Mixed-Use Office and Residential
For Sale
$595,000
48 Newton, Woodbury, NJ 08096
Well-maintained building with a main-level office and two apartments above, supporting flexible mixed-use ownership.
Property Size4,125 SF
Price / SF$144.24
Days on Market97
Property Features for 48 Newton
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Mixed Use
Units
Multifamily Units
2
Office Units
1
Building Details
Year Built
1895
Listing Agency:
HomeSmart First Advantage Realty
(267) 216-7168
Listed By:
Elyaant Armijos · License #1862459
(267) 216-7168
Source:
Xome
Added: May 2
Changed: Jul 10
Last Checked: Jul 31 at 6:11PM
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 HomeSmart First Advantage Realty
Investment Insights
Based on property information with market context.
This well-maintained mixed-use building combines a commercial office space on the main level with two spacious residential apartments on the upper floors. The residential units are described as having generously sized floor plans, oversized bedrooms, spacious living areas, and well-maintained kitchens. Throughout the property, the interior details include original woodwork, solid wood trim, and quality millwork, supported by durable construction materials. The office space has been well maintained and is presented as flexible for a variety of professional uses. A newer central air conditioning system and numerous property improvements are highlighted as additional enhancements.
The property is positioned in Woodbury’s professional district and is described as being near downtown Woodbury. It is also noted to be close to the Gloucester County Courthouse, along with nearby professional offices, restaurants, shopping, and major transportation routes, which can support both tenant and everyday accessibility.
For investors, the structure creates multiple income streams by pairing a street-level office with two residential units above. For owner-occupants, the layout offers the ability to run a professional business while also maintaining onsite residential rental potential. The combination of craftsmanship, established configuration, and recent mechanical upgrades is presented as supporting long-term durability and continued livability for the residential component.
The property is positioned in Woodbury’s professional district and is described as being near downtown Woodbury. It is also noted to be close to the Gloucester County Courthouse, along with nearby professional offices, restaurants, shopping, and major transportation routes, which can support both tenant and everyday accessibility.
For investors, the structure creates multiple income streams by pairing a street-level office with two residential units above. For owner-occupants, the layout offers the ability to run a professional business while also maintaining onsite residential rental potential. The combination of craftsmanship, established configuration, and recent mechanical upgrades is presented as supporting long-term durability and continued livability for the residential component.
Key Highlights
- Mixed‑use building with a commercial office on the main level and two residential apartments above
- Central air conditioning and vinyl flooring
- Shingle roof; driveway parking
Financial Insights For Multifamily LT 5
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 | $81.7k | $19.80 |
| − Vacancy | −$4.2k | −$1.03 |
| EGI | $77.4k | $18.77 |
| − OpEx | −$23.2k | −$5.63 |
| NOI | $54.2k | $13.14 |
4,125 SF · lease $19.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$929.3K
$813.2K – $1.08M
NOI $65,052 @ 7.0% cap · market cap 10.93%
Second Best
Multifamily LT 5
$774.3K
$677.5K – $903.3K
NOI $54,200 @ 7.0% cap · market cap 9.11%
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained building with a main-level office and two apartments above, supporting flexible mixed-use ownership.
Where is this office building located?
The property is located at 48 Newton 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: Mixed‑use building with a commercial office on the main level and two residential apartments above; Central air conditioning and vinyl flooring; Shingle roof; driveway parking
