Remodeled Three-Family Rental
121 E Browning Road Bellmawr, NJ 08031
For Sale
$549,999
Pending
MULTI_FAMILY - Bellmawr, NJ
Property Size2,492 SF
Lot Size0.36 Acres
Days on Market47
Property Features for 121 E Browning Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 6, Basement, Bathroom 1
Basement
Full, Walk-Out Access
Standard status
Pending
APN
04-00101-01-00023
Size
2,492 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8353
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Number of units
3
Listing Agency:
Keller Williams Preferred Properties,Ship Bottom
(732) 606-3925
Listed By:
Joy Bearden · License #0341335
(732) 606-3925
Added: Jun 13
Changed: Jul 16
Last Checked: Jul 29 at 5:06PM
MLS# 22617941
Copyright © 2026 More 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.
Completely remodeled three-family rental property featuring a simple, functional vertical layout. Each floor is its own unit and includes two bedrooms, a living room, a kitchen, and a bathroom. Residents also share a common area with washer and dryer facilities, adding convenience for everyday use.
The property is located at 121 E Browning Road in Bellmawr, New Jersey, within Camden County. It sits on a 0.36-acre lot and totals 2,492 square feet.
From an ownership or leasing perspective, this configuration offers three distinct rental units within one building, each with the same core room layout. Units 1 and 2 are currently paying $1,750 per month, and unit 3 is currently paying $1,650 per month. The remodeled condition and in-unit-style floor plans supported by shared laundry make the property straightforward to operate and manage for a residential income portfolio.
The property is located at 121 E Browning Road in Bellmawr, New Jersey, within Camden County. It sits on a 0.36-acre lot and totals 2,492 square feet.
From an ownership or leasing perspective, this configuration offers three distinct rental units within one building, each with the same core room layout. Units 1 and 2 are currently paying $1,750 per month, and unit 3 is currently paying $1,650 per month. The remodeled condition and in-unit-style floor plans supported by shared laundry make the property straightforward to operate and manage for a residential income portfolio.
Key Highlights
- Completely remodeled three‑family rental with 3 separate floors, each featuring 2 bedrooms, a living room, kitchen, and bathroom
- Current rents: unit 1 and unit 2 at $1,750/month; unit 3 at $1,650/month
- Common area includes a washer and dryer
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 | $42.8k | $17.16 |
| − Vacancy | −$2.3k | −$0.91 |
| EGI | $40.5k | $16.25 |
| − OpEx | −$12.1k | −$4.87 |
| NOI | $28.3k | $11.37 |
2,492 SF · lease $17.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$404.9K
$354.3K – $472.4K
NOI $28,341 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$361.5K
$316.4K – $421.8K
NOI $25,308 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$631.9K
$552.9K – $737.2K
NOI $44,230 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Turnkey triplex with three separate two-bedroom units and on-site laundry access.
Where is this triplex located?
The property is located at 121 E Browning Road Bellmawr, NJ.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Completely remodeled three‑family rental with 3 separate floors, each featuring 2 bedrooms, a living room, kitchen, and bathroom; Current rents: unit 1 and unit 2 at $1,750/month; unit 3 at $1,650/month; Common area includes a washer and dryer
