Multifamily Property with
For Sale
$289,999
Pending
437 W BROAD STREET, Paulsboro, NJ 08066
Built in 1960 with electric baseboard heating, an electric water heater, and an on-site driveway.
Property Size1,891 SF
Days on Market26
Property Features for 437 W BROAD STREET
General Information
Standard status
Pending
Size
1,891 SF
Property subtype
Residential Income
Amenities
Electric, Baseboard
Electric Water Heater
Driveway
A-Frame
Building Details
Building Size
1,891 SF
Year Built
1960
Listing Agency:
Prime Realty Partners
(267) 205-1824
Listed By:
John Rinick · License #1865546
(267) 205-1824
Source:
Evrealestate
Added: Jul 7
Changed: Jul 31
Last Checked: Jul 31 at 11:20PM
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 Prime Realty Partners
Investment Insights
Based on property information with market context.
This multifamily property at 437 W Broad Street in Paulsboro, New Jersey, was built in 1960. Interior features include electric baseboard heating and an electric water heater. Exterior features include a driveway and an A-frame design.
The property is located in Gloucester County, with GPS directions provided for access.
The property is located in Gloucester County, with GPS directions provided for access.
Key Highlights
- Multifamily property at 437 W Broad Street, Paulsboro, NJ 08066
- Built in 1960
- Electric baseboard heating
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 | $42.7k | $22.56 |
| − Vacancy | −$2.5k | −$1.31 |
| EGI | $40.2k | $21.25 |
| − OpEx | −$18.1k | −$9.56 |
| NOI | $22.1k | $11.69 |
1,891 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$315.8K
$276.3K – $368.4K
NOI $22,103 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.6K
$556.2K – $741.6K
NOI $44,495 @ 7.0% cap · market cap 15.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 08066, NJ
8,414
Population
3,605
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,237
Density / Sq Mi
$62,412
Median Household Income
$35,684
Median Earnings
$1,092
Median Rent
$166,600
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?
Multifamily property - Built in 1960 with electric baseboard heating, an electric water heater, and an on-site driveway.
Where is this multifamily property located?
The property is located at 437 W BROAD STREET Paulsboro, NJ.
What is the asking price?
The asking price for this property is $289,999.
What are key features of this property?
This property features: Multifamily property at 437 W Broad Street, Paulsboro, NJ 08066; Built in 1960; Electric baseboard heating
