Legal Triplex Income Property

WILLIAMSTOWN, NJ 08094 Williamstown, NJ 08094

Claim this Listing
For Sale
$525,000

MULTI_FAMILY - WILLIAMSTOWN, NJ

Type:Single Family Residence
Property size:
2,939 SF
Price / SF:
$178/SF
Added:
Jun 23, 2026
Days on Market:
18
Last Refresh:
Jul 10 at 10:06 pm

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Single Family Residence
Standard status
Active
Size
2,939 SF

Building Details

Year built
1958

Listing agent Valerie Yosef

Listing office BHHS Fox & Roach Cherry Hill Home Marketing Center NJ

Listing date Jun 23, 2026

MLS# NJGL2074970

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.

This legal triplex offers three residential units totaling nearly 3,000 square feet of living space. The property features three 4-bedroom, 2-bathroom units. Two units are currently occupied with leases in place, providing immediate rental income.

Two of the units have been extensively renovated with updated finishes, while the third unit requires a complete renovation. The property sits on a large lot and is described as having commercial zoning, offering flexibility for future development considerations.

For sale as an income-producing multifamily asset with a current occupancy base and a value-add component tied to completing the renovation of the remaining unit.

Key Highlights

  • Legal triplex built in 1958 with nearly 3,000 sq ft of living space
  • Three 4‑bedroom, 2‑bath units; two units currently occupied
  • Leases in place at $2,500/month and $2,450/month, extending for approximately another year

Local 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 $88.2k $30.00
− Vacancy −$6.0k −$2.04
EGI $82.2k $27.96
− OpEx −$37.0k −$12.58
NOI $45.2k $15.38
2,939 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%

Alternative Uses

Best Use
Multifamily LT 5
$702.7K
$614.9K – $819.8K (±1% cap)
NOI $49,188 @ 7.0% cap · market cap 9.37%
Second Best
Apartment 5plus
$645.7K
$565.0K – $753.3K (±1% cap)
NOI $45,196 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$767.4K
$671.5K – $895.3K (±1% cap)
NOI $53,720 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

FAQs

What type of property is this?
Triplex - Legal triplex offering three units and nearly 3,000 square feet of living space on a large lot.
Where is this triplex located?
The property is located at Williamstown, 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: Legal triplex built in 1958 with nearly 3,000 sq ft of living space; Three 4‑bedroom, 2‑bath units; two units currently occupied; Leases in place at $2,500/month and $2,450/month, extending for approximately another year
Contact an agent
More about this property
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