Duplex with Detached
For Sale
$320,000
17 PROGRESS Avenue, Woodbury, NJ 08096
Multi-Family, WOODBURY, NJ
Property Size1,454 SF
Lot Size0.15 Acres
Price / SF$220.08
Days on Market167
Property Features for 17 PROGRESS Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking
8
Parking features
Off Street, On Street, Parking Lot, Garage - Detached
Elementary school district
WOODBURY PUBLIC SCHOOLS
Middle school district
WOODBURY PUBLIC SCHOOLS
High school district
WOODBURY PUBLIC SCHOOLS
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 Agency:
Opus Elite Real Estate of NJ, LLC
(609) 540-5505
Listed By:
Kari Tomeo
(856) 308-9358
Added: May 8
Changed: Sep 30
Last Checked: Oct 21 at 10:06AM
MLS# NJGL2072892
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.
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Investment Insights
Based on property information with market context.
This duplex is arranged as upper and lower residences within a 1,454-square-foot bungalow-style building. The property includes a full basement, frame construction, baseboard and hot-water heating, and window-unit cooling. Three detached garages, along with off-street, lot, and on-street parking, provide additional on-site utility. Built in 1922, the property occupies 0.1515 acres in Woodbury, New Jersey.
The two residential units are currently vacant and require work. The property is offered in as-is condition, with the buyer responsible for inspections, repairs, certifications, lender requirements, and the certificate of occupancy. Its duplex configuration and separate garage structures support continued residential income use, subject to applicable requirements and approvals.
The two residential units are currently vacant and require work. The property is offered in as-is condition, with the buyer responsible for inspections, repairs, certifications, lender requirements, and the certificate of occupancy. Its duplex configuration and separate garage structures support continued residential income use, subject to applicable requirements and approvals.
Key Highlights
- Duplex with upper and lower residential units
- 1,454 square feet on a 0.1515‑acre lot
- Three detached garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,105
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,100
$382.1K
Cap Rate 7%
$272,929
$272.9K
Cap Rate 9%
$212,278
$212.3K
Market Conditions
NOI Build-Up for 1,454 SF
Gross rent
$28.8K $19.80/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$27.3K $18.77/SF
− OpEx
−$8.2K −$5.63/SF
NOI
$19.1K $13.14/SF
Area
Gloucester County, NJ
Vacancy
5.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,100
Cap Rate 7%
$272,929
Cap Rate 9%
$212,278
Alternative Uses
Best Use
Multifamily LT 5
$272.9K
$238.8K – $318.4K
NOI $19,105 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$242.8K
$212.4K – $283.3K
NOI $16,995 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$488.7K
$427.7K – $570.2K
NOI $34,212 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
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Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential income property with a basement, multiple parking options, and detached garage structures.
Where is this duplex located?
The property is located at 17 PROGRESS Avenue Woodbury, NJ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex with upper and lower residential units; 1,454 square feet on a 0.1515‑acre lot; Three detached garages
