Pending

MLS: #NJCD2126812, Listed By: Garrett Smith, Opus Elite Real Estate, Source:Bright MLS

222 Cypress Avenue

OAKLYN, NJ 08107
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Bed 5

Bed

Bath 0

Bath

SqFt1,686

Sqft

Acres0.17

Acre(Lot)

Excellent investment opportunity! This fully occupied four-unit multifamily property offers strong existing rental income and immediate income-producing potential from day one. Each unit features its own private kitchen and bathroom, with separate electric service for each apartment. The property has four individual electric meters for the units, plus a separate house electric meter, helping keep tenant utility usage clearly separated. Unit 1 features 2 bedrooms, 1 full bath, its own kitchen, central air and heat, and private access directly from the front porch. Units 2, 3, and 4 each offer 1 bedroom, 1 full bath, their own kitchen, electric baseboard heat, and access through the side entrance along the driveway side of the property. A shared washer and dryer are located in the basemen t for tenant use. The landlord currently pays water, approximately $160 per quarter, and sewer, approximately $279 per quarter. Electric service is separately metered for each unit. With all four units currently occupied and producing approximately $43,284 in gross annual rental income, this property presents an excellent opportunity for an investor looking to add a strong multifamily asset to their portfolio. Based on the current asking price, current rents, and known operating expenses, the property reflects an approximate 7.6% cap rate. Four occupied units, separate electric meters, individual kitchens, established rental income, and immediate cash flow make this a property worth a serious look. Schedule your showing today!

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Detail Ic Property Details

Property Type : Residential Income

Price : $399,999

AD Id : 91252444

MLS Id : NJCD2126812

Beds : 5

Lot Size : 0.17 Acre

Living Area Size : 1,686 Sq. Ft

Tax Amount : $9,091

Year Built : 1900

County : CAMDEN

Subdivision: Bluebird

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Feature Features

  • Bedroom Information

    Total beds: 5

    Room Information

    Has Basement: Yes Basement: Other
  • Interior Features

    Appliances: Electric Water Heater
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Natural Gas, Central, Baseboard Has Cooling: Yes Cooling: Central Air, Window Unit(s), Gas, Electric

  • Building Information

    Year Built: 1900 Building Area Total: 1686 Construction Materials: Frame Pool Features: None Private Pool: No

  • Lot Information

    Lot Size Acres: 0.17 Lot Size Source: Assessor Lot Size Square Feet: 7501

    Property Information

    Subdivision: BLUEBIRD Source Property Type: Residential Income Postal Code Plus 4: 2122 Property SubType: Quadruplex Property Age: 126

  • Listing Price Information

    Listing Price: $399999

  • Tax Information

    Parcel Number: 37-00704-00002 Tax Lot: 00002 Tax Year: 2025 Annual Tax: $9091

  • Parking Information

    Parking Total: 3 On Street, Driveway

  • Location Information

    Direction: gps WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
301 Landis Avenue, Oaklyn, NJ, 08107 $340,000 4 -- 1,600 0.20 Acre
1112 Collings Avenue, Oaklyn, NJ, 08107 $525,000 5 -- 1,849 0.14 Acre
142 Linden Avenue, Oaklyn, NJ, 08107 $275,000 4 -- 1,622 0.11 Acre
128 Chestnut Ave, Oaklyn, NJ, 08107 $348,900 4 -- 2,112 0.17 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 09/29/2026 @ 21:43

MLS: NJCD2126812 LISTED BY: Garrett Smith, Opus Elite Real Estate 215-395-6277 SOURCE: Bright MLS

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