Fully Rented Triplex
240 Billings Avenue Paulsboro, NJ 08066
240 Billings Avenue, Paulsboro, NJ, 08066
$414,900
Pending
For Sale
$414,900
Pending
Turnkey triplex with three occupied units and renovated interiors, with tenants paying utilities.
Property Size2,488 SF
Days on Market184
Property Features for 240 Billings Avenue
General Information
- Standard status
- Pending
- Size
- 2,488 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1920
Listing agency
EXP Realty, LLC
(609) 727-5458
Listed by
SHELBY MORGAN
(609) 727-5458
Source
Compass
Added: Jan 20 Updated: Jul 22 at 4:11PM Checked: Jul 22 at 4:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC
Investment Insights
Based on property information with market context.
This for-sale triplex is offered as a fully rented, turnkey investment with all three units currently occupied. The property has been renovated and maintained, with each unit featuring updated kitchens and baths, modern flooring, and well-maintained systems.
The listing is in Gloucester County, within Paulsboro Boro (MLS area 20814). The school district is Paulsboro Public Schools.
Per the provided information, tenants pay all utilities, and the three units are listed with monthly rents of $1,640, $1,525, and $1,550.
The listing is in Gloucester County, within Paulsboro Boro (MLS area 20814). The school district is Paulsboro Public Schools.
Per the provided information, tenants pay all utilities, and the three units are listed with monthly rents of $1,640, $1,525, and $1,550.
Key Highlights
- Fully rented triplex with all three units occupied and immediate rental income
- Unit rents: $1,640 (Unit 1), $1,525 (Unit 2), and $1,550 (Unit 3)
- Renovated interiors with updated kitchens and baths across all units
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 | $49.3k | $19.80 |
| − Vacancy | −$2.6k | −$1.03 |
| EGI | $46.7k | $18.77 |
| − OpEx | −$14.0k | −$5.63 |
| NOI | $32.7k | $13.14 |
2,488 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.0K
$408.6K – $544.9K
NOI $32,691 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$415.4K
$363.5K – $484.7K
NOI $29,081 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$836.3K
$731.8K – $975.7K
NOI $58,542 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Turnkey triplex with three occupied units and renovated interiors, with tenants paying utilities.
Where is this triplex located?
The property is located at 240 Billings Avenue Paulsboro, NJ.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Fully rented triplex with all three units occupied and immediate rental income; Unit rents: $1,640 (Unit 1), $1,525 (Unit 2), and $1,550 (Unit 3); Renovated interiors with updated kitchens and baths across all units
