Legal Triplex Income
2442 S BLACK HORSE PIKE Williamstown, NJ 08094
2442 S BLACK HORSE PIKE, Williamstown, NJ, 08094
$525,000
For Sale
$525,000
MULTI_FAMILY - WILLIAMSTOWN, NJ
Property Size2,939 SF
Price / SF$178.63
Days on Market31
Property Features for 2442 S BLACK HORSE PIKE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Active
- Size
- 2,939 SF
Building Details
- Year built
- 1958
Listing agency
BHHS Fox & Roach Cherry Hill Home Marketing Center
(856) 428-8000
Listed by
Valerie Yosef
(856) 906-4252
Added: Jun 23 Updated: Jul 23 at 3:02AM Checked: Jul 23 at 7:06AM
MLS# NJGL2074970
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal triplex offers three residential units totaling nearly 3,000 square feet of living space. The property features three 4-bedroom, 2-bathroom units. Two units are currently occupied with leases in place, providing immediate rental income.
Two of the units have been extensively renovated with updated finishes, while the third unit requires a complete renovation. The property sits on a large lot and is described as having commercial zoning, offering flexibility for future development considerations.
For sale as an income-producing multifamily asset with a current occupancy base and a value-add component tied to completing the renovation of the remaining unit.
Two of the units have been extensively renovated with updated finishes, while the third unit requires a complete renovation. The property sits on a large lot and is described as having commercial zoning, offering flexibility for future development considerations.
For sale as an income-producing multifamily asset with a current occupancy base and a value-add component tied to completing the renovation of the remaining unit.
Key Highlights
- Legal triplex built in 1958 with nearly 3,000 sq ft of living space
- Three 4‑bedroom, 2‑bath units; two units currently occupied
- Leases in place at $2,500/month and $2,450/month, extending for approximately another year
Local Financial Insights For Apartment 5plus
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 | $88.2k | $30.00 |
| − Vacancy | −$6.0k | −$2.04 |
| EGI | $82.2k | $27.96 |
| − OpEx | −$37.0k | −$12.58 |
| NOI | $45.2k | $15.38 |
2,939 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$702.7K
$614.9K – $819.8K
NOI $49,188 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$645.7K
$565.0K – $753.3K
NOI $45,196 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$767.4K
$671.5K – $895.3K
NOI $53,720 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Legal triplex offering three units and nearly 3,000 square feet of living space on a large lot.
Where is this triplex located?
The property is located at 2442 S BLACK HORSE PIKE Williamstown, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Legal triplex built in 1958 with nearly 3,000 sq ft of living space; Three 4‑bedroom, 2‑bath units; two units currently occupied; Leases in place at $2,500/month and $2,450/month, extending for approximately another year
