BROWNS MILLS, NJ 08015 Browns Mills, NJ 08015
MULTI_FAMILY - BROWNS MILLS, NJ
Property Features
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Standard status
- Active Under Contract
- Size
- 1,856 SF
Building Details
- Year built
- 1950
Listing agent Jonathan Benstead License #2296861
Listing office BHHS Fox & Roach Marlton-Voorhees Home Marketing Center NJ (856) 810-5300
Listing date Dec 16, 2025
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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.
Tenants receive separate utilities, while the landlord covers oil, insurance, and taxes. The property is described as being conveniently located near major highways and the NJ Turnpike, providing access toward Philadelphia.
Rents are currently reported as $900 for the studio and $1,200 for each of the two-bedroom units.
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 | $40.1k | $21.60 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $38.0k | $20.47 |
| − OpEx | −$11.4k | −$6.14 |
| NOI | $26.6k | $14.33 |
