6 SALEM Avenue, Newfield, NJ 08344
MULTI_FAMILY - Other - NEWFIELD, NJ
- Added:
- Jun 12, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 13 at 9:06 pm
Property Features for 6 SALEM Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Garage - Detached, Driveway
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5154
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1904
- Number of units
- 2
- Building materials
- Frame
- Architectural style
- Other
Listing agent Michael DePalma License #1328898 (609) 501-4162
Listing office DePalma Realty 111 HIGH Street, Millville, NJ (856) 825-5500
Listing date Jun 12, 2026
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.
HighLights
- Turnkey duplex with 2 beds/1 bath on the first floor and 2 beds/1 bath on the second floor
- Current rent roll totals $2,706/month ($32,472/year); tenants also pay $25/month each for water (not included in rent roll)
- Both units have separate electric and gas meters for individual utility management
- Tenant utility and lease details: one annual lease through end of the calendar year, one month‑to‑month
- Detached garage and driveway parking on a frame structure with forced air heat and central air
- Landlord responsibilities listed as trash, taxes, and building insurance only; Year built: 1904
Overview
Located in Newfield, within the Buena Regional School District, the property is presented as a stable income option with an established rental history.
For investors or buyers seeking a manageable residential income asset, the unit layout and metered utilities can simplify operations, while the garage provides an additional, separately rentable component. With both units currently occupied and lease terms already in place, the property is positioned for immediate, hands-on landlord management without needing unit reconfiguration.
Local 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 | $28.5k | $19.80 |
| − Vacancy | −$1.5k | −$1.03 |
| EGI | $27.0k | $18.77 |
| − OpEx | −$8.1k | −$5.63 |
| NOI | $18.9k | $13.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newfield
- County
- Gloucester
- State
- New Jersey
- Longitude
- -75.0258179
- Latitude
- 39.5465164
