Residential Income Property with LB
For Sale
$350,000
731 S Main Street, West Creek, NJ 08092
COMMERCIAL - West Creek, NJ
Property Size1,989 SF
Lot Size0.85 Acres
Price / SF$175.97
Days on Market51
Property Features for 731 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Basement
Dirt Floor
Directions
Route 9 to 731 S. Main (to the right of BuyRite).
Subdivision
Mayetta
Standard status
Active
APN
31-00134-0000-00004
Size
1,989 SF
Lot size
0.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5807
Utilities
Sewer type
Public Sewer, Septic Tank
Heating system
Hot Water(Heating), Baseboard
Water source
Well, Public
Building Details
Year built
1870
Floors in Building
2
Roof type
Shingle
Listing Agency:
Berkshire Hathaway HomeServices Zack Shore Realtors
(609) 597-6464
Listed By:
Jillian Hommel
(609) 597-6464
Added: Jun 17
Changed: Aug 4
Last Checked: Aug 6 at 3:06AM
MLS# 22618655
Copyright © 2026 More 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.
This property at 731 S Main Street is currently being used as residential and offers a residential income type configuration. The home is described as being in poor condition and requiring major renovation. Prospective buyers should plan to complete their own due diligence with the Township regarding zoning and any related requirements.
The property sits on a 0.85-acre lot and is listed with a building size of 1,989 square feet. It is located in LB zoning, which is an important factor for anyone evaluating alternative uses, redevelopment, or renovation plans.
For tenants, buyers, or investors seeking a renovation project, this is a straightforward option: it is an occupied residential-income style asset that will need substantial work to restore it for productive use. Because the current condition is described as poor, the practical next step is to underwrite renovation costs, confirm zoning-related constraints and possibilities with the Township, and validate the scope of improvements needed before moving forward.
The property sits on a 0.85-acre lot and is listed with a building size of 1,989 square feet. It is located in LB zoning, which is an important factor for anyone evaluating alternative uses, redevelopment, or renovation plans.
For tenants, buyers, or investors seeking a renovation project, this is a straightforward option: it is an occupied residential-income style asset that will need substantial work to restore it for productive use. Because the current condition is described as poor, the practical next step is to underwrite renovation costs, confirm zoning-related constraints and possibilities with the Township, and validate the scope of improvements needed before moving forward.
Key Highlights
- Year built 1870
- LB zoning—currently used as residential
- Heating: hot water heat and baseboard
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 | $59.7k | $30.00 |
| − Vacancy | −$4.1k | −$2.04 |
| EGI | $55.6k | $27.96 |
| − OpEx | −$25.0k | −$12.58 |
| NOI | $30.6k | $15.38 |
1,989 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$437.0K
$382.3K – $509.8K
NOI $30,587 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$519.4K
$454.5K – $605.9K
NOI $36,356 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 08092, NJ
3,596
Population
1,475
Households
2.4
Avg Household Size
44
Median Age
36%
College-Educated
96%
High-School Grad
22.9 sq mi
ZIP Area
157
Density / Sq Mi
$97,058
Median Household Income
$57,931
Median Earnings
$1,408
Median Rent
$473,600
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Single-family income property presently used residentially, but requiring major renovation under LB zoning conditions.
Where is this single family property located?
The property is located at 731 S Main Street West Creek, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Year built 1870; LB zoning—currently used as residential; Heating: hot water heat and baseboard
