28 Camplain Rd, Manville, NJ 08835-1450
- Commercial real estate
- 0.13 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 28 Camplain Rd
- Year built
- 1929
- Construction
- BRICK
- Lot size
- 0.13 lot acres
- Property type
- Commercial real estate
- APN
- 11 00159-0000-00008
- APU
- 1100159000000008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 21, 2025 | $1,250,000 | Camplainnj LLC | 28 East Camplain LLC | Bargain & Sale Deed | $825k · Magyar Bank |
| Apr 22, 2021 | — | 28 East Camplain LLC | — | Deed · related | $470k · Fulton Bank NA |
| Apr 25, 2014 | $585,000 | 28 E Camplain LLC | Murawski,jozef & Barbara | Grant Deed | $584k · Josef & Barbara Murawski |
| Jan 2, 1992 | $350,000 | Jozef Murawski | Unknown | Grant Deed | — |
Description
This exceptional 8-unit apartment building in Manville, New Jersey presents a compelling investment opportunity. Located just one block from Main Street, this property offers a prime location and strong rental potential. Built in 1929 and extensively renovated in 2019, the building comprises a single, two-story structure with eight one-bedroom, one-bathroom units. Each unit features its own gas and electric meters, simplifying utility management. The current Net Operating Income (NOI) is $75,632, yielding a 5.60% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $136,832, resulting in a 10.14% cap rate, reflecting the potential for increased rental income. The asking price is $1,350,000, or $168,750 per unit. Seven of the eight units are on month-to-month leases, offering flexibility for future rent adjustments. The property is zoned residential and is not located in a flood zone, minimizing risk. This well-maintained building represents a rare chance to acquire a high-performing multifamily asset in a desirable New Jersey location with significant upside potential. The property's strong cash flow, combined with its prime location and recent renovations, makes it an ideal addition to any investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,165,000
- ML approach
- $1,210,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Manville
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5864
- Latitude
- 40.5412
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
