238 S PAVILION Avenue, Riverside, NJ 08075
MULTI_FAMILY - Colonial - RIVERSIDE, NJ
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 4:06 am
Property Features for 238 S PAVILION Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Dining Room, Basement
- Interior features
- 2nd Kitchen, Additional Stairway, Bathroom - Tub Shower, Carpet, Chair Railings, Dining Area, Entry Level Bedroom, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Galley, Kitchen - Table Space
- Appliances
- Built-In Microwave, Built-In Range, Dishwasher, Oven/Range - Gas, Range Hood, Refrigerator, Washer/Dryer Hookups Only
- Standard status
- Active
- Size
- 1,960 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8161
Utilities
- Heating system
- Hot Water(Heating), Other (Heating), Baseboard, Electric (Heating)
- Cooling system
- Ceiling Fan(s)
Building Details
- Year built
- 1913
- Number of units
- 1
- Building materials
- Combination, Galvanized Plumbing, Mixed Plumbing, Stick Built, BattsInsulation, Block, BlownInInsulation, Concrete, Rock, Vinyl Siding
- Architectural style
- Colonial
Listing agent Patricia A Fiume License #8633909 (609) 510-1200
Listing office RE/MAX Of Cherry Hill 1736 Marlton Pike, Cherry Hill, NJ (856) 424-4040
Listing date Jun 24, 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
- 1913 Colonial triplex on a double lot with three vacant units
- Unit A: front unit with kitchen and living room upstairs plus an extra bedroom on the third floor
- Unit B: side entry with eat‑in kitchen, living room, bedroom, and bathroom
- Unit C: back/side entry with galley kitchen, living room, bathroom, and bedroom
- Additional interior features include 2nd kitchen, open floor plan, dining area, and chair railings
- Appliances listed include built‑in microwave, built‑in range, dishwasher, gas oven/range, refrigerator, and washer/dryer hookups only
Overview
Located at 238 S Pavilion Avenue in Riverside, New Jersey, the property sits on a 0.1136-acre lot in Burlington County. With three separate units currently available, the layout supports staggered leasing and offers the option to tailor occupancy as needed.
For buyers looking for a small multi-family income property, this configuration provides three distinct floorplan styles within one building, each with its own entry approach. The fact that all units are vacant may simplify move-in scheduling and allow a new owner to plan leasing, renovations, or tenant readiness on their own timeline.
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 | $50.1k | $25.56 |
| − Vacancy | −$3.2k | −$1.65 |
| EGI | $46.9k | $23.91 |
| − OpEx | −$14.1k | −$7.17 |
| NOI | $32.8k | $16.74 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.96044
- Latitude
- 40.03565
