2438 Range Road Browns Mills, NJ 08015
Updated 3-bedroom home with a one-bedroom income-generating apartment.
- Added:
- May 18, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 3 at 5:20 am
Property Features for 2438 Range Road
General Information
- Standard status
- Active
- Size
- 2,623 SF
- Lot size
- 1.00 Acre
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1958
Listing office Key Properties Real Estate (609) 937-8882
Listing date May 18, 2026
Source Compass
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 Key Properties Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Income‑generating 1‑bedroom apartment with a tenant paying $1,125/month
- Nearly 1‑acre lot
- Updated kitchen with granite countertops and cherry cabinets
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 | $56.7k | $21.60 |
| − Vacancy | −$3.0k | −$1.13 |
| EGI | $53.7k | $20.47 |
| − OpEx | −$16.1k | −$6.14 |
| NOI | $37.6k | $14.33 |
