40-Unit Apartment
For Sale
Contact for pricing
Pending
424 N Black Horse Pike, Runnemede, NJ 08078
Two nearby apartment properties combine renovated residences, new laundry rooms, and direct bus access.
Property SizeContact for details
Days on Market142
Property Features for 424 N Black Horse Pike
General Information
Standard status
Pending
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
40
Amenities
laundry rooms
Building Details
Buildings
2
Listing Agency:
Colliers - Woodbridge, New Jersey
(973) 299-3083
Listed By:
Jacklene Chesler · License #NJ 9587537
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 11:26AM
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 Colliers - Woodbridge, New Jersey
Investment Insights
Based on property information with market context.
This multifamily offering includes two apartment properties totaling 40 residences at 424 North Black Horse Pike and 345 West Clements Bridge Road. The buildings are located approximately a half mile apart, creating a compact portfolio within the same residential area. Ownership completed renovation work within the past 12 months, with 22 of the 40 units receiving interior and exterior upgrades. New laundry rooms were also added at both properties.
The portfolio benefits from transit access, with a bus station immediately in front of each property. Exit 3 of the New Jersey Turnpike is less than one mile away, while Center City Philadelphia is 8 miles from the assets. Walmart, Michael’s, Sam’s Club, ACME Markets, Target, Wawa, CVS, and Starbucks are all within two miles, along with numerous small businesses.
The portfolio benefits from transit access, with a bus station immediately in front of each property. Exit 3 of the New Jersey Turnpike is less than one mile away, while Center City Philadelphia is 8 miles from the assets. Walmart, Michael’s, Sam’s Club, ACME Markets, Target, Wawa, CVS, and Starbucks are all within two miles, along with numerous small businesses.
Key Highlights
- 40 apartments across two residential properties
- 22 of 40 units renovated within the past 12 months
- Interior and exterior improvements completed at renovated units
Property Analytics
Property Profile
Current Use
Lease Details
40
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 08078, NJ
8,074
Population
3,338
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
4,249
Density / Sq Mi
$97,857
Median Household Income
$47,516
Median Earnings
$1,375
Median Rent
$215,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two nearby apartment properties combine renovated residences, new laundry rooms, and direct bus access.
Where is this apartment building located?
The property is located at 424 N Black Horse Pike Runnemede, NJ.
What are key features of this property?
This property features: 40 apartments across two residential properties; 22 of 40 units renovated within the past 12 months; Interior and exterior improvements completed at renovated units
