Duplex with Riverfront
326 RIVERVIEW Avenue, Florence, NJ 08518
New
MULTI_FAMILY - Colonial - FLORENCE, NJ
Property size:
1,619 SFLot size:
0.15 AcresPrice / SF:
$203/SF- Added:
- Jun 18, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 20 at 11:06 am
Property Features for 326 RIVERVIEW Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- On Street, Driveway
- Appliances
- Refrigerator, Oven/Range - Gas, Range Hood, Dishwasher
- Standard status
- Active
- Size
- 1,619 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5730
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1910
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Colonial
Listing agent Mary M Bauer License #8740414 (609) 915-5320
Listing office RE/MAX at Home 1 Sheffield Drive unit: 102, Columbus, NJ (609) 784-8021
Listing date Jun 18, 2026
MLS# NJBL2114312
Listing URL
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
- Duplex with Colonial style, waterfront features, and unobstructed river views from both units.
- First‑floor unit offers 2 bedrooms, 1 full bath, a living room, and a large eat‑in kitchen.
- Second‑floor unit offers 1 bedroom, 1 full bath, an eat‑in kitchen, and a living room with multiple front windows.
- Most major improvements completed, including replacement of interior sewer lines and the main intake line.
- Newer systems: both gas furnaces and central air conditioning units are approximately one month old.
- Updated bathrooms with Bath Fitter installations, plus additional storage via basement access and a walk‑up attic.
Overview
This well-maintained duplex offers two separate residences with a shared property setting and multiple storage opportunities. The first-floor unit includes 2 bedrooms and a full bath, along with a living room, a large eat-in kitchen, and access to the welcoming front porch. It also provides outside access to the basement for storage and utility use. The second-floor unit features 1 bedroom, a full bath, an eat-in kitchen, and a living room with abundant natural light from multiple front windows, plus walk-up attic access for additional storage.
The property is described as having unobstructed river views and includes a parcel of land located directly across the street along the waterfront. A spacious backyard supports outdoor use. Major improvements noted include replacement of the interior sewer lines and the main intake line. Both gas furnaces and central air conditioning systems are approximately one month old, and both full bathrooms have been updated with Bath Fitter installations for durability and easier maintenance.
The layout fits tenants or owner-occupants who want separate living spaces under one roof, with the option to use the additional waterfront parcel as part of the overall property experience. With updates to core systems and the ability to consider future conversion to a single-family configuration, the offering is positioned for buyers evaluating multiple living arrangements and income-focused occupancy.
The property is described as having unobstructed river views and includes a parcel of land located directly across the street along the waterfront. A spacious backyard supports outdoor use. Major improvements noted include replacement of the interior sewer lines and the main intake line. Both gas furnaces and central air conditioning systems are approximately one month old, and both full bathrooms have been updated with Bath Fitter installations for durability and easier maintenance.
The layout fits tenants or owner-occupants who want separate living spaces under one roof, with the option to use the additional waterfront parcel as part of the overall property experience. With updates to core systems and the ability to consider future conversion to a single-family configuration, the offering is positioned for buyers evaluating multiple living arrangements and income-focused occupancy.
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 | $35.0k | $21.60 |
| − Vacancy | −$1.8k | −$1.13 |
| EGI | $33.1k | $20.47 |
| − OpEx | −$9.9k | −$6.14 |
| NOI | $23.2k | $14.33 |
1,619 SF · lease $21.60/SF/yr · vacancy 5.22% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.4K
$290.0K – $386.7K
NOI $23,201 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$302.9K
$265.1K – $353.4K
NOI $21,205 @ 7.0% cap · market cap 6.43%
Theoretical Best
Warehouse
$3.39M
$2.96M – $3.95M
NOI $237,028 @ 7.0% cap · market cap 71.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.809
- Latitude
- 40.1237
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit duplex paired with an included waterfront parcel, offering flexible living and rental income options.
Where is this duplex located?
The property is located at 326 RIVERVIEW Avenue Florence, NJ.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Duplex with Colonial style, waterfront features, and unobstructed river views from both units.; First‑floor unit offers 2 bedrooms, 1 full bath, a living room, and a large eat‑in kitchen.; Second‑floor unit offers 1 bedroom, 1 full bath, an eat‑in kitchen, and a living room with multiple front windows.
