Five-Unit Apartment
For Sale
$500,000
53 High St, Woodbury, NJ 08096
Four one-bedroom apartments and one studio create a compact residential income property with off-street parking.
Property Size2,731 SF
Price / SF$183.08
Days on Market48
Property Features for 53 High St
General Information
Standard status
Active
Size
2,731 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR, 1 x studio
Multifamily Units
5
Building Details
Year Built
1900
Listing Agency:
RealtyMark Properties
Listed By:
Patrice Bolden · License #2296269
(856) 322-0200
Source:
Soldbypattie
Added: Sep 4
Changed: Oct 11
Last Checked: Oct 7 at 5:46PM
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 RealtyMark Properties
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Investment Insights
Based on property information with market context.
This 2,731-square-foot apartment property, built in 1900, contains five units: four one-bedroom apartments and one studio. Off-street parking serves the building, while recent improvements include the roof and boiler. Three apartments are vacant, offering flexibility for renovation, leasing, or owner occupancy. The sale is offered as-is, with the buyer responsible for the certificate of occupancy and municipal and lender closing requirements.
The property is located in Woodbury near a hospital, major highways, courts, and county offices. Public transportation, grocery and convenience stores, and restaurants are within walking distance. The surrounding area also includes planned Broad Street redevelopment, extensions to bike and pedestrian paths, public park upgrades, and preparation for the Glassboro-Camden Line.
The property is located in Woodbury near a hospital, major highways, courts, and county offices. Public transportation, grocery and convenience stores, and restaurants are within walking distance. The surrounding area also includes planned Broad Street redevelopment, extensions to bike and pedestrian paths, public park upgrades, and preparation for the Glassboro-Camden Line.
Key Highlights
- Five units: four one‑bedroom apartments and one studio
- 2,731‑square‑foot building constructed in 1900
- Three apartments are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,921
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,420
$638.4K
Cap Rate 7%
$456,014
$456.0K
Cap Rate 9%
$354,678
$354.7K
Market Conditions
NOI Build-Up for 2,731 SF
Gross rent
$61.6K $22.56/SF
− Vacancy
−$3.6K −$1.31/SF
EGI
$58.0K $21.25/SF
− OpEx
−$26.1K −$9.56/SF
NOI
$31.9K $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%
$638,420
Cap Rate 7%
$456,014
Cap Rate 9%
$354,678
Alternative Uses
Best Use
Apartment 5plus
$456.0K
$399.0K – $532.0K
NOI $31,921 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.0K
$803.3K – $1.07M
NOI $64,260 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Four one-bedroom apartments and one studio create a compact residential income property with off-street parking.
Where is this apartment building located?
The property is located at 53 High St Woodbury, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Five units: four one‑bedroom apartments and one studio; 2,731‑square‑foot building constructed in 1900; Three apartments are currently vacant
