Triplex with Powered
For Sale
$499,000
41 Washington Ave, Oxford, NJ 07863
MULTI_FAMILY - Oxford Twp., NJ
Property Size3,140 SF
Lot Size0.21 Acres
Price / SF$158.92
Days on Market11
Property Features for 41 Washington Ave
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 6
Parking
4
Patio and Porch features
Porch, Deck
Interior features
High Ceilings, Smoke Detector, Stain Glass Windows, Tile Floors, Track Lighting, Vinyl-Linoleum Floors, Walk-In Closet, Wood Floors
Exterior features
Deck, Open Porch(es), Outbuilding(s), Sidewalk
Lot features
Corner, Level Lot, Open Lot
Elementary school
OXFORD
Middle school
OXFORD
High school
WARRNHILLS
Directions
Rt. 57 on Brass castle, R on Jonestown, L on Washington, home is on the Right. From Washington, 31N, to L on Wall St, L onto Washington, house on L
Standard status
Active
Size
3,140 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8292
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Roof type
Shingle
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
KL SOTHEBY'S INT'L. REALTY · Sotheby's International Realty
(973) 377-7785
Listed By:
KRISTEN LUZI
(908) 696-8600
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 9 at 10:06PM
MLS# 4043923
Copyright © 2026 Garden State MLS, LLC. 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 3,140-square-foot triplex, built in 1900, contains three residential units with distinct layouts. The first-floor residence includes three bedrooms, oak hardwood flooring, high ceilings, an eat-in kitchen, pantry, dedicated laundry room, basement access, storage, and a two-car garage. The second unit has two bedrooms, while the third is an updated one-bedroom/studio apartment with combined living and dining areas and an in-unit washer and dryer. Upper-level occupants have access to covered front and rear porches.
The property sits on 0.21 acres at 41 Washington Ave in Oxford Twp., Warren County, with schools and the library within walking distance. Both on-street and off-street parking are available. A powered outbuilding measuring approximately 600 square feet provides a separate source of rental income. Public water and public sewer serve the property, with hot-water baseboard heating.
The property sits on 0.21 acres at 41 Washington Ave in Oxford Twp., Warren County, with schools and the library within walking distance. Both on-street and off-street parking are available. A powered outbuilding measuring approximately 600 square feet provides a separate source of rental income. Public water and public sewer serve the property, with hot-water baseboard heating.
Key Highlights
- 3,140‑square‑foot triplex on 0.21 acres
- Three units with 3‑bedroom, 2‑bedroom, and 1‑bedroom/studio layouts
- Approximately 600 sq. ft. powered outbuilding provides an additional rental source
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,240
$831.2K
Cap Rate 7%
$593,743
$593.7K
Cap Rate 9%
$461,800
$461.8K
Market Conditions
NOI Build-Up for 3,140 SF
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.
Gross rent
$79.1K $25.20/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$75.6K $24.07/SF
− OpEx
−$34.0K −$10.83/SF
NOI
$41.6K $13.24/SF
Area
Warren County, NJ
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,240
Cap Rate 7%
$593,743
Cap Rate 9%
$461,800
Alternative Uses
Best Use
Multifamily LT 5
$660.8K
$578.2K – $771.0K
NOI $46,258 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$593.7K
$519.5K – $692.7K
NOI $41,562 @ 7.0% cap · market cap 8.33%
Theoretical Best
Warehouse
$1.18M
$1.04M – $1.38M
NOI $82,924 @ 7.0% cap · market cap 16.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 07863, NJ
4,017
Population
1,618
Households
2.5
Avg Household Size
46
Median Age
29%
College-Educated
94%
High-School Grad
19.9 sq mi
ZIP Area
202
Density / Sq Mi
$101,417
Median Household Income
$51,040
Median Earnings
$1,624
Median Rent
$276,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied layouts, porch access, laundry facilities, storage, and a two-car garage.
Where is this triplex located?
The property is located at 41 Washington Ave Oxford, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,140‑square‑foot triplex on 0.21 acres; Three units with 3‑bedroom, 2‑bedroom, and 1‑bedroom/studio layouts; Approximately 600 sq. ft. powered outbuilding provides an additional rental source
