17 PROGRESS Avenue, Woodbury, NJ 08096
MULTI_FAMILY - Bungalow - WOODBURY, NJ
- Added:
- May 8, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 24 at 5:06 am
Property Features for 17 PROGRESS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 8
- Parking features
- Off Street, On Street, Garage - Detached, Parking Lot
- Standard status
- Active
- Size
- 1,454 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7876
Utilities
- Heating system
- Baseboard, Hot Water(Heating)
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1922
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Bungalow
Listing agent Kari Tomeo (856) 308-9358
Listing office Opus Elite Real Estate of NJ, LLC 20 Main Street, Newtown, NJ (609) 540-5505
Listing date May 8, 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
- Bungalow duplex built in 1922 with frame construction
- Up to 3 rented garages, each at $200/month (total $600/month) for storage
- 2 vacant units with stated potential rent of $2,000 and $1,750 per month
- Total stated potential rent of $4,350 per month
- Includes full basement and ample parking (parking lot, off‑street, on‑street) plus detached garage
- Cooling: window unit(s); heating: baseboard and hot water (heating)
Overview
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 | $28.8k | $19.80 |
| − Vacancy | −$1.5k | −$1.03 |
| EGI | $27.3k | $18.77 |
| − OpEx | −$8.2k | −$5.63 |
| NOI | $19.1k | $13.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Woodbury
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.14362335
- Latitude
- 39.85102463
