$315,000

6 SALEM AVE, Newfield, NJ 08344

  • 1,440 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1904
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $219/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

TURNKEY CASHFLOWING DUPLEX in NEWFIELD! This well-kept Buena Regional School District duplex has 2 bedrooms, 1 bathroom downstairs and 2 bedrooms, 1 bathroom upstairs. The total current rent roll is $2,956.00 per month, which comes to $35,472.00 annually, making this a very strong investment with great rental history. The tenants both also pay $25 per month each in additional rent (not included in the rent roll) to cover the water bill. The tenants both keep their units clean and tidy, and one unit is on an annual lease that runs through the end of the calendar year, while the other is month-to-month. Both units have their own electric and gas meters for easy utility management. The landlord is responsible for trash, taxes, and building insurance only, further increasing returns on a percentage and real dollar basis. Moreover, the property also includes a detached garage that can be rented separately for even more income. If you've been looking for a strong and stable multi-family property in a phenomenal location to start, add to, or diversify your investment portfolio, this is a strong option. Don’t miss this one!

Listing Status:
Active
Data Last Updated:
June 24, 2026 at 7:19PM
Listing Office:
DePalma Realty : 8568255500
Listing Agent:
Michael DePalma : 6095014162
MLS ID:
NJGL2074554
  • Basement: FullUnfinished
  • A/C: Central A/C
  • Heating: Forced AirNatural Gas
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Traditional
  • General: FrameBlock
  • Originating MLS: BRIGHT_MAIN
  • School District: DELSEA REGIONAL HIGH SCHO SCHOOLS
  • County: GLOUCESTER-NJ
  • Zoning: C13-00101-00006
  • Water: Public
  • Sewer: On Site Septic
  • Source: BRIGHT_MAIN
  • Exclusions: Tenant personal property.

This listing courtesy of Michael DePalma , DePalma Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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