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288 South Ave, 
Bridgeton, NJ 08302

$235,000


4

Beds


Bath


1,920

Sq Ft


Multi-Family

Active

Listed by

Michael Depalma

Depalma Realty, 8563646697, larry.depalma@gmail.com

Last updated:

September 20, 2026, 01:42 PM

MLS#

NJCB2032798

Source:

BRIGHTMLS

About This Home

288 South Ave

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!

Home Facts

Multi-Family

4 Bedrooms

Built in 1900

Price Summary

235,000

$122 per Sq. Ft.

MLS #:

NJCB2032798

Last Updated:

September 20, 2026, 01:42 PM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4


Structure

Structure

Architectural Style:

Colonial

Building Area:

1,920 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

10,890


Finances & Disclosures

Finances

Price:

$235,000

Price per Sq. Ft:

$122 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.