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    367 Morris St Woodbury, NJ 08096

    For Sale
    $750,000

    Six-unit building with six garages, strong rental income.

    Property size:
    4,632 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a six-unit multi-family property located at 367 Morris Street in Woodbury, New Jersey. The property sits on a 0.66-acre lot and boasts a total of 4,632 square feet. Currently generating income from eight rental sources (six residential units and six garages, with two tenants each renting three garages), this property offers immediate cash flow. All rents are up-to-date, and tenants are satisfied. The building is being sold "as is." Note that the square footage and age of the building are approximate. This property is ideal for investors seeking a stable, income-producing asset. Serious inquiries only

    Property Features for 367 Morris St

    General Information

    Property type
    Residential income properties
    Square Feet
    4,632 SF
    Lot Size
    28,750 SF

    Building Details

    Year Built
    1970
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Woodbury
    County
    Gloucester
    State
    New Jersey
    Longitude
    -75.16058
    Latitude
    39.83398

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    FAQs

    What type of property is this?
    Residential income property - Six-unit building with six garages, strong rental income.
    Where is this residential income property located?
    The property is located at 367 Morris St Woodbury, NJ.
    What is the asking price?
    The asking price for this property is $750,000.
    (856) 321-1212
    Request Owner's contact information
    367 Morris St Woodbury, NJ 08096
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    Woodbury, NJ 08096
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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
    367 Morris St Woodbury, NJ 08096
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