Six-Unit Multifamily
New
For Sale
$925,000
56 LINWOOD AVENUE, Williamstown, NJ 08094
Fully occupied apartment property with separately metered utilities, garages, storage, and coin-operated laundry.
Property Size5,100 SF
Price / SF$181.37
Days on Market4
Property Features for 56 LINWOOD AVENUE
General Information
Standard status
Active
Size
5,100 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Cap Rate
8%
Amenities
coin-operated laundry
garage/storage building
Building Details
Year Built
1960
Listing Agency:
Keller Williams Realty
(610) 745-6638
Listed By:
Tracy Harron
(610) 745-6638
Source:
Cummingsrealtors
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 6:42PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
56 Linwood Avenue is a six-unit multifamily property with a total property size of 5,100 square feet. Each apartment includes two bedrooms and one bathroom, with separately metered gas and electric service. The property was built in 1960 and is 100% occupied.
Over the past five years, the property has undergone unit renovations and significant capital improvements, including a new and replacement front concrete walkway. A separate six-bay garage and storage building provides additional tenant convenience, while coin-operated laundry offers supplemental revenue. The property is located on a quiet, tree-lined street in Monroe Township, with access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
Over the past five years, the property has undergone unit renovations and significant capital improvements, including a new and replacement front concrete walkway. A separate six-bay garage and storage building provides additional tenant convenience, while coin-operated laundry offers supplemental revenue. The property is located on a quiet, tree-lined street in Monroe Township, with access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
Key Highlights
- Six‑unit multifamily property totaling 5,100 square feet
- Each unit offers 2 beds/1 bath with separately metered gas/electric
- 100% occupied with an 8.0% in‑place cap rate
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 | $153.0k | $30.00 |
| − Vacancy | −$10.4k | −$2.04 |
| EGI | $142.6k | $27.96 |
| − OpEx | −$64.2k | −$12.58 |
| NOI | $78.4k | $15.38 |
5,100 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$980.4K – $1.31M
NOI $78,428 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,220 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
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?
Apartment building - Fully occupied apartment property with separately metered utilities, garages, storage, and coin-operated laundry.
Where is this apartment building located?
The property is located at 56 LINWOOD AVENUE Williamstown, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Six‑unit multifamily property totaling 5,100 square feet; Each unit offers 2 beds/1 bath with separately metered gas/electric; 100% occupied with an 8.0% in‑place cap rate
