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MLS: #NJCB2032798, Listed By: Michael DePalma, DePalma Realty, Source:Bright MLS

288 South Avenue

BRIDGETON, NJ 08302
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Bed 4

Bed

Bath 0

Bath

SqFt1,920

Sqft

Acres0.25

Acre(Lot)

DUPLEX WITH INCOME IN PLACE, A VACANT UNIT, AND VALUE-ADD POTENTIAL! Welcome to 288 South Avenue in Bridgeton, an up-and-down duplex offering two 2-bedroom, 1-bathroom units, separate electric utilities, an oversized lot, abundant off-street parking, and an opportunity for immediate flexibility. Unit A is currently occupied and generating $15,900 in annual rental income, while Unit B is VACANT and ready for its next use. That combination creates an attractive opportunity for a buyer looking to enter the multifamily market by occupying one unit while collecting rental income from the other—potentially helping offset monthly housing expenses while beginning to build a real estate portfolio. For an experienced investor, the vacant unit provides the opportunity to immediately prepare and lea se the space at current market terms without waiting for an existing lease to expire. Based on estimated market rents, total gross rental income could potentially reach approximately $33,600 annually when both units are leased at projected market rates. At the offered price, projected performance could result in a PRO FORMA CAP RATE EXCEEDING 11%, subject to actual rents, expenses, occupancy, management, maintenance, and other operating costs. Buyers should perform their own due diligence regarding projected rents and investment performance. The property is also set up with separate electric utilities, including separate electric hot water heaters, helping simplify utility responsibility between the two units. Outside, the EXTRA-LARGE LOT adds another dimension to the property, with plenty of off-street parking, a storage shed, and substantial additional outdoor space. Whether you're looking for an opportunity to occupy one unit while generating income from the other or seeking another multifamily property for an established portfolio, 288 South Avenue offers a compelling combination of CURRENT INCOME, VACANCY FLEXIBILITY, AND FUTURE UPSIDE. Schedule your showing and explore the possibilities!

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Detail Ic Property Details

Property Type : Residential Income

Price : $235,000

AD Id : 91165008

MLS Id : NJCB2032798

Beds : 4

Lot Size : 0.25 Acre

Living Area Size : 1,920

Tax Amount : 4307.00

Year Built : 1900

County : CUMBERLAND

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Feature Features

  • Bedroom Information

    Total beds: 4
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: None, Electric

  • Building Information

    Year Built: 1900 Building Area Total: 1920 Construction Materials: Other Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.25 Lot Size Source: Assessor Lot Size Square Feet: 10799

  • Listing Price Information

    Listing Price: $235000

  • Tax Information

    Parcel Number: 01-00156-00014 Tax Lot: 00014 Tax Year: 2025 Annual Tax: $4307

  • Parking Information

    Parking Total: 15 Off Street, Driveway

  • Location Information

    Direction: See GPS. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
643 Fordville Road, Bridgeton, NJ, 08302 $225,000 6 -- 1,560 --
24-26 Main St. St, Bridgeton, NJ, 08302 $670,000 3 -- 3,796 0.55 Acre
66 Church Street, Bridgeton, NJ, 08302 $260,000 4 -- 2,112 0.10 Acre
341 N Pearl Street, Bridgeton, NJ, 08302 $250,000 3 -- 1,516 0.08 Acre
194 N Pearl Street St, Bridgeton, NJ, 08302 $350,000 8 -- 4,693 0.23 Acre
105-107 Atlantic Street, Bridgeton, NJ, 08302 $699,000 -- -- -- --
197 Atlantic Street, Bridgeton, NJ, 08302 $325,000 7 -- 3,186 0.34 Acre
317 Atlantic Street, Bridgeton, NJ, 08302 $230,000 4 -- 1,960 0.17 Acre
50 Lake Street, Bridgeton, NJ, 08302 $324,900 5 -- 2,840 0.46 Acre
125 W Commerce Street, Bridgeton, NJ, 08302 $899,000 -- -- -- 0.46 Acre

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 09/12/2026 @ 17:23

MLS: NJCB2032798 LISTED BY: Michael DePalma, DePalma Realty 856-825-5500 SOURCE: Bright MLS

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