Mixed-Use Building with 2
For Sale
$595,000
48-50 NEWTON Avenue, Woodbury, NJ 08096
Multi-Family, WOODBURY, NJ
Property Size4,125 SF
Lot Size0.12 Acres
Price / SF$144.24
Days on Market139
Property Features for 48-50 NEWTON Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking
3
Parking features
On Street, Driveway
Fireplace
1
Elementary school district
WOODBURY PUBLIC SCHOOLS
Middle school district
WOODBURY PUBLIC SCHOOLS
High school district
WOODBURY PUBLIC SCHOOLS
Standard status
Active
Size
4,125 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
11773
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1895
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
HomeSmart First Advantage Realty · HomeSmart International
(856) 363-3000
Listed By:
Elyaant Yaliska Armijos · License #1862459
(267) 216-7168
Added: May 28
Changed: Oct 8
Last Checked: Oct 13 at 3:06AM
MLS# NJGL2073692
Copyright © 2026 Bright MLS. 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 4,125-square-foot brick property combines a main-level office with two apartments above. The building dates to 1895 and sits on a 0.121-acre lot. Interior features include original woodwork, wood trim, and millwork, along with a fireplace. Forced-air heating and central air conditioning serve the property.
The property is near downtown Woodbury, the Gloucester County Courthouse, professional offices, restaurants, shopping, and major transportation routes. Parking options include a driveway and on-street parking.
The property is near downtown Woodbury, the Gloucester County Courthouse, professional offices, restaurants, shopping, and major transportation routes. Parking options include a driveway and on-street parking.
Key Highlights
- Office space on the main level with two apartments above
- 4,125 square feet on a 0.121‑acre lot
- Brick construction; built in 1895
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,214
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$964,280
$964.3K
Cap Rate 7%
$688,771
$688.8K
Cap Rate 9%
$535,711
$535.7K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$93.1K $22.56/SF
− Vacancy
−$5.4K −$1.31/SF
EGI
$87.7K $21.25/SF
− OpEx
−$39.4K −$9.56/SF
NOI
$48.2K $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%
$964,280
Cap Rate 7%
$688,771
Cap Rate 9%
$535,711
Alternative Uses
Best Use
Office B
$929.3K
$813.2K – $1.08M
NOI $65,052 @ 7.0% cap · market cap 10.93%
Second Best
Apartment 5plus
$688.8K
$602.7K – $803.6K
NOI $48,214 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,060 @ 7.0% cap · market cap 16.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,535
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor office is paired with residential units on the upper level.
Where is this mixed-use property located?
The property is located at 48-50 NEWTON Avenue Woodbury, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Office space on the main level with two apartments above; 4,125 square feet on a 0.121‑acre lot; Brick construction; built in 1895
