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    97 Oregon Ave Ewing Township, NJ 08638

    Sponsored
    For Sale
    $525,000

    8-Bed, 2-Unit Portfolio, High Cap Rate

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add investment opportunity presents a two-unit multifamily property located at 97 Oregon Ave, Ewing Township, NJ 08638. The property, classified as Class A, boasts a compelling 15% cap rate and is currently vacant, presenting immediate potential for rental income. Each of the two units offers four bedrooms and two bathrooms, totaling eight bedrooms across the property. The building itself is a two-story structure, and has recently undergone significant renovations. These improvements include a brand-new roof and siding, along with completely updated plumbing and electrical systems. Situated in the desirable Braeburn Heights neighborhood, this property benefits from convenient access to shopping, major highways, and proximity to both The College of New Jersey and Rider University, making it an ideal investment for targeting student renters or the broader rental market. The asking price is $525,000, representing a price per unit of $262,500. This property is offered for sale by owner. This is a rare opportunity to acquire a well-located, renovated multifamily property with significant upside potential. The property's strong fundamentals and strategic location make it a compelling investment for both seasoned and new investors. A video tour is available online.

    Property Features for 97 Oregon Ave

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Exceptional investment opportunity with strong rental income potential.
    • Prime location in a thriving urban market with high foot traffic.
    • Modern, well‑maintained building featuring updated amenities.
    • Flexible lease terms available to suit your business needs.
    • Significant upside potential for future value appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ewing Township
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.776245068325
    Latitude
    40.260064879564

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    FAQs

    What type of property is this?
    Multifamily property - 8-Bed, 2-Unit Portfolio, High Cap Rate
    Where is this multifamily property located?
    The property is located at 97 Oregon Ave Ewing Township, NJ.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity with strong rental income potential.; Prime location in a thriving urban market with high foot traffic.; Modern, well-maintained building featuring updated amenities.
    Request Owner's contact information
    97 Oregon Ave Ewing Township, NJ 08638
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    Ewing Township, NJ 08638
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    97 Oregon Ave Ewing Township, NJ 08638
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