Building Details

Year Built 1930

Listing Agency: Real Broker, LLC v***@comcast.net Show Phone

Listed By: Victor Mangeney · License #454268

Source: Bernadetteaugello

Added: Aug 22 Changed: Aug 31 Last Checked: Aug 31 at 7:43PM

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Investment Insights

Based on property information with market context.

This 11,400-square-foot apartment property, built in 1930, contains six residential units: two three-bedroom apartments and four two-bedroom apartments. The building has maintained 100% occupancy from 2022 through 2026, and a scheduled rent increase is set for August 2026.

The property includes off-street parking for 8+ vehicles, a driveway, and an oversized 4+ car garage. The garage provides additional storage capacity and supports tenant use. Located at 126-134a Route 45 in Mannington, New Jersey, the property combines multiple residential layouts with on-site parking and ancillary storage improvements.

Key Highlights

• Six residential units with a mix of 2 three‑bedroom and 4 two‑bedroom apartments
• 11,400 square feet; built in 1930
• 100% occupancy from 2022 through 2026

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Plumbing Service Pharmacy Kitchen & Bath Showroom Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

100%

Occupancy

Location Intelligence

Trade Area within ½ mile

53

Businesses Nearby

Explore this area Business Placement

Demographics for 08079, NJ

10,793

Population

5,213

Households

2.1

Avg Household Size

40

Median Age

19%

College-Educated

87%

High-School Grad

88.7 sq mi

ZIP Area

122

Density / Sq Mi

$60,375

Median Household Income

$46,345

Median Earnings

$1,057

Median Rent

$180,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Residential unit mix includes two- and three-bedroom layouts, with off-street parking and garage storage.

Where is this apartment building located?

The property is located at 126 126-134a Route 45 Mannington, NJ.

What is the asking price?

The asking price for this property is $785,000.

What are key features of this property?

This property features: Six residential units with a mix of 2 three‑bedroom and 4 two‑bedroom apartments; 11,400 square feet; built in 1930; 100% occupancy from 2022 through 2026