Renovated Triplex with Separate
29 S MAIN Street Glassboro, NJ 08028
For Sale
Under Contract
$549,000
MULTI_FAMILY - Colonial, Victorian - GLASSBORO, NJ
Property Size2,219 SF
Lot Size0.19 Acres
Price / SF$247.41
Days on Market226
Property Features for 29 S MAIN Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
10
Parking features
Driveway, Off Street, Parking Lot
Interior features
Floor Plan - Traditional, Kitchen - Eat-In
Standard status
Active Under Contract
Size
2,219 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Annual Amount
6615
Utilities
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1898
Number of units
3
Building materials
Frame, Vinyl Siding
Architectural style
Victorian, Colonial
Listing Agency:
RE/MAX Regency Realty
(215) 517-8800
Listed By:
Albert Guerrini · License #2562763
(856) 725-5275
Added: Dec 15, 2025
Changed: Jul 13
Last Checked: Jul 29 at 5:06AM
MLS# NJGL2067336
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.
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three residential units with separate entrances and separate utilities. The building configuration includes two 2-bedroom units and one 1-bedroom unit. Recent updates include renovations to all three units within the past three years. Exterior improvements reported for the property include vinyl siding, Anderson windows, and capped soffits and trim, supporting a low-maintenance ownership experience.
Located at 29 S Main Street in Glassboro, the property is described as being very close to Rowan University, with an easy walk to both downtown and campus. Off-street parking is available, with the remarks noting an abundance of parking for residents.
For investors or owner-occupants, the unit mix provides flexibility, with larger layouts in two units alongside a smaller one-bedroom option. Separate entrances and separate utilities are practical for tenant turnover and day-to-day management. With all three units reported to be fully rented on yearly leases, the property is positioned as an income-oriented residential asset within the Rowan University area.
Located at 29 S Main Street in Glassboro, the property is described as being very close to Rowan University, with an easy walk to both downtown and campus. Off-street parking is available, with the remarks noting an abundance of parking for residents.
For investors or owner-occupants, the unit mix provides flexibility, with larger layouts in two units alongside a smaller one-bedroom option. Separate entrances and separate utilities are practical for tenant turnover and day-to-day management. With all three units reported to be fully rented on yearly leases, the property is positioned as an income-oriented residential asset within the Rowan University area.
Key Highlights
- Triplex built in 1898 with Victorian/Colonial architectural style
- All 3 units were renovated within the past 3 years and are fully rented with yearly leases
- Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
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 | $43.9k | $19.80 |
| − Vacancy | −$2.3k | −$1.03 |
| EGI | $41.7k | $18.77 |
| − OpEx | −$12.5k | −$5.63 |
| NOI | $29.2k | $13.14 |
2,219 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.5K – $485.9K
NOI $29,156 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$370.5K
$324.2K – $432.3K
NOI $25,936 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$745.9K
$652.7K – $870.2K
NOI $52,213 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained triplex featuring separate entrances and utilities, with two two-bedroom units and one one-bedroom unit.
Where is this triplex located?
The property is located at 29 S MAIN Street Glassboro, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Triplex built in 1898 with Victorian/Colonial architectural style; All 3 units were renovated within the past 3 years and are fully rented with yearly leases; Unit mix includes two 2‑bedroom units and one 1‑bedroom unit
