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123 W Foundry St, 
Millville, NJ 08332

$125,000


3

Beds


1

Bath


1,128

Sq Ft


Single Family

Active

Listed by

Michael Depalma

Depalma Realty

Last updated:

June 15, 2025, 01:54 PM

MLS#

NJCB2024582

Source:

BRIGHTMLS

About This Home

123 W Foundry St

Opportunity knocks at 123 W Foundry Street! This 3-bedroom, 1-bathroom twin home offers 1,128 square feet of potential in a rapidly appreciating Millville neighborhood. Whether you're a first-time homebuyer ready to put in short-term sweat equity for long term gains or an investor looking for strong rental returns, this property delivers. With market rents for 3-bedroom homes nearing $2,000/month and annual taxes just under $2,500, the cash flow possibilities are impressive. Most pro forma calculations show a 12%+ cap rate potential and over 22%-25% cash on cash return with financing. This isn't possible in virtually any other asset class, and that's just from cash flow. Enter in appreciation, tax and interest deductions, and depreciation returns and the numbers are unbelievable. What's more, comparable renovated homes are selling for close to $200,000, making this a smart play for value-minded buyers. Whether you're buying responsibly as a primary homeowner, or as a savvy investor, don't miss your chance to secure this special find—act now and position yourself for long-term gains!

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1912

Price Summary

125,000

$110 per Sq. Ft.

MLS #:

NJCB2024582

Last Updated:

June 15, 2025, 01:54 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,128 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial

Building Area:

1,128 Sq. Ft.

Year Built:

1912


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$125,000

Price per Sq. Ft:

$110 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. © 2025 Bright MLS All rights reserved.

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