617 Newton Avenue
Oaklyn, NJ 08107
- – beds
- – baths
- 6,042 sqft
- 10,498 sqft lot
- $118 per sqft
- 1935 build
PRIME INVESTMENT OPPORTUNITY SITUATED ON A QUIET CORNER LOT IN OAKLYN!!! Don't miss this staggering x6 unit building featuring x4 2BD/1BTH units & x2 1BD/1BTH units along with a private basement & spacious private parking lot! Units are filled with an abundance of natural light & brimming with historic charm as well as updated touches & upgrades. Brand new high efficiency heater with separate electric & gas. Tenants are responsible for electric & gas, the landlord is responsible for water & heat. Property is currently generating 7k/mo in rental income with room for tremendous growth. Whether you are a savvy investor looking to add SIX quality doors to your portfolio or an owner-occupant buyer living in either one of the 1 or 2 bedroom units while letting the tenants pay your mortgage AND still generating positive cash flow - then this incredible value add is for you! **Offer memorandum w/ rent roll & financials attached in Bright documents.
Last checked:
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Last updated Feb 13, 2025
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MLS# NJCD2085252 —
The Building
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Year Built:1935
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Vinyl Siding
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Building Units Total:4
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Structure Type:Detached
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Architectural Style:Traditional
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Accessibility Features:None
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Foundation Details:Permanent
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Basement:Yes
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Basement Type:Partial
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:6042
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:6042
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Living Area SqFt:6,042 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Settlement
Location
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Directions:Head west on Haddon Ave toward E Homestead Ave. Turn left onto Collings Ave then left onto White Horse Pike. Turn right onto W Clinton Ave then left onto Newton Ave & the property will be on the left.
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Latitude:39.90882732
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Longitude:-75.08287109
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.24
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Lot Size Source:Assessor
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Lot Size Dimensions:75.00 x 140.00
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Lot Dimensions Source:Assessor
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Lot SqFt:10,498 Sqft
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Zoning:RES
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (856) 200-8320
- Office phone:
- (856) 858-2200
Taxes
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Tax ID Number:26-00053-00012
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Tax Year:2024
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Tax Lot:00012
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Tax Annual Amount:$15,411
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Tax Assessed Value:$291,600
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Year Assessed:2024
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Schools
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School District Name:Camden City Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Cap Rate:5.79
Parking
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Total Garage and Parking Spaces:6
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Garage:No
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Type of Parking:Parking Lot
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Parking Features:Gravel Driveway
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Parking Lot - # of Spaces:6
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
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Vacation Rental:No
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One Bedroom Units:2
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Two Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
2/13/25
Feb 13, 2025
|
Listed / Active | BRIGHT | $715,000 |