Rebuilt 8-Unit Apartment
357 Oakwood Avenue Glassboro, NJ 08028
357 Oakwood Avenue, Glassboro, NJ, 08028
$1,750,000
For Sale
$1,750,000
Fully occupied 8-unit building rebuilt in 2018 with modern finishes and tenant-paid utilities.
Property Size7,232 SF
Price / SF$241.98
Days on Market261
Property Features for 357 Oakwood Avenue
General Information
- Standard status
- Active
- Size
- 7,232 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1925
Listing agency
Excel Realty & Property Management
(856) 430-1381
Listed by
Robert Bailey · License #1120103
(856) 430-1381
Source
Xome
Added: Nov 3, 2025 Updated: Jul 20 at 9:08PM Checked: Jul 21 at 2:58AM
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 Excel Realty & Property Management
Investment Insights
Based on property information with market context.
This fully occupied 8-unit apartment building was completely rebuilt in 2018 and finished with hardwood floors, granite countertops, and modern appliances throughout. The first floor includes four 1-bedroom, 1-bath units, and the upper level features four 3-bedroom, 3-bath layouts. Tenants are responsible for all utilities.
The property is positioned in Glassboro only steps from Rowan University’s main campus, supporting a student-focused residential tenant mix.
The building’s current configuration offers two distinct unit types within the same ownership, with four smaller 1-bed units on the first floor and four larger 3-bed units above.
The property is positioned in Glassboro only steps from Rowan University’s main campus, supporting a student-focused residential tenant mix.
The building’s current configuration offers two distinct unit types within the same ownership, with four smaller 1-bed units on the first floor and four larger 3-bed units above.
Key Highlights
- Fully occupied 8‑unit building with two unit groups: four 1‑bed/1‑bath on the first floor and four 3‑bed/3‑bath on the upper level.
- Completely rebuilt in 2018 with hardwood flooring, granite countertops, and modern appliances in every unit.
- Tenant‑paid utilities—tenants are responsible for all utilities.
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 | $163.2k | $22.56 |
| − Vacancy | −$9.5k | −$1.31 |
| EGI | $153.7k | $21.25 |
| − OpEx | −$69.2k | −$9.56 |
| NOI | $84.5k | $11.69 |
7,232 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,530 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,167 @ 7.0% cap · market cap 9.72%
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?
Apartment building - Fully occupied 8-unit building rebuilt in 2018 with modern finishes and tenant-paid utilities.
Where is this apartment building located?
The property is located at 357 Oakwood Avenue Glassboro, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully occupied 8‑unit building with two unit groups: four 1‑bed/1‑bath on the first floor and four 3‑bed/3‑bath on the upper level.; Completely rebuilt in 2018 with hardwood flooring, granite countertops, and modern appliances in every unit.; Tenant‑paid utilities—tenants are responsible for all utilities.
