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    42 Oak Ave Glendora, NJ 08029

    For Sale
    $599,000

    Five-unit property, high rental upside, prime location.

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional five-unit multi-family property presents a compelling value-add opportunity in the desirable Glendora, NJ area. Situated on a 0.36-acre lot at 42-44 E Oak Avenue, this property offers convenient access to Route 42 and Black Horse Pike, providing effortless commuting and proximity to a wealth of shopping and dining options. The property comprises two buildings. One building, at 44 E Oak Avenue, features two two-bedroom, one-bathroom units, currently occupied by long-term tenants. The other building, at 42 E Oak Avenue, includes two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit, also occupied by long-term tenants. Current rental income is significantly below market value, presenting a substantial opportunity for increased profitability through market-rate rent adjustments. Each unit boasts ample yard space, and the property includes a private parking lot for resident convenience. The total square footage of the property is 5,000 square feet. This property is ideally suited for an investor seeking a strong return on investment through rental income enhancement and potential future appreciation. Don't miss this chance to acquire a well-located, multi-family property with significant upside potential.

    Property Features for 42 Oak Ave

    General Information

    Property type
    Residential income properties
    Square Feet
    5,000 SF
    Lot Size
    15,682 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    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
    Glendora
    County
    Camden
    State
    New Jersey
    Longitude
    -75.03216
    Latitude
    39.86613

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    FAQs

    What type of property is this?
    Residential income property - Five-unit property, high rental upside, prime location.
    Where is this residential income property located?
    The property is located at 42 Oak Ave Glendora, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    (856) 556-0011
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    42 Oak Ave Glendora, NJ 08029
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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
    42 Oak Ave Glendora, NJ 08029
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