159 DELAWARE ST, Woodbury, NJ 08096

Property Description

100 % occupied, 12-unit commercial apartment building located in a quiet residential section of Woodbury, NJ. The property consists of eight (8) one-bedroom units and four (4) two-bedroom units, offering a desirable unit mix for long-term rental demand. Seven (7) units feature guaranteed rental income through HUD, providing stable and predictable cash flow. The remaining units are occupied by long-term tenants, further enhancing income reliability and reducing turnover risk. The seller is open to continuing property management for a fee, offering a seamless transition for an out-of-area or hands-off investor. This property presents an excellent opportunity for investors seeking steady income, government-backed rent, and minimal operational disruption in an established residential area. Highlights: 12 total units (8 one-bedroom / 4 two-bedroom) $20,000 state of the art security system Quiet residential location in Woodbury, NJ 7 HUD-subsidized units with guaranteed rent Long-term tenant base Seller-offered property management available Strong candidate for buy-and-hold investors. ADDITIONAL BUILDING INFO: Roof is about 15-17 years old, HVAC units probably 7 of the 12 are less than 5 years, Remaining 5 are fully operational, no issues.

Listing Status:

Pending

Data Last Updated:

May 9, 2026 at 5:18PM

Listing Office:

RE/MAX Preferred - Sewell : 8565894848

Listing Agent:

Edward R Marrone : 8564910988

MLS ID:

NJGL2068476

Interior

• Flooring: CarpetVinylCeramic tile
• A/C: Heat Pump(s)
• Heating: Heat Pump(s)Electric
• Disability Feature: Ramp - Main Level

Exterior

• Parking: Lighted Parking

Construction

• General: BrickConcrete Perimeter

Location

• Originating MLS: BRIGHT_MAIN
• School District: WOODBURY PUBLIC SCHOOLS
• County: GLOUCESTER-NJ

Lot

• Zoning: RM22-00072-00027 01

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN
• Exclusions: tenants personal items