Multifamily Property with
For Sale
$289,999
437 W Broad St, Paulsboro, NJ 08066
Built in 1960 with electric baseboard heating, an electric water heater, and an on-site driveway.
Property Size1,891 SF
Price / SF$153.36
Days on Market96
Property Features for 437 W Broad St
General Information
Standard status
Active
Size
1,891 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Listing Agency:
Prime Realty Partners
Listed By:
John Rinick · License #1865546
(267) 205-1824
Source:
Danmauz
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 7 at 5:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$22,103
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,060
$442.1K
Cap Rate 7%
$315,757
$315.8K
Cap Rate 9%
$245,589
$245.6K
Market Conditions
NOI Build-Up for 1,891 SF
Gross rent
$42.7K $22.56/SF
− Vacancy
−$2.5K −$1.31/SF
EGI
$40.2K $21.25/SF
− OpEx
−$18.1K −$9.56/SF
NOI
$22.1K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,060
Cap Rate 7%
$315,757
Cap Rate 9%
$245,589
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
316
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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 St 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
