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288 South Ave , Bridgeton, NJ 08302
$235,000
Est. Payment: $1,269.00/mo
4 Bed
2 Bath
1920 Sqft
0.25 Acres
Status: active | Days on site: 51
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DEPALM - 3242226
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House Description

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 lease 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!

Highlights

Listed by Michael DePalma , 6095014162 DePalma Realty , 8568255500. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1900

County

Cumberland

Area

Bridgeton City (20601)

School District

Bridgeton Public Schools

Listing ID

NJCB2032798

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Above Ground Sq Ft:1920
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Garage Capacity:15
Zoning:MULTI
Sewer:Public Sewer
Parking Features:Driveway,Off Street,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$1,269
Taxes
$359

Home Price

$235,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$47,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,269.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,269.00 $358.92 $0.00 $1,627.92
Yearly $15,228.03 $4,307.00 $0.00 $19,535.03
Total $456,840.97 $129,210.00 $0.00 $586,050.97
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Bridgeton, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS