Stabilized Six-Unit Multifamily
56 LINWOOD Avenue Williamstown, NJ 08094
New
For Sale
$925,000
MULTI_FAMILY - Other - WILLIAMSTOWN, NJ
Property Size5,520 SF
Price / SF$167.57
Days on Market3
Property Features for 56 LINWOOD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
6
Parking features
Garage - Detached, Driveway
Interior features
Wood Floors
Standard status
Active
Size
5,520 SF
Taxes and HOA fees
Tax Annual Amount
14638
Utilities
Heating system
Other (Heating)
Cooling system
Wall Unit(s)
Building Details
Year built
1960
Number of units
4
Building materials
Block, Concrete
Architectural style
Other
Listing Agency:
Keller Williams Realty
(856) 321-1212
Listed By:
Tracy Harron
(610) 745-6638
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 1:06AM
MLS# NJGL2076182
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.
56 Linwood is a fully stabilized, six-unit multifamily property with 100% occupancy. Each unit is configured as 2 bedrooms and 1 bathroom, with separately metered gas/electric services. The property is professionally maintained and has undergone a comprehensive transformation over the past five years, including ownership renovations and significant capital improvements such as a new and replacement of the front concrete walkway.
A separate six-bay garage/storage building supports tenant convenience, and the property also includes coin-operated laundry for supplemental revenue. The asset is located on a quiet, tree-lined street in Monroe Township, with convenient access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
With a fully occupied unit mix and existing on-site amenities, the building is positioned for an investor seeking a turnkey, low near-term capital expenditure profile.
A separate six-bay garage/storage building supports tenant convenience, and the property also includes coin-operated laundry for supplemental revenue. The asset is located on a quiet, tree-lined street in Monroe Township, with convenient access to Route 42, the Atlantic City Expressway, Philadelphia, and Rowan University.
With a fully occupied unit mix and existing on-site amenities, the building is positioned for an investor seeking a turnkey, low near-term capital expenditure profile.
Key Highlights
- Six‑unit multifamily with 100% occupancy and an 8.0% in‑place cap rate
- Value‑add renovations completed over the past five years, including a utility reimbursement program
- Detached six‑bay garage/storage building to support tenant convenience and potential future income
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 | $165.6k | $30.00 |
| − Vacancy | −$11.3k | −$2.04 |
| EGI | $154.3k | $27.96 |
| − OpEx | −$69.5k | −$12.58 |
| NOI | $84.9k | $15.38 |
5,520 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,887 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,897 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied six-unit building with coin-operated laundry and separate six-bay garage/storage building.
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 with 100% occupancy and an 8.0% in‑place cap rate; Value‑add renovations completed over the past five years, including a utility reimbursement program; Detached six‑bay garage/storage building to support tenant convenience and potential future income
