementary rental income. The outlined ownership expense responsibilities and current rent roll provide a clear baseline for underwriting and operating the property.
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 | $28.5k | $19.80 |
| − Vacancy | −$1.5k | −$1.03 |
| EGI | $27.0k | $18.77 |
| − OpEx | −$8.1k | −$5.63 |
| NOI | $18.9k | $13.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newfield
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0258179
- Latitude
- 39.5465164
